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Naming the Senior Center in Your Will
Posted on Friday, Jul. 13, 2018 at 2:59 pm
Preparing for the Future
According to a new study conducted by Caring.com, only 4 in 10 people have a will or living trust. The majority (81%) of that number is made up of those age 72 or older while only 58% of boomers have estate planning documents. So why don’t more adults feel the need to prepare for the future? According to those surveyed, 47% say “hadn’t gotten around to it” and 29% say “they don’t have enough assets to leave to anyone.” But are these worthy arguments for not being prepared? For not establishing legally who will get what when you pass away? It is extremely important to get one’s financials in order and establish who will be on the receiving end of your assets before you die. Otherwise, all of your assets may be left to the state or to a relative you would have had no intention of giving your last belongings to. Especially in this technological age, it is easy to write your own will with online websites. Two examples, with links below, are Nolo and LegalZoom. They both serve as resources for education and information, as well as providing a platform to draw a simple will. So if you can’t afford an attorney or don’t have the time to meet with one, at least define what goes to whom. When deciding, consider the people and places that have served and impacted your life. Consider, for example, the Madison Senior Center.
How to Name the Madison Senior Center in Your Will
Make a gift to the elderly community through your estate plans.
Have a Lasting Impact
Making a gift to the Madison Senior Center through your will or living trust is a simple way to support the free or low cost services provided by the senior center. If you are considering naming the Senior Center in your estate plans, we thank you for considering the future of our organization and those who benefit from it.
How to name the Madison Senior Center in Your Will
It is important to schedule a meeting with your attorney and add the correct legal language to your document when updating your will.
If you wish to name the Madison Senior Center in your will or estate plan, we should be named as:
The Madison Senior Center Foundation, Inc., a nonprofit corporation, organized and existing under the laws of Wisconsin, with principal business address of 330 West Mifflin Street, Madison, Wisconsin 53703.
Our tax identification number is: 20-3075846.
If you do not have an attorney or have not started a will check out these resources:
- Coalition of Wisconsin Aging Groups
- 501(c)3 nonprofit statewide legislative and legal advocacy, membership organization
- Aging and Disability Resource Center
- Provide information about services, resources and programs in your area
- Legal and estate planning resources from national organization whose stated mission is “empowering people to choose how they live as they age”
- Create simple wills, learn about assets, estate planning online
- An online legal company that provides legal solutions for families and small business-goal to make legal help accessible to average Americans