It’s for You and Them
Have you considered how your estate plan, the guidebook for your assets after your lifetime, is as much for your loved ones as it is for you?
By planning your estate, you are able to care for and protect your loved ones in meaningful ways. Consider these four things an estate plan can do:
- Prevent disputes. Families can be torn apart by arguments over assets and responsibilities after the passing of a loved one. Having a plan in place lessens conflict and confusion while alleviating stress during an already difficult time.
- Save time and money. Without an estate plan, the legal process of distributing your assets can be lengthy and costly for those affected.
- Deepen trust and respect. When you designate someone to handle your end-of-life care or act as the legal guardian of your children, you show that person how much you admire and trust them.
- Share your passion. Including a gift to support the future of Murray State University allows you to express your values, even after your lifetime.
For your loved ones, a proper estate plan will give them valuable peace of mind knowing they are carrying out your wishes as you intended. They won’t have to wonder what you would’ve wanted—your plan will tell them everything they need to know.
Do It for You
Estate planning is also a form of self-care. By creating an estate plan, you ensure your wishes are honored should you become unable to make decisions yourself.
Consider the following questions an estate plan can address:
- How would you like your assets to be distributed?
- Who will make health care and financial decisions on your behalf if you are no longer able?
- Who will care for you in the event of illness or disability?
- How would you like your pets to be cared for?
Leverage Your Plan
Your estate plan is a powerful way to show your love for Murray State University. To learn more about ways a gift in your estate plan can make an impact, contact Dr. David Durr, CFA, CFP® at 270-809-6912 or ddurr@murraystate.edu.