Stay in control through estate planning

In March, KMUW 89.1 (the public radio station affiliated with WSU) broadcast a story on the importance of estate planning. The program was entitled “Wills Prevent Confusion, Frustration” and can be found under “Media and News” on the WSU Foundation website (wichita.edu/foundation). The story included comments by Mike Lamb, WSU Foundation vice president for planned and annual giving, and highlighted the problems created when one dies without a will and the opportunities possible with planning through a will.

More than half of all Americans die without a will (in legal terms, dying intestate). Without a will, the laws of the state in which you lived direct how your estate assets will be distributed. Essentially, without a will, you give up control of your estate asset distribution. Now, let’s be clear about the term “estate.” Some believe that only those with very large assets have an estate. An estate is merely what you own at the time of death (house, car, bank accounts, etc.). All of us will have an estate. Through a will, you retain the right to decide how your estate assets are distributed, name the estate executor (or personal representative) and have the opportunity to make legacy gifts to your favorite charitable organizations.

Planned giving
website features:

  • An interactive will-planning wizard
  • E-brochures with six will-related topic options
  • Suggested bequest language
  • General estate planning tips

Go to:
wichita.edu/plannedgiving

While most Americans (80 percent) make lifetime outright gifts to charitable organizations, less than 10 percent make charitable estate gifts through wills or other estate plans. By including a provision for a gift to WSU in your will, you have the opportunity to extend your giving beyond your lifetime. A number of resources are available to assist in your consideration of a legacy gift, including experienced staff in the planned giving office of the WSU Foundation and through our new planned giving Web pages at wichita.edu/plannedgiving

Stay in control of the distribution of your estate assets through a valid will and consider including provisions for a charitable gift in support of the WSU program of your choice.

 For additional questions, please contact Lamb at (316) 978-3804 or mike.lamb@wichita.edu.

 

 

 
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Phone: 316-978-3040 | Fax: 316-978-3277 foundation@wichita.edu

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