Should Estate Planning Be Called Life Planning?
The truth is, distributing your assets after your lifetime is called estate settlement. Deciding in advance how you want this done is estate planning. So now what comes to mind when you hear "estate planning"? Maybe your home, car or retirement account?
Perhaps a better term for estate planning is "life planning" or even "in-case-of-emergency planning." When you don't plan your estate, you are taking a risk by not having your paperwork in order. After all, many of us never get around to it. Most estimates show that half of all Americans die without a will, and that means the state in which you live will dictate how your property is distributed.
That's why OHSU Foundation is reminding you to take the first step in planning your estate by learning how to create or update your will. It is the single most important legal document you can own, and with the help of a good estate planning attorney, it may be easier to set up than you think.
|Find tips for creating your will in our free guide.|
Thank you for considering a gift to OHSU through your will or revocable living trust.
It is important that the bequest designation read "OHSU Foundation." The foundation has been established to receive, manage, and disperse funds in the best way possible for the benefit of OHSU.
Basic Sample Bequest Language
"I hereby give, devise and bequeath ________ (a specific dollar amount or percentage of the residue of my estate) to the Oregon Health & Science University Foundation, a non-profit corporation of the State of Oregon, to be used to further the purposes of the Oregon Health & Science University in the area of greatest need."
If you wish to direct your gift to a specific area, we would be happy to help you with appropriate language. Please contact the Gift Planning Department at 503-228-1730 or 800-462-6608 or email@example.com.
Oregon Health & Science University (OHSU) Foundation (Tax ID # 23-7083114)
1121 SW Salmon Street, Suite 100
Portland, OR 97205-2020
A will not only protects your family's future, but it can also protect our future if you decide to give a portion of your assets to OHSU Foundation. Please contact Office of Gift Planning at Toll Free 800-462-6608 or 503-228-1730 or firstname.lastname@example.org for more information.