Your Will: Getting Started
Why do you need a will? Because it allows you to:
- Direct the division of your property the way you choose – not the way your state decides.
- Make special financial arrangements for your family members who are minors, disabled or unfamiliar with money management.
- Name a guardian for your minor children.
- Select an executor (personal representative) who is well-qualified to settle your estate promptly and economically, with careful attention to your wishes.
- Provide vital support for your favorite charitable institutions.
- Devise an estate plan, with the help of a qualified attorney and other advisors, to minimize the taxes on your estate.
- Just a few sentences in your will are all that is needed. Share the sample bequest language for the Alpha Sigma Phi Foundation with your estate planning attorney: “I, [name], of [city, state, zip] give, devise and bequeath to Alpha Sigma Phi Foundation, 710 Adams St., Carmel, IN 46032, [written amount or percentage of estate or description of property] for its unrestricted use and purpose.”