Frequently Asked Questions

An estate plan is a crucial legal structure that every adult should have, regardless of age or wealth. It's designed to provide clear directives on how your personal and financial assets will be managed and allocated after your death, ensuring your wishes are honored and efficiently executed.

An estate plan can include one or several legal documents, often encompassing a will that outlines how your assets should be divided and a trust, permitting a third party to manage your assets on behalf of your beneficiaries. It may include a beneficiary designation form for assets such as life insurance policies and retirement accounts.

In your estate plan, you will specify who will inherit your assets, such as financial accounts, stocks, life insurance policies, personal property, and real estate. This plan ensures these assets are transferred to the correct individuals or organizations according to your wishes.

Absolutely. Many individuals choose to create a lasting impact by leaving a gift in their will or trust to organizations they hold dear. It's a considerate way to support vital initiatives beyond your lifetime, such as the Florida Elks' community service, youth programs, and veterans services.

• Reflection of personal values: Your will or trust allows you to make a bequest that aligns with your cherished values, enabling you to leave a legacy that resonates with your beliefs and passions.
• Retention of asset control: You maintain total control over your assets during your lifetime. You can modify your gift if your personal or financial circumstances change.
• Tax benefits: Thoughtfully constructed estate plans can often leverage tax laws that help protect your estate assets. By lessening the tax burden, more of your assets can be passed on to your beneficiaries, including charitable organizations. This approach allows you to maximize your philanthropic impact while caring for your loved ones.

Once you've decided to include the Florida Elks in your will, the next step is to speak with your financial planner and notify the Florida Elks.

We would like to express our gratitude for your generous commitment. It is through the kindness of thoughtful supporters like you that we can continue our mission.

By incorporating the Florida Elks in your will, trust, retirement plan, or life insurance policy, you echo your values and contribute notably to the Florida Elks' long-term financial stability. Your thoughtful legacy gift will empower us to continue our impactful community work, fostering the growth of the Florida Elks as a nationally recognized organization.