Your Will: Getting Started
What Your Will Can Do
Why do you need a will? Because it allows you to:
- Direct the division of your property the way you choose—not the way the 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. Learn more about making a gift to us through your will.
- 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. The official legal bequest language for University of San Diego is:
I give (insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate") to the University of San Diego, a California nonprofit corporation, located at 5998 Alcala Park, San Diego, California, 92110-2492, for its general use and purposes. The University of San Diego tax identification number is 95-2544535.
I give (insert dollar amount, property to be given, percentage of the estate, or "the remainder of my estate") to the University of San Diego, a California nonprofit corporation, located at 5998 Alcala Park, San Diego, California, 92110-2492, to support (insert designation or purpose) at the University of San Diego. The University of San Diego tax identification number is 95-2544535.
Everyone needs a will, no matter if he or she is young or old, sick or healthy, single or married.
If you leave this world without a will, your assets will be distributed according to state law and your wishes will not be fulfilled. Likewise, having an outdated will also means that your current intentions will not be carried out. So when change occurs in your life, remember to update your will.
|Learn more about basic estate planning.|
Contact your estate planning attorney for more information on wills. To learn how to include a gift to us in your will, please contact John A. Phillips at 619-260-4523 or email@example.com.
Getting Started | 4 Steps to Your First Will | Case Study | When and How to Update Your Will | What Your Will Can't Do | How to Find an Estate Planning Attorney | Action Items
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.