Planned Giving Myths Dispelled
Myth: Wills are too morbid
Fact: Wills aren’t about doom and gloom. Making sure your family and loved ones are properly looked after isn’t morbid at all – it’s sensible and caring. A will is all about making sure everything is in place when you do, eventually, pass.
Myth: Wills are only important if you have a lot of money or property.
Fact: This is false. There are many reasons to have a will. Not only can you indicate who inherits your current assets (and future assets you may not be aware of yet), but you can also nominate guardians for your minor children, determine who manages your estate, express your funeral wishes, and support your favorite causes in order to leave a legacy.
Myth: My family knows what I want, so I don’t need a will.
Fact: Your family might know what you want, but they do not get to make decisions for you if you don’t write them down in a will. The government does, and often slowly, while costing money from your estate. And the end result may not be what you intended.
Myth: I’m not old enough to make a will
Fact: None of us know how long we are going to live for. We all hope and plan to live a long life, but there aren’t any guarantees that we will. A will is an opportunity to take control of an uncertain future by making plans now that will protect your loved ones and give you and your family peace of mind.
Myth: Writing a will is a long, complicated, and expensive process.
Fact: Creating a will is relatively inexpensive and very affordable given the assurance it gives you to know that your affairs have all been put in order. The process is simple and straightforward and your will can be put into place in a matter of a few days.