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How to Change Your Will

Leveraging Your Will for Your Legacy

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 Capital Public Radio, simply contact Joseph Martin 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.

Need Help?

Want to learn more about using your will to make a lasting impact at CapRadio? Contact Joseph Martin at joseph.martin@capradio.org or (916) 278-8933 to start the conversation. We are happy to discuss the difference your future gift can make.

CapRadio and FreeWill

A gift in your will leaves an extraordinary legacy of good and provides peace of mind and security for yourself and your loved ones. It can have an impact for generations to come and costs nothing today. Getting started is easier than you might think.

To make it straightforward, we've partnered with FreeWill to give you a simple, no-cost way to create and update your will online. The tool is free, whether you choose to include a gift to CapRadio or not, and can be used to create a valid will, or guide you through the preparation of your will before working with an estate planning attorney.

Click here to get started.

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A charitable bequest is one or two sentences in your will or living trust that leave to Capital Public Radio a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Sample bequest language is: "I, [Name], of [City, State, Zip Code], give [Particular Asset; Fixed Dollar Amount; Percentage of the Estate; or Description of Property] to [Capital Public Radio Endowment Inc. or Capital Public Radio Inc.]"

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to CapRadio or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to CapRadio as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to CapRadio as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and CapRadio where you agree to make a gift to CapRadio and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

First name is required
Last Name is required
Please include an '@' in the email address