Benefits of Creating a Will
Do you have a will?
Unfortunately, many Americans have never prepared a will, and consequently have less of a say over what happens to their estate when they die. There are many good reasons to prepare a will:
1. To control the disposition of your property at death to family, friends, and other intended beneficiaries in the amounts and proportions of your choice, rather than using formulas determined by law.
2. To name the personal representative (an executor/executrix) to supervise the settlement of your affairs.
3. To name a guardian for your minor children, aged parents, or other legal dependents, and at the same time to waive potentially costly bond and accounting requirements, which would be imposed if you died without a will.
4. To save estate and inheritance taxes in light of the current tax law, as well as to reduce other expenses associated with death (court costs, attorney's fees, bond requirements, etc.)
5. To exercise responsible citizenship by providing for charitable enterprise and the advance of human well-being through organizations such as those represented by the nonprofit organization.
For the protection of your loved ones, please consider creating a will to dictate your final wishes. Please let us know if you would like information about naming Belmont Technical College in your will or if you have already made provisions for the College.
