Start Your Legacy Planning

Legacy begins the moment you identify something you deeply value and want it sustained.

NATAL’s mobile units, providing emergency psychological support to trauma victims, could represent such a value. Israel will need these, not only now, but in the coming months and years.

Your wish to include NATAL as your “one more child,” to be valued and protected, ignites the Legacy Process.

Start The Conversation

As this thought process begin you may have many questions:

  • Who are my beneficiaries?
  • How much should I allocate?
  • How will the funds flow?
  • Which assets?
  • Do I involve my children or others?

Share with your spouse or close friend your thinking, listen to theirs. Once begun, the idea of sharing of your possessions after your lifetime takes hold. Start to create your vision and imagine what your impact can be.

Finally, include your Legacy gift as an agenda item on the meeting with your professional advisor.

Formalize

You have your lifetime to finalize your legacy plans but, like your will, it is important to put a basic plan in plan should it be needed.

Legacy Plans are revocable—they can be changed as personal circumstances necessitate. It’s good to know that if health care needs arise, the family requires extra help, or financial reverses come about, an adjustment can be easily made.

Most Legacy Gifts pass through a bequest, a designation in your will or trust that some percentage or amount from your estate will go to your chosen beneficiary. The assets used can include stock, bonds, real estate, or hard to value items. Designating a portion of your IRA for your beneficiary is tax savvy. You can also gift a life insurance policy, real estate property, or business interests. Your estate attorney and financial advisor are important partners throughout this process.

Fund

Three ways to fund your Legacy include a lump sum at death, a gift over a term of years [two, five, ten or even twenty], or a permanent fund which distributes annual income to your beneficiary.

Your bequest can be for a specific amount or a percentage of your estate. If your have three children, for example, you might choose to allocate 90% to them and 10% for your philanthropic causes. If your assets increase or decline during your lifetime, all of your beneficiaries are equally protected and benefited.

Designating a program area within NATAL or requesting that NATAL leaders choose their best use is strictly your decision.

Finally, your Promise becomes a reality and your funds can flow to all the people you love to protect and provide for their future.