North Georgia United Methodist - Multiplying Financial Resources for Mission and Ministry

Do You Need a Will?
Many people, especially young individuals and those who feel that their estate is too small, believe that a will represents an unnecessary expense. But the preparation of a will need not be expensive.

Even when property distribution issues are not numerous, a will is the legal avenue through which a number of other issues should be addressed: naming an executor; naming a legal guardian for minors; making gifts or transfers; and reducing estate tax liability.

In the absence of a will, the state will resort to a formula. A judge will name an executor; a bond may have to be posted; the court will name a guardian; and a formula will determine asset distribution.

Should Your Will Contain a Bequest?
The charitable bequest affords a way for virtually anyone to express specific philanthropic wishes. In fact, the bequest is the most frequently utilized method for support of charity in America.

A bequest may take on a number of forms, including naming a specific dollar amount, a percentage of the estate or specific assets. The philanthropic spirit is given a voice when wishes are expressed in the will. While many may think philanthropy is reserved for a few, the truth is that every bequest makes a mark that will last throughout history.

Please contact the Georgia United Methodist Foundation at 770.449.6726 or 877.220.5664 if you would like to speak with someone who can provide additional information on wills or other charitable tax planning options.