Sometimes even our best intentions can miss the mark if we don’t have all of the facts. The same is true with Estate Planning. Many well-meaning individuals have left their family members with a heap of details to sort out after their death, either because of an out-of-date will or none at all. So what can be done to ensure your will is in tip-top shape? Begin by considering these three primary areas: family, finances and ministry.
- Has your family situation changed? Perhaps your family has recently grown, or a loved one has passed. Also consider the level of responsibility your children exhibit. Would they exercise wise stewardship? Maybe they’re already financially sound and do not need the funds.
- Has your financial situation changed? Sometimes life milestones occur that cause your financial status to shift – this could include retirement or the selling of a business. Other factors that impact a shift are tax laws. Consider checking into how recent changes could affect your Estate Plan.
- Does your current Estate Plan reflect what’s most important to you? Proper Estate planning is a wonderful way to communicate a heritage of faith. Plus, a will is an ideal opportunity to bless the ministries that are close to your heart – like Bethany Christian Services – while leaving a legacy for your family.
