Oklahoma Baptist Homes for Children

Neal Wooldridge

a word from Neal Wooldridge
Vice President for Planned Giving

Don't Do This

Your will is one of the most important documents you will ever sign.

There are certain things to avoid in order to do it right. Here are five of the more critical "don'ts" to consider:

1.  Don't put it off until later.

The worst thing you can do in creating a will is to procrastinate. You can keep waiting for a more convenient time, but the years have a way of slipping by. A will delayed is a will not done. Now is the time -- while you are able -- to do your will. For your sake, and the sake of your loved ones, do your will now.

2.  Don't do it by yourself.

Saving a few bucks by writing your own will, or using a mass-produced generic form, will not provide the level of inner peace and confidence you and your family deserve. Nothing can replace the benefits of a face-to-face meeting with a good estate-planning attorney who asks the right questions and who knows how to draft a will that meets the specific requirements of your state of residence. Seek out a qualified attorney and have your estate plans done right.

3.  Don't rely on it solely.

Your will needs to be considered along with other transfer documents, such as life insurance policies, joint-ownership accounts and retirement accounts. Other estate-planning documents might include: power of attorney; Revocable Living Trust; appropriate health care provisions; and a living will. Again, a good attorney can help you coordinate your planning and provide added assurance that everything you need is prepared legally and according to your wishes.

4.  Don't put it away and forget about it.

Senior adult man trying to remember somethingThings change. Children grow up. New laws are passed affecting estate planning. New developments occur regarding health issues and financial resources. An outdated will could create more problems than it solves. It's a good idea to get out your will every year and review it. Make sure it does what you want. Keep your will current.

5.  Don't put it where no one can find it.

A will is worthless unless it can be located and duly recorded at your death. Yet nearly every day someone dies with a "lost" will. Be sure to put it in a safe place, but also let someone else know where it is. Tell one or more loved ones or a trusted friend. A little foresight like this can spare your family added stress during their time of grief.

We at OBHC want you and your loved ones to be protected with a good, up-to-date estate plan. If you need help in finding a qualified attorney in your area, we will assist you in any way we can.

We also want to remind you that an estate gift to OBHC can make a positive statement to your family and friends regarding your priorities . . . as well as make a tremendous difference in our future work. Thank you for remembering OBHC as you plan or update your will.

We have an excellent brochure about wills and planned giving that is yours for the asking. Use the button below to request the brochure or call our Vice President for Planned Giving, Neal Wooldridge at (405) 570-9836 or e-mail Neal Wooldridge.

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