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 Foundation at 770-449-6726 if you would like to speak with someone who can provide additional information on wills or other charitable tax planning options.