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Posts Tagged ‘goals’
Estate Planning Dialogue
Friday, October 2nd, 2009
At times, discussions with family members and parents regarding estate planning may be stressful, emotional, and difficult. However, the discomfort cannot compare to the pain felt in dying without implementing estate planning strategies. When you rely on state governments to distribute your assets for you, your heirs may experience time delays and probate costs that may render them financially unstable.
So to ensure a life-changing and effective discussion, you must suggest a dialogue with your siblings or other concerned family members. Arrange a convenient location and time, choose a comfortable setting, and of course, limit distractions. It would also help to encourage an honest and open airing of goals and issues to stress that the discussion is very important. Most definitely, everybody must implement an effective plan to serve the needs and wishes of all.
This is a very challenging task especially for the elderly parents who are initiating the discussion. But this is needed to provide more control to the estate owner. All issues must be discussed and understood by every family member. They should also know the availability of legal documents including wills and trusts and use them as tools to have a successful discussion and ultimate peace of mind for everyone.
Tags: dialogue, discussion, elderly, Estate Planning, goals, owner, plan, probate, strategies, tools, trusts, Wills
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Description of a Planned Giving Volunteer
Thursday, August 13th, 2009
When you talk to existing planned giving volunteers, you would find out a lot of things about the association. Typically, these planned giving volunteers are well-read, they understand the non-profit’s strategic goals, and they’re educated in finance administration. Attracting good volunteers is always an on-going task in any nonprofit organization. In fact, the main task of the organization could be to determine what specific things they can offer to the volunteers in their area.
When a volunteer speaks from the heart and from experience, and he or she has already given a planned gift to the institution, then you have a very powerful spokesperson. This planned giving volunteer realizes the substantial donation value and understands the gift’s gravity. Based on personal success, they’re emphatic and inquisitive without being forceful. They’re able to communicate excellently to the benefiting community as well as to the potential donors.
Planned giving volunteers are powerful advocates that you can find for your organization. They’re the best way to exhibit humility and grace as they work with donors that make monumental gifts. These gifts will in turn continue the vital services of your nonprofit and provide you with a steady support source.
Tags: advocates, association, donors, finance, goals, nonprofit, organization, Planned Giving, support, volunteer
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Guide to Estate Planning
Monday, August 10th, 2009
Many would just watch their bills add up and portfolios dwindle. Because of this, it’s very tempting to put off future planning. However, experts caution that everybody needs to sit down in planning their estate.
According to the co-owner of a Seattle-based financial services practice called Sound Financial Partners, Debbie Whitlock, “Whether you’re debt-laden or wealthy, you should not just tell your loved ones how you want to handle your estate, you should put it into writing.” Also, estate planning is not just about distributing cash. It’s also making sure that your heirs don’t end up liable for all your debts. In addition, you would prevent your loved ones from being saddled with funeral costs without hope of reimbursement, or sometimes it could take years of lengthy court process before they are reimbursed.
Planning for your estate could also be a way for you to determine what your life needs and goals are. Do you want to ensure that your niece’s college education is paid for? Or do you dream of giving a trust fund to your favorite charity? Are you sure that you can still stay in your current house when your partner dies? These are questions that can be answered with estate planning.
Tags: Debbie Whitlock, estate, estate plan, Estate Planning, goals, needs, planning, Sound Financial Partners, trust
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