Life changes. The will you created years ago, or even just last year, may not reflect your current wishes and circumstances. But just because you need to update your will does not mean you need a whole new one.
Changes can be made to your will through a codicil. This should be prepared by a qualified attorney to ensure it is legal and lasting. A codicil amends your will, leaving all but the changed portion intact.
Use Your Will to Create a Legacy
One reason people may wish to change their will is to include gifts to the organizations and places you care about. If you are interested in supporting the UMBC Foundation, simply contact Kim Robinson to request a copy of our bequest language, which your attorney can use to make your gift.
Note: Some life changes, such as a move to a different state or a change in marital status, may require a new will to be written. Your estate planning attorney can help you decide which option works best for your situation.
Want to learn more about using your will to make a lasting impact at UMBC? Contact Kim Robinson at Kim.Robinson@umbc.edu or 410-455-3700 to start the conversation. We are happy to discuss the difference your future gift can make.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.