Estate Planning Can Help Individuals Leave Donations, Gifts

June 16, 2009

A woman in Wichita recently left a large monetary gift to single mothers in the city. The amount was so much that each year the sum brings six-figures in interest alone. The most surprising fact, however, is that the donor wished to remain anonymous.

The woman left all of these details in her will. Many individuals and families do not realize that not only family members and friends are referred to in wills and estate documents and that they can provide extremely specific detail about the distribution of assets.

Many wealthy individuals and families leave large donations to charitable organizations in their names, so that their legacies can live on and they can make differences in the lives of the living. However, many others want to remain anonymous and these wishes can be kept if they are legally documented in a will.