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17 Reasons to Update Your Will

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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. Office of Planned Giving Brown University 401-863-9119 Planned_Giving@brown.edu Box 1893 Providence, RI 02912 Get the Help You Need To make sure your will accomplishes all you intend, seek the help of an attorney who specializes in estate planning. If Brown fits into your plans, we can help you choose the method that best satisfies your wishes and our needs. Simply contact us. The following components of your estate plan are distributed by means other than your will and may require additional strategies: Title arrangements. These can supersede the terms in your will. For example, you may hold bank accounts, securities or your home in a form of joint tenancy with someone else, which entitles the survivor to full ownership of that asset. Retirement plans. After your lifetime, retirement plan assets will be paid to the beneficiaries you have designated in the plan. Life insurance. Proceeds are payable to the beneficiaries you have named in your policies. Watch Out for Assets Not Covered in Your Will Use Your Will to Give Back Do you want to help shape our future after your lifetime? If so, there are many ways you can do this in your will. Here are some suggestions. 12 ] Give Brown a share of what's left in your estate after other obligations are met. 13 ] Give us a specific amount of cash or securities. 14 ] Leave certain personal or real property to us and allow us to decide whether to keep it or sell it. 15 ] Make a contingent bequest. That is, you give part of your estate to some individual if that person survives you; if not, then it goes to us. 16 ] Create a charitable remainder trust to pay an income to your spouse or other loved one for life, and designate the remaining principal for us. 17 ] Create a charitable lead trust to pay income to us for a number of years, or for another person's lifetime, with the trust assets eventually being distributed to your family.

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