1. Evaluate Your Finances
There's no time to lose—pay down debt and increase your savings. If you've dreamed of making a difference by supporting a favorite cause, consider a life income gift to balance philanthropy with future financial needs.
2. Review Your Insurance Needs
Sitting inside old desk files may be unneeded life insurance policies. Take a look at your family's future needs; long-term care insurance may make more sense now than large life insurance policies. Consider using policies you no longer need to make charitable gifts.
3. Enlist Legal Documents Now
Durable and health care powers of attorney allow someone you choose to make financial and medical decisions for you if you become unable to do so.
4. Check In on Your Will
Life has a tendency to sneak up on us, so it's important to take time to make sure your will still protects the people you love. And, if you're interested in supporting a charitable organization, a codicil to your will is a simple way to accomplish this goal.
5. Do What You Love
Indulge yourself with an exciting new
pastime. Or, consider volunteering with an organization close to
your heart, such as ours. You'll feel good about helping us carry
out our important work.
Certain charitable gifts made to East Tennessee State University Foundation can offer you tax and financial benefits. Contact Jeff W. Anderson, J.D. at 423-439-5352 or firstname.lastname@example.org to learn about options that may work for you.
Copyright © The Stelter Company, All rights reserved.
The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.