How to Make a Will and Support FINCA
With tax season upon us, it’s a good time to think about tax advantageous plans for the future. Making a will is a good step to consider because you can designate FINCA as a beneficiary and save on taxes your heirs may have to pay. Also, your will can help your family avoid the time and expense of probate court proceedings, which can be lengthy and costly. This article can guide you on how to make a will for free.
However, despite its necessity, many Americans believe that composing a will can be time-consuming and not worth the effort. Another group of people are under a false impression that having an estate plan is a privilege reserved for the wealthy. As a result of these popular beliefs, over 65 percent of American adults do not have a will in place.
Fortunately, writing a will is no longer time-consuming or expensive. In fact, creating a will is simple and easy, thanks to technology. Online tools such as FreeWill drastically reduce costs typically associated with creating a will. Through FINCA’s partnership with FreeWill any adult can create an online legally binding will. The document can then be attested by witnesses and can even be notarized, if needed. The entire process can be completed in as little as 20 minutes.
Steps to Write Your Will and Make a Bequest to FINCA:
- Visit FINCA’s FreeWill page to start the process. Once there it will prompt you to start your will.
- Enter your name and contact information.
- Next page will ask you information about your children and whether or not you have pets.
- Then, it will ask you about your assets.
- You can designate FINCA and/or other nonprofits as beneficiaries. Making this decision means you are making a bequest to organizations that support causes that matter to you.
- Next, determine what percentage of your estate you’d like to go to who.
- You have the option of making funeral wishes.
- Once you’ve designated a will executor, you will complete the process. You can then download the document as a pdf to get it signed and notorized as needed.
Over time, you can use FreeWill to amend your will and revise your selections. As you examine your plans, review the executors you appointed to carry them out, confirming that you still trust the designee and that they can carry out your wishes.
Benefits of Making a Will
In some ways, writing a will is like buying a life insurance policy. It can save your loved ones from stress and uncertainty after your passing. It also allows them to take legal ownership of your assets quickly and easily without having to go through complicated legal processes. Our team is available to guide you through how to make a will for free.
A will allows you to establish a lasting legacy by supporting your favorite nonprofit organizations. One way to contribute to solving global challenges, even after your lifetime, is by donating a percentage of your will to a nonprofit organization. It costs you nothing, and you can rest assured that your legacy will be preserved by supporting a cause that you care about. You can use FreeWill to start a generous bequest to FINCA.
FINCA recognizes the benefits of estate planning because every family. Regardless of wealth, everyone should have a will for their peace of mind and to secure the financial wellbeing of their loved ones. Wills can be used for a lot more than just deciding who receives your assets and property when you pass away. With a will, you can appoint guardians for young children, leave directions for digital assets, identify caretakers for your pets, describe your funeral preferences, and more.
If you already have a will, make sure to review it every couple of years and update it with any new assets or changes to your wishes.