Skip to main content

Scott Thomas, ChFC®, CAP®, CKA®, RICP®

Let's Honor Aunt Ginger's Wishes!

Why leave your estate potentially in conflict?  What if you name your favorite charities in your will or trust as a partial beneficiary – what's wrong with that?  Well, your heirs can contest and fight for all the money depending on the local legal environment, and it could create a significant unnecessary legal fight and cost. Why would probate court side with heirs and not on the side of your wishes, that are so clearly spelled out in your will or trust? There's lots of reasons, and bigger money tends to bring out bigger fight.

So, how might you make the passing of assets to your favorite charities more solid?  Name charities as a beneficiary in your qualified accounts, such as an IRA or annuities.  Another way would be to set up a charitable bucket while you’re living by establishing a donor advised fund, a private foundation, a charitable trust or a charitable gift annuity.   Sweet Aunt Ginger wanted to be generous, and would be spinning in her grave about the legal actions and the costs piling up on the estate settlement.  Be more thoughtful and intentional if you wish to include charities in your estate proceeds.  Planning ahead matters at Stewardship Matters, we can help guide you with more certainty.  If you’d like to put your mind at ease over your estate, contact Scott Thomas at Scott@stewardshipmatters.net

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck