Five Things to Know About Estate Planning
- You should have an estate plan regardless of your net worth.
- Your plan should include a will.
- You do not have to be wealthy to create a trust.
- Talking about your plans with loved ones may avoid problems later.
- You can create charitable gifts in your will that leave a lasting legacy.
As part of the estate planning process, consider two other documents that can help make sure your wishes are met.
- A power of attorney can name a person or persons you wish to handle your financial affairs should you become incapacitated or simply prefer to have others manage your assets.
- A living will can record your wishes about extraordinary medical care and life support measures.
- Memorial gifts are often received through an estate. A memorial can serve as an enduring an
- Loving tribute to one or more individuals while contributing to the benefit of future generations.
- Estate gifts can be funded with cash, securities, real estate or other property
- A gift of all or a portion of the residue of your estate refers to property remaining after all distribution to family and others have been satisfied.
- Gifts may be stated in terms of a percentage of an estate, thereby allowing gifts to increase or decrease depending on the value of the assets remaining.
To make a gift to St. Francis de Sales Church
The correct legal designation for gifts to St. Francis de Sales Church is: The Roman Catholic Archbishop of Los Angeles, a corporation sole for the benefit of St. Francis de Sales