You may choose write a preamble to your will – a testament or statement of your faith – in your will. It is a wonderful gift – an opportunity to leave your thoughts and parting words. In a difficult time for your loved ones, this can be such a comfort and powerful reassurance of your beliefs. Your preamble to your will can be as simple as your favorite faith passage, a personal story or a quote. This very emotional time for your loved ones makes an opportunity for your words of faith to be there most powerfully. It may provide deep comfort to your loved ones in their time of grief.
We also encourage you to consider a planned gift and join a memorable list of the Seminary’s most loyal friends who have provided for a legacy of significant support for SFTS in the future. These gifts help assure the continuing expansion and achievement of the Seminary’s mission and vision.
There are a wide range of opportunities for making such a gift, including bequests, annuities, life insurance, and trusts. Consulting your financial advisors is a necessary and appropriate step to determine how such a charitable gift will impact your current financial position as well as your estate planning approach.
How do you know when to change your will or trust? You should consider reviewing and amending your will under the following circumstances:
- A move to another state
- Acquisition of real estate or other assets in another state
- The death of a named guardian
- Named executor unable to serve
- Children grown/independent
- Family changes: births, marriage, divorce, deaths
- Change in financial situation
- Change in heirs’ situation or their incapacity
- Change in tax law
- Update charitable interests