Happy Wednesday!!! Spring appears to be seminar season for FLP, and it’s keeping us happily busy. Jason is speaking tonight at Tri-County’s Adult Ed. Program and I will be presenting Estate Planning Basics as the Norfolk Public Library on Thursday, April 30th at 6:30. We also have other various programs we are hosting in May, including Legal and Financial Strategies for the Recently Divorced. Be sure to check out our website for more details and updates!
We love presenting in particular because it allows us to get out in the community and be creative. As such, this week we are discussing how you can be creative in your estate plan.
Recently, former North Carolina basketball coach, Dean Smith, left a surprising bequest in his will. Smith gave $200 for every letterman that he coached over his 36 season career! The intent, he wanted them to, “enjoy a dinner out compliments of Coach Dean Smith.” The Players received a note from Smith’s Attorney along with the $200.00 check for a special dining experience. 184 varsity letters were tracked down in all and the estate paid out over $35,000! That’s quite a dinner party!
The lesson, you can leave any amount to any person for any purpose! If there is a cause that you care deeply about, or somebody that you would like to provide for, do not be afraid to do so! Sometimes something as simple as a dinner can brighten somebody’s day. So, go ahead, get creative. What cause or what person would you like to provide for? The possibilities are endless.
Until next time,