If you have limited or uncomplicated assets and only a few heirs, you may think there is no need to go to the trouble of writing a will or creating an estate plan.

However, even if your affairs are simple and straightforward, your will is the way for you to say how you want your estate distributed and your affairs managed when you are no longer here. Your will provides other opportunities beyond just making sure your wishes are clear. 

With a will you can: 

• designate who will care for your minor children if you die; 
• document other detailed arrangements, including leaving specific items to certain people;
• manage or avoid probate, the legal process of distributing your assets after you die;
• appoint a guardian for loved ones or even your pets; and, 
• include charitable contributions to organizations like Bellarmine that have been meaningful to you. 

Writing a will can give you the type of peace of mind that comes from knowing your affairs are in order. The process can be relatively simple and inexpensive. You may be able to create a basic will on your own using a do-it-yourself kit or online service. However, it is important to make certain that your will is in proper form to be legally binding in your state and meets your specific needs. 

While you are working on your will you may also want to consider a living will or a medical power of attorney. These specialized documents allow you to specify your wishes for medical care if you are unable to make decisions for yourself. 

No matter how much or little you have, it is important to have an estate plan in place. A will is an essential part of your estate plan and can help to ensure that your wishes are carried out after you are no longer here. 

Please contact us directly at 502.272.7031 or sself@bellarmine.edu to request a FREE estate planning guide or to learn about the many ways you can support Bellarmine with your estate plan.