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 Our Development Department at 212.606.1196 or development@hss.edu to discuss how you can include HSS in your estate plan.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance. A copy of our most recently filed financial report is available from the Charities Registry on the New York State Attorney General’s website (www.charitiesnys.com) or, upon request, by contacting the New York State Attorney General, Charities Bureau, 28 Liberty Street, New York, NY 10005, or us at 535 East 70th Street, New York, NY 10021. You also may obtain information on charitable organizations from the New York State Office of the Attorney General at www.charitiesnys.com or (212) 416-8401.
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