St. Joseph's Indian School

Yours Mine and Ours.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. Denise Hyland Planned Giving Manager 1-800-584-9200 dhyland@stjo.org St. Joseph's Indian School P.O. Box 100 Chamberlain, SD 57325-0100 Remembering the Causes You Love When creating or updating your estate plans, don't forget the causes and organizations important to you. If you would like to include St. Joseph's Indian School in your future plans, please contact us to plan a gift that fits your family's needs and St. Joseph's Indian School. A will — The cornerstone of your estate plan, this document ensures your assets will be distributed exactly as you intend. Your will should also name a guardian for any minor children you have. Trusts — A trust allows you to make special arrangements for the management of your assets for yourself and others. Special trusts can protect assets for your children from a previous marriage and still provide for your new spouse. Be sure to ask your attorney if these special trusts are right for you. Durable and healthcare powers of attorney — A durable power of attorney designates a trusted individual to handle legal and financial matters on your behalf. If you are unable to make healthcare decisions, a healthcare power of attorney stipulates who will make these decisions on your behalf. A living will — This document articulates your wishes concerning heroic, life-sustaining measures. Ownership and beneficiary designations — Your will doesn't control the distribution of your entire estate. Jointly owned property with rights of survivorship generally passes to the surviving joint owner regardless of what your will states. The same is true for one-half of community property in several states. Life insurance, IRAs and other retirement plans are payable to beneficiaries you designate on the account. If you overlook these arrangements, you may upset your overall plans. Estate Planning Essentials

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