The start of a new year means a fresh slate. For many people, the new year begins with a list of goals — things we want to accomplish that improve our lives and the lives of others. One important task to add to this list: updating or creating your estate plan.
Why It’s Important
An estate plan allows you to plan for the future. You can create the legacy you want to leave, ensuring your family is protected well into the future. Without these documents, the laws of your state will determine how your assets are divided after your lifetime. This may leave out people and organizations that are important to you.
How to Get Started
There are many ways to start planning for the future. The first step is finding the team you need to be successful. A financial advisor and estate planning attorney can help you create a plan that meets your needs and goals.
Time for an Update?
If you have already created your estate plan, take time this year to make sure it is current, especially if you have experienced life events such as:
A change in marital status for you or someone in your family
A new child
The loss of a loved one
A move to a new state
The desire to make an impact at organizations like Children's Aid in the future
Make Children's Aid Part of Your Legacy
When you include a gift to Children's Aid in your estate plan, you ensure your support for our work continues into the future. Contact Danny Stern at giving@ChildrensAidNYC.org or 212.949.4936 to learn more.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website (www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 117 W. 124th Street, 5th Floor, New York, NY 10027. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or 212.416.8401. For Financial Reports and State Registrations outside of New York, click here.