The life and health of Westies improved:
Leaving a Legacy- Your Gift of Support
Summer, 2005
The Foundation Board believes that
over the long term our greatest
financial support will come from
those of you who remember the
Foundation in your wills.
Consequently, we offer you the
following information:
|
1. YOUR WILL - A PRICELESS PRIVILEGE
|
One of life’s privileges, and perhaps
that which is most ignored, is the
making of one’s will. Every adult of
sound mind may make a will and
thus determine how his or her assets
will be distributed after death.
Nevertheless, some 70% of those who
die each year do so without a will.
Probably no other document you will
sign in your lifetime is as important as a will.
|
2. YOUR WILL - WHAT CAN IT DO?
|
A will gives you control as to how
your assets will be distributed and
who will oversee that distribution.
Through a will, you are able to avoid
unnecessary expenses in the administration
of your estate, reduce your estate taxes, provide for the people
who are close to you, and support
charitable causes such as the Westie
Foundation of America, Inc. A will
allows you to shape the legacy you
leave for the future.
|
3. YOUR WILL - OR THE STATE LEGISLATURE’S WILL
|
For whatever reason, those seven out
of ten Americans are, through
default, in effect permitting their
state legislature to “write” a will for
them.
The laws of individual states provide
an inflexible method and procedure
for the disposal of property of those
who do not have wills. To put it
another way, the state legislature has
written a “will” for each person,
although each person has the choice
to make his or her own, personal will.
|
4. MISCONCEPTIONS: ONLY RICH PEOPLE NEEDS WILLS
|
Quite the contrary. In fact, those who
are not rich are usually those whose families may be hurt most by their
failure to have a will. As an example,
the laws of most states provide, in
the absence of a will, more adequately
for children than for the
surviving spouse. Not to be overlooked
is the fact that many people
are worth more than they realize
when they take into account their
home, personal property, savings, life
insurance, retirement benefits and
securities.
The above are some of the reasons
why you should have a will. What
follows are reasons why you should
remember the “Westie Foundation of
America” in your will.
Our Westie Breed will go on long
after we are no longer here. By its
very nature, the Endowment Fund
will also go on after we, too, are no
longer here, assuring that your gift to
the Westie Foundation will outlast all
of us and the Westie breed will not
outlast your gift.
All assets left to the Endowment
Fund remain there. Only the income
derived from your gift will be spent
on Health Research and Education.
Thus, your gift remains intact into
perpetuity.
Bequests to the Endowment Fund
will be a major source of revenue to
the Foundation in the future. A
strong endowment will mean that in
the future our Westies will be
healthier as a result of the research
funded by the Foundation.
By remembering the Westie Foundation
in your will, you can continue to
provide income for it in perpetuity. A
bequest is an ideal way to ensure that
this organization — THE ONLY
NATIONAL FOUNDATION DEDICATED
PRIMARILY TO ADVANCING
THE HEALTH OF WESTIES —
will continue to serve the needs of the
breed into the future.
All the assets left to the Westie
Foundation of America, Inc., are
removed from your taxable estate
thereby reducing the estate bill your
heirs must pay.
There are several thousand little
White Affection Givers that are the
best reason of all to remember them
in your will.
Many of you knew Nancy Schoch
when she was alive. Nancy remembered
her little White Friends in her
will.
Please remember them in yours.
|