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A Guide to Making Your Will.pdf

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© The Stelter Company The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Indiana University Foundation Office of Gift Planning Services Post Office Box 500 Bloomington, IN 47402 812-855-8311 or 800-558-8311 iufoundation.planmylegacy.org Ask your attorney about a living will and a durable power of attorney in case you become incapacitated. Why Leave Charitable Gifts in Your Will? Bequests allow individuals to make larger gifts than they could during their lifetime to support our work. In addition, gifts through a will are flexible— they can be changed as individuals' circumstances in life change. You Can Revoke Your Will Note that one of the articles in your will is "revocation of prior wills and codicils." Relationships and situations change. You are free to alter your will with a codicil or to change your will entirely at any time. If you have a prior will, ask your attorney what to do with it to avoid confusion about which version is most current. We want to work with you to create a gift that best fits your circumstances and our needs. To learn more about including a gift in your will in support of IUPUI, please contact us today. Typical Components (Articles) of a Will Your attorney may suggest other components, but be prepared to talk about these items so you will be in a position to have a document drafted that accomplishes your wishes. ✓ Revocation of prior wills and codicils ✓ Name of executor ✓ Payment of taxes and administration of estate ✓ Payment of debts ✓ Specific gifts ✓ Residuary estate ✓ Common disaster

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