One of the least favorite and most important discussions to have with your family is what happens when we pass. While it sounds morbid, it can be one of the most amazing and empowering conversations you can have. After the conversation, here are the best practices for moving forward with a planned gift:
Meet with your family lawyer, estate planner, financial institution, or financial advisor. All of these entities have somewhat different language, but writing your designation(s) is important.
Include the following information: Sun Prairie Public Library Foundation, 1350 Linnerud Drive, Sun Prairie, WI 53590 Federal Tax-ID: 39-1988151
IF you wish to notify us of your designation, please contact Theresa Stevens, firstname.lastname@example.org to be included in our Legacy Society.
Not Just for Perennials
We often think of planned gifts, wills, and end-of-life decisions occurring in our golden years, but more people create wills in their late 20's-40's as they experience life changes such as marriage and children. While these age groups don't typically think of themselves as having much to give, naming a percentage of benefits, 401k, savings or other investments after funeral arrangements can greatly help guide those who will manage accounts.
Someone shared, "A person dies three times. The first is the physical death. The second is when the body is returned to the earth. The third is when someone stops saying or remember our name." Planned giving allows you and your memory to live on, giving purpose and support to what you enjoyed in your lifetime.