Wills and Wishing Wells

Toss a coin in a fountain and make a wish. If you're thinking about your future and what would happen should you die, you might say: "I wish that my brother, Tom, would handle my estate."

Or perhaps, "I wish Aunt Etta would take care of my daughter." Or maybe, "I wish that any estate taxes would be kept to a minimum." You might also say, "I wish to give a portion of my estate to the Owen County Community Foundation and other charities I care about."

 

Wishes, wishes, wishes -- that's all they are. And tossing coins into a wishing well won't help. The only way you can be sure of these things -- to change them from wishes to certainties

-- is to prepare a will or other appropriate estate-planning document.

 

A will is a way to make your wishes come true. In it, you list what you want to happen: Who will represent you through the process of probate? Who will care for any minor children? Who

will look after any trusts? Who will receive your estate? What charities will benefit from your estate?

 

A will, properly prepared, lets you sleep better at night. It makes your family rest better, too. 

 

Wishing wells may be fun for some things, but not when it comes to estate planning. When you're dealing with your estate assets and various responsibilities it's far better to "toss a

coin" toward a qualified attorney who can help you do things right. Granted it will take more than a penny or two, but the certainty and satisfaction you receive will far outweigh any

cost.

 

Your Owen County Community Foundation is committed to helping our Owen County communities become better places to live, grow, and work. We value charitable spirit and community involvement. In our work, we find ways to carry out the wishes of our donors and often their wishes are clearly spelled out in a will and in an agreement with your OCCF to ensure that those wishes will come true.

 

We’ll be glad to help get you started on the process of planning your giving. We have free Will Kits available and can give you the names of qualified attorneys in the area who can work with you to prepare a will to make your wishes a little more official than throwing a coin in a well. Give me a call at 812-829-1725, email me at mark@owencountycf.org, visit us online at www.owencountycf.org, or stop by and visit us in person at our office on the south side of the Courthouse Square in Spencer at 60 E. Market Street.

 

When you stop in, say hello to Suzi Summerlot who has returned to the OCCF to help out in the office. Welcome back Suzi.

 

Your OCCF will be closed on Monday, January 21st, in honor of the Reverend Martin Luther King Jr.

 

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