Did you know that many people consider October the perfect time to review and evaluate their overall estate and financial plans? This tradition likely dates back to the early days when autumn was a time for harvesting crops and preparing for the future.
Today, those preparations include planning for retirement, taxes, insurance and other health uncertainties that may lie ahead. There is even a National Estate Planning Awareness Week observed during the third full week of October!
In addition to drafting or updating your will, living trust or various other planning documents or beneficiary designations, another important component of personal and financial wellness is a cornerstone of this process: How do you want to be remembered?
What will your legacy be?
Before drafting or updating legal documents that will control how your assets and estate are settled, reflect on the life that you have lived and the lessons you have learned and would like to pass on. Are there family heirlooms you would like to leave to specific family members or friends? Are there charities whose mission reflects your values?
Take time now to consider the people and causes you would like to support and the way you would like to be remembered. The plans you make should be reflections of who you are as an individual. Sometimes it will be beneficial to leave notes or instructions to loved ones, friends and even charities you wish to include in your long-range plans.
A special acknowledgement
Thank you for being a generous supporter of the Boys and Girls Clubs of East County Foundation— your contributions are positively impacting those we serve.
Contact Us
If you have already included us in your plans, please consider letting us know so we can thank and acknowledge you! Our Executive Director, Forrest Higgins, can be reached at 619-440-1600 or forrest@bgcec.org if you would like more information about leaving the BGCEC Foundation in your estate plans. Thank you!