August is Make-A-Will Month, a time to reflect on the importance of preparing for the future both for yourself and those you care about. Creating or updating your will is one of the most impactful steps you can take to ensure your wishes are honored and to ease the burden on your loved ones during a difficult time.
Why Having a Will Matters
A will isn’t just for the wealthy, it’s an essential tool for anyone who wants to have a say in how their personal belongings, financial assets, and charitable intentions are carried out. It allows you to:
- Clearly specify beneficiaries, whether they are family members, friends, or charitable organizations
- Avoid potential legal complications or disputes among heirs
- Reflect your values by supporting causes and communities that matter to you
Updating your will regularly is just as important as creating one. Life changes, such as marriage, children, retirement, or the loss of a loved one, may mean your estate plan needs to change too.
What Is Planned Giving?
Planned giving is a thoughtful way to leave a charitable legacy. It allows you to make a significant impact by including nonprofit organizations in your long-term financial or estate plans.
The most common type of planned gift is a bequest, where you designate a portion of your estate to a charitable organization through your will. Other forms of planned giving include charitable gift annuities, beneficiary designations from retirement accounts or life insurance policies, and charitable trusts.
Planned giving is not just for the wealthy, it’s for anyone who wants to make a difference in a way that’s meaningful to them. Even a modest gift can have a lasting impact.
Why Consider Planned Giving?
There are many benefits to incorporating charitable giving into your estate plan, including:
- Leaving a legacy that reflects your life, values, and passions
- Supporting important causes and organizations that matter to you
- Helping ensure the future of programs and services that benefit others
- Potential tax advantages for your estate and heirs
Most importantly, planned giving gives you peace of mind, knowing that your generosity will live on.
Make a Difference with Sun Health Foundation
For more than 60 years, Sun Health Foundation has been a trusted nonprofit partner in supporting health and wellness across the West Valley. Through community support, we’ve been able to fund advancements in medical technology, expand wellness programs, and improve access to care for thousands.
By including Sun Health Foundation in your estate plan, you help ensure that these vital programs continue to grow and serve future generations.
We’re Here to Help
Whether you’re beginning your planning journey or revisiting your will, Sun Health Foundation provides a variety of free online resources to help you explore your giving options and create a plan that aligns with your goals. Visit: sunhealthfoundation.planningyourlegacy.org.
For further discussion or any questions, please contact [email protected] or call (623) 471-8500.
Your plan. Your legacy. Your impact. Take the first step today. A little planning now can make a world of difference for the people and causes you care about tomorrow.
