Estate planning is for everyone, regardless of age or economic status. It’s a must for those who want peace of mind, knowing their estate will be distributed according to their wishes.
A good estate plan will help you anticipate how you’d like to be remembered in the future. It is your best means of ensuring your intentions are clear and helps your heirs understand your wishes. In addition, by including Glenbeigh in your estate plans you make an impact on the future of addiction treatment and meet your financial goals through a planned gift.
While most estate planning is straight forward you need to make critical decisions. Glenbeigh recommends a professional estate planner, or family attorney, help guide you through the process. Estate planning is a testament. It impacts future generations and affirms your wishes and the legacy you want to leave behind.
Estate planning can be as easy as writing a will, but can also involve trusts, changing beneficiaries of life insurance policies and changing the beneficiary of retirement plans such as 401(k), 403(b), IRA or pension plans. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
A gift designated in your will or revocable trust proclaims your confidence that Glenbeigh will continue to serve our mission and provide excellent patient care. Below are some sample bequests that can be easily added to your estate plans.
RESIDUAL BEQUEST LANGUAGE
(The remainder of your estate is left to Glenbeigh after all expenses and specific bequests are paid.)
I give and devise to Glenbeigh, located in Rock Creek, Ohio, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for a specific purpose).
SPECIFIC BEQUEST LANGUAGE
(Name Glenbeigh as a beneficiary of a specific amount from your estate.)
I give and devise to Glenbeigh, located in Rock Creek, Ohio, the sum of $____ to be used for its general support (or for a specific purpose).
CONTINGENT BEQUEST LANGUAGE
(Glenbeigh can be named as your beneficiary if one or more of your specific bequests cannot be fulfilled.)
If (insert name) is not living at the time of my demise, I give and devise to Glenbeigh, located in Rock Creek, Ohio, the sum of $___ (or all or a percentage of the remainder of my estate) to be used for its general support (or for a specific purpose).