Understanding Estate Planning: Securing Your Legacy
Why Estate Planning Matters
Estate planning goes beyond drafting a will; it is about protecting your assets, minimizing taxes, and ensuring your wishes are honored. A well-crafted estate plan provides peace of mind, knowing that your loved ones will be cared for and your legacy will continue as you envision.
How to Start Your Estate Planning Journey
Begin by gathering necessary information and documents, such as the value of your assets and your intended beneficiaries. To help you get started, download our estate planning guide, which provides a roadmap for documenting your assets, beneficiaries, and other key details.
Estate Planning and Philanthropy
Incorporating charitable giving into your estate plan allows you to leave a lasting impact on the causes you care about, with potential tax benefits. Consider these options:
- Bequests: Specify a gift to a charity in your will, such as a specific amount, percentage of your estate, or particular asset.
- Donor-Advised Funds: Set up a fund now to recommend grants to your favorite charities over time.
For those considering including WKNO in their estate plans, your gift ensures that future generations benefit from our educational and cultural programming. Download our guide to learn more.
Moving from Planning to Action
Once you have outlined your wishes, formalize your estate plan with the help of legal professionals. To create or update your will, visit WKNO's Giving Docs for a user-friendly platform that ensures your estate plan reflects your current wishes and provides for those you care about.
Keep Your Estate Plan Updated
As life changes—through marriage, the birth of a child, or changes in financial circumstances—it is important to revisit and update your estate plan to ensure it continues to meet your needs. If you have any questions about estate planning or need further guidance, do not hesitate to contact us. By planning today, you ensure your legacy lives on, providing for your loved ones and supporting the causes you value most.
Best regards,
David Warren
WKNO Public Media Donor Advisor
dwarren@wkno.org
901-729-8701
7151 Cherry Farms Rd.
Cordova, TN 38016