Texas Christian University

17 Reasons to Update Your Will

Issue link: http://interactive.legacybrochure.com/i/837435

Contents of this Issue


Page 3 of 3

© 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. Texas Christian University Office of Gift Planning 817-257-7299 giftplanning@tcu.edu giftplanning.tcu.edu TCU Box 297044 Fort Worth, TX 76129 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 Texas Christian University fits into your plans, TCU's Office of Gift Planning can help you choose the method and designation that best satisfies personal and philanthropic 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 Create a Horned Frog Legacy Do you want to benefit students with scholarships? Do you have an interest in a specific school or college on campus? If so, there are many ways you can do this in your will. Here are some suggestions. 12 ] Give Texas Christian University a share of what's left in your estate after other obligations are met. 13 ] Give TCU a specific amount of cash or securities. 14 ] Leave personal or real property to TCU, allowing us to decide whether to keep 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 TCU. 16 ] Create a charitable remainder trust to pay an income to your spouse or other loved ones for life, and designate the remaining principal for TCU. 17 ] Create a charitable lead trust to pay income to TCU for a number of years, or for another person's lifetime, with the trust assets eventually being distributed to your family.

Articles in this issue

Links on this page

Archives of this issue

view archives of Texas Christian University - 17 Reasons to Update Your Will