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A legacy plan is a thoughtful, prayer-filled discernment process that communicates how your most closely held values, including your Christian faith, can be passed on to the next generation.
A legacy plan includes legal documents (wills and trusts) that distribute property upon your death and provide for the care of minor children. A legacy plan can also include a written summary (sometimes called a legacy love letter or ethical will) of your most cherished values — values you want your loved ones to know and understand.
The way you choose to design your legacy plan communicates what’s most important to you. When you include a gift in your will to the ministries aligned with your passions, you make a clear declaration to your loved ones about the work that Christ has done in your life and what you want your legacy to express.
A will is a legal document that outlines how your property will be distributed upon your death.
A bequest is a gift of money or property distributed through your will. You can bequeath a gift to your heirs, friends, or to a charity.
A will is part of an estate plan. Details to keep in mind:
If your estate is simple, you may not need an attorney and could benefit from many of the online will tools available. Here are some questions to help you decide:
Yes, these sites offer state-specific legally binding wills. These “fill in the blank” wills provide a simple and cost-effective way for many individuals and families to create and update their will and to formulate a legacy plan. Such wills can often be completed in 30 minutes or less.
Most online will sites guide you through a simple 3-step process:
Learn more about online wills and find links to popular sites.
Simple wills using online tools can be completed for less than $200. Basic wills created with the help of an attorney can cost anywhere from $800-$1,000.
If you do not have a will, the state would determine (without your input):
Consider these top 10 reasons to update your will:
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