Estate and Gift Planning
Create a Legacy That Lasts for Generations
Estate planning, which is the preparation of tasks that manage an individual’s financial situation in the event of incapacitation or death, is a crucial step for adults at any stage of life. Whether you’re a young adult just starting out, middle-aged, or enjoying your golden years, estate planning is important.
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Charitable giving in estate plans enables you to leave a lasting legacy. It’s not just about the wealth you’ve accumulated but also about the values and causes you wish to support beyond your lifetime. This can be particularly meaningful for those passionate about specific issues or organizations. By including charitable giving in your estate plans.
Support students beyond your lifetime
Make a significant gift without affecting current finances
Potential tax benefits
Join a community of visionary supporters
Plan Your Gift
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First off, what is an estate plan? Simply put, it’s a collection of legal documents that outline your wishes regarding your assets (like your home, car, savings), your health care decisions, and, if applicable, the care of any dependents, such as children or elderly parents. It typically includes a will, a durable power of attorney, and health care directives.
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One common misconception is that estate planning is only for the rich. Not true. Regardless of the size of your estate, you have belongings, an you likely have opinions about who should receive them or how you want to be cared for in a medical emergency. Estate planning ensures your wishes are known and honored.
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If you have a spouse, children, or other dependents, estate planning is non-negotiable. It’s the best way to ensure they’re provided for in your absence. Without an estate plan, the state decides who inherits your assets and who cares for your dependents, which may not alighn with your preferences.
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If you’re single, you might think estate planning isn’t necessary. However, it’s especially important. You need to designate who will handle your finances and health care decisions if you’re unable. Plus, you’ll want to decide who receives your assets, whether it’s family, friends, or charities.
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Without an estate plan, your assets go through probate, a time-consuming and public legal process that can be stressful for your loved ones. A well-crafted estate plan, especially one with a trust, can help avoid probate, speeding up the distribution of assets and keeping your affairs private.
The Price-Mills Legacy Society
Impacting generations, one legacy at a time
The Price-Mills Legacy Society, named for William Pierce Price, the founder of North Georgia College, and Hugh M. Mills, Jr., the first president of Gainesville State College, honors alumni and friends who have made documented bequests in their wills or other planned gifts in support of University of North Georgia and its mission.
Making a bequest or other planned gift is easy to arrange. Contact Directors of Estate & Gift Planning, Jeff Boggan or Wendi Huguley to learn about the variety of ways you can make your mark at UNG. Choose today to make a difference!