Where is Your Will?

Do you know where your will is? More importantly, do your loved ones know?

Having a will or trust in place is the most loving gift you can give to your heirs.

They will seek out your official instructions at a time of great sadness and stress. Here’s how you can make a difficult time easier for them:

1. Make sure you have an up-to-date will or trust that reflects your values and your relationships with family, friends, and causes close to your heart.
2. Keep the original signed document, along with a copy, in a secure and easily accessible location like a fireproof safe (not a safe-deposit box — banks have strict rules on who gets access). Your estate planning attorney may also offer to store it at their office as they have the means to safeguard your confidential information.
3. Tell your executor or personal representative the location of your will or trust. Share the location of your safe and its combination or key, or give them the contact information for your attorney.

Do You Know…

Have you been asked to be an executor or personal representative? If the answer is yes, show your loved one the list above so they can ensure their wishes will be followed and their loved ones’ minds will be at ease.

More than half of Americans don’t leave a will or trust. That means frustrating legal hurdles, unanswered questions, and hurt feelings for millions who are also mourning a profound loss. Don’t be one of them.

Tip: Blue, Not Black

When you sign your estate planning documents, use blue ink. Then make copies in black-and-white only. That way, it is easy for you and your loved ones to tell the original from a copy.

We’re Happy to Help

If you have questions about the best ways to ensure your loved ones know your plans, and if those plans include leaving a legacy gift with Loyola Marymount University, contact LMU Gift Planning at 310.338.7526 or giftplanning@lmu.edu.