Your will and other basic estate planning documents allow you to establish how you, your family, and those you care about will be provided for in the future. It is important to periodically review these documents to ensure that they reflect your current circumstances and long-term financial and philanthropic goals. While there are no absolute rules for when you need to review your estate plan, there are several situations that typically call for a review.
A marriage, divorce, birth of a child, or death of a spouse are MAJOR LIFE EVENTS that warrant a thorough review of your estate plan. Other life events that may also require a review include moving to a new state, receiving a notable inheritance, gaining new dependents, and retiring.
Year-to-year CHANGES IN THE TAX CODE AND ECONOMY may affect the value of your assets, and how you want to use or direct your assets.
In order to be most effective, your estate plan requires regular maintenance. If it has been a few years since you have looked at your will, NOW is a good time to make sure it is up-to-date.
As you review your estate plan with your advisor, we ask you to consider how including a planned gift to HSS can help you achieve your personal and charitable objectives.
We invite you to learn more about planned giving at HSS and how to make the Hospital part of your legacy. Contact Samantha Delson at 212.774.7527 or DelsonS@hss.edu to discuss how you can include HSS in your estate plan.