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An estate plan can include nonprofits

When people think about what will happen after they die they typically hope that other people remember them for a long time. No one wants to be forgotten. Establishing an estate plan that includes a legacy of giving, along with passing assets to an heir, can be a wonderful way to ensure a person's name lives on long after the person gone.

Leaving a legacy of giving is a great way to have a person's name live on after the person has passed away. Everyone wants their lives to have an impact and helping others through charitable giving is something that Kent area residents consistently do. If people are thinking about giving to a charity through a charitable trust they may first want to think about what values they find important and choose organizations based on those values. A person would also want to think about whether they want their gift to remain a quiet matter or if they want public recognition.

Meeting with the chosen nonprofit development director would be a great way to find out how a gift can be used. They can discuss their needs with people and they can write out a plan as to what they want the nonprofit to do with their gift. A legal professional skilled in estate planning can help create a charitable trust that meets everyone's goals and is a legal-abiding document.

Giving to a charitable organization after one's death is a wonderful way of letting people know what values were important to a person and can help to make sure the person's legacy lives on. Charities are often willing to work with people who want to set up such a charitable giving plan.

Source: Statesman, "What will be your legacy? Consider helping nonprofits," Phil McCorkle, March 13, 2015

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