A recent article in the Wall Street Journal reported that PNC Advisors in Pittsburgh conducted a survey that revealed a surprising result: The wealthier you are, the less likely you are to protect your assets. It found that among individuals with at least $500,000 in investable assets, one in five does not have a will, whereas among individuals with $10,000,000 or more in investable assets, 43% do not have a will.
I didn’t know Jean Smith, but I wish that I had. From what her friends have told me about her, she sounds a lot like my high school English teacher, Helen Langley, who was a real motivator who gave me a love for the English language. Jean was a slight woman, but as we all know, sometimes small packages can yield valuable gifts. That’s what Jean Smith was, a real gift to those who knew her.
Why Do They Call It “Planned Giving”?
By: Allen Kennedy, Endowment Committee Chairman
When I was in about the third grade, I had that experience that we all have at least once when we’re about that age: I had waited too long to start a school project. I can’t remember now whether it was a Tennessee salt map or a science project—it really doesn’t matter—I had waited too long, there simply wasn’t enough time to get it done, and I knew I was in deep you-know-what. So I did what every normal American kid does, I went to my parents to get help for the fix that I had created for myself.
Premise:
The entire realm of planned giving is becoming more known in the general population as one generation known for its hard work and modest lifestyles plans for an unprecedented transfer of wealth to the next generation. Both the giving and the receiving generations are in great need of assistance in this transfer.
PERSONAL
RECORDS AND INVENTORY
For
[Type NAME here]
Updated [Type DATE here]
CONTENTS:
PART I INVENTORY: CONTACTS, ASSETS, DOCUMENTS AND LOCATIONS
1. Personal Details
2. Important Documents
3. Immediate Family Members
4. Real Property and Substantial Assets
5. Advisers
6. Insurance Policies
7. Financial Assets & Liabilities
PART II PLANS AND INSTRUCTION UPON DEATH OR SERIOUS INJURY
8. Things to Do Upon Death
9. Final Arrangements and Desires
10. Other Special Obligations
Grid for responses included in downloadable Word document.
Newsletter Articles: Overcoming Will Barriers
Planned Giving Brochure Booklet: Parntering in Faith Across Generations. Produced by Bradley Hills Presbyterian, Bethesda, MD