Have You Notified Your Beneficiaries?
Naming a loved one or a favorite nonprofit in your estate plans or as a beneficiary of a life insurance policy or retirement plan assets is a heartfelt way to make a lasting impact. Go one step further and tell those beneficiaries about the choices you’ve made.
Many people and charities aren’t aware that they have been named to receive a gift. Informing them helps preserve your intentions and ensures that your beneficiaries are able to follow your wishes.
Protect the people and causes you love by following these simple steps:
1. Review your beneficiary designations periodically. Life changes and so might your decisions about who should receive your assets.
2. Alert your beneficiaries that you have a life insurance policy or have named them in your will or as a beneficiary of a retirement plan.
3. Share the location and details of the policy or plan with them.
As you update your beneficiary designations, consider making a gift of a life insurance policy or retirement plan to a LifeSpire of Virginia community so that we can continue our mission of providing for seniors in need. Then notify us of your decision so that we can carry out your wishes as intended and thank you for your gift.
We Want to Hear From You
If you have already named a LifeSpire of Virginia community or the Virginia Baptist Homes Foundation in your estate plans or as a beneficiary of a life insurance policy or retirement plan assets, please contact us at (804) 521-9213 or email [email protected] today. If you are still creating your estate plan, we would be happy to answer any questions you may have about making this type of gift. For more information visit https://vbh.planmylegacy.org/beneficiary-designations
Content courtesy of Stelter – our partner in Legacy Giving