When and How to Update Your Will
When to Update Your Will
Here are some circumstances that make it vital to update your will:
- You want to name a different executor, trustee or guardian.
- Your assets have significantly increased or decreased in value.
- You've moved to another state.
- Your situation or a beneficiary's situation has changed. Has your family changed because of marriage, divorce, birth, adoption or death?
- You want to include a gift to us in your will. Consider leaving us a percentage of your estate or the balance remaining after bequests are distributed to your loved ones.
- The estate tax laws have changed. Check with your estate planning attorney to make sure your estate plan is up-to-date with any federal estate tax law changes.
When changes occur in your life, remember to update your estate plans for assets not controlled by your will. For example, you may need to change beneficiary designations on your retirement plan assets or life insurance policies.
How to Update Your Will
Step 1: Get a copy of your current will.
Step 2: Mark the areas you'd like to change.
Step 3: Meet with your estate planning attorney to draft and prepare your new document.
Step 4: Consider discussing changes with us if they may affect RSNA Research & Education Foundation.
Contact your estate planning attorney if you have additional questions on updating your will. If you are considering including a gift to us in your will, please contact Shelley Taylor at 630-590-7773 or firstname.lastname@example.org .
Share the sample bequest language for RSNA Research & Education Foundation with your estate planning attorney:
I give, devise and bequeath to Radiological Society of North America (RSNA) Research and Education Foundation, a 501(c)(3) charitable organization having its principal offices in Oak Brook, Illinois:
the sum of $___________.
____ percent of my estate.
all (or ___ percentage of) the rest, residue and remainder of my estate.
This gift is to be used to further the charitable purposes of RSNA Research and Education Foundation at the discretion of its Board of Trustees.
The Radiological Society of North America Research and Education Foundation Taxpayer Identification Number is 15-0539115.
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.