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Planned
Giving Five Questions about Your Will and Estate Planning Does my will respect my wishes? Your situation may have changed over the years and your estate has grown beyond your earlier estimate. Maybe you’ve changed your mind about some of your bequests. The more time passes and the more changes that occur in your life, the more you should consider bringing your will “up to speed”. Is my will valid? Have you moved to a different state since creating your last will? The laws may differ and your old will may no longer be valid. Or maybe you prepared your own will and missed something of vital importance, such as proper signatures and witnesses. Considering the importance of your last will and testament, it makes good sense to have a reputable estate-planning attorney review your current will. Is my will safely stored? Where do you keep the original copy of your will? Is it safely tucked away in a fireproof home safe? Or is it in a file folder somewhere or under the bed? This is a precious document and should be either in a bank safety deposit box or some other place where it is protected from fire and thievery. Does my representative know? After selecting a safe place to store your will, be sure to tell your personal representative where to find it. Imagine the frustration and grief of your representative being unable to fulfill your estate wishes because your will cannot be found.
There is a sixth question you might also
consider. When you pledge a bequest or planned gift to the Eugene Public
Library Foundation, you become eligible for membership in the Elma
Hendricks Legacy Society. Your name can be engraved on the Honor Board
in the Downtown Library lobby as you help ensure a bright future for
the Eugene Public Library. |
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