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Home >> When Your Estate Plan is Not About Your Family

When Your Estate Plan is Not About Your Family

November 30, 2015 by Andreas Kulas Leave a Comment

When Your Estate Plan is Not About Your FamilyWhen you think about your estate plan you probably think about your money, your family, and how you might want to fairly distribute inheritances to your family after you die. But estate planning is not always about your family. For many people, the question of how to distribute inheritances is not so much about how to distribute them between siblings, children, grandchildren, or stepchildren, but how to distribute them between the charitable organizations or other recipients that are not related to you. Today we are going to take a look at what issues you might need to consider when your estate plan is not only about your family.

Estate Planning and Charities

Many people want to donate to charitable organizations through their estate plan. Whether it is a charity with which they have worked in the past, a religious organization they may have been a part of all their lives, their alma mater, or any other charitable organization, donating to charities through your estate plan is not usually difficult.

In most situations, a simple inheritance plan can allow you to donate to one or more charities in a variety of ways, such as by leaving direct donations through your will or living trust. In other situations, additional tools may be needed.

Estate Planning and Causes

For those who want to contribute more to causes rather than individual charities, a charitable giving plan that relies on one or more types of charitable trusts is often the better alternative. Through charitable giving plan you create one or more trusts that will be designed to give to organizations that protect causes or advance social issues about which you feel strongly. Charitable giving plans can create organizations that support such causes for years, or even decades, after you are gone.

Estates, Inheritances, and Your Family

In the end, choosing how you might want to distribute your estate after you die is entirely up to you. Only you know whether you want to leave some or all of your property to your family members, or choose alternative recipients such as charities or other worthwhile causes.

As a word of caution, it’s important to note that your inheritance decisions are, for all intents and purposes, already made for you if you don’t create an estate plan of your own. Every state, including Florida, has laws that predetermine who will inherit your property after you die, and in most situations your property will go to your spouse or closest family members should you die without an estate plan.

On the other hand, if you choose to create an estate plan, you can leave your property to whomever you like as long as that plan meets any necessary legal requirement.

Filed Under: Estate Planning

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Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

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Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family.

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"Everyone treated us extremely well.  Robert explained how a trust works and the benefits of having one.  We decided to move forward and complete the process.  He was very kind and knowledgeable.  Julie was also very helpful and very patient with our questions.  We felt very comfortable with this firm handling our affairs.  We would highly recommend this firm to our friends and family."

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Janice M
Client Review
August 25, 2020
    

Robert Kulas and staff made making a will an easy to understand process. They were very knowledgeable and attentive to my wishes. All my documents were provided in an organized binder which will be a great asset to my family. I would definitely recommend them.

default image
Krissy L.
Client Review
August 25, 2020
    

I have worked with Mr. Kulas & staff before. And they are very professional. I am very satisfied with Mr. Kulas and his staff and give them the highest satisfaction and 5 star rating.

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Leo C.
Client Review
August 25, 2020
    

Mr. Kulas and his staff have been extremely helpful & knowledgeable for the over 3 years we have been associated. They are easy to talk to and explain everything without feeling rushed. Very competent and professional.

default image
Mildred W.
Client Review
August 25, 2020
    

I have known Robert Kulas for 20 years since I was co-executor for friends who had Mr. Kulas prepare a Trust for them. When I felt I needed a trust also, I came to him. I have always been completed satisfied with his work and that of his charming, competent staff.

default image
Joan C.
Client Review
August 25, 2020
    

We began our estate plan process in 2004 (12 years ago) and have been pleased with the periodic reviews we have gone through and when changes have been needed the firm has been thorough and professional in making those changes.

default image
L.G.K.
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