Charitable Trust - ESSENTIALS IN ESTATE PLANNING

MLN Charitable Trust

The Missouri League for Nursing (MLN) Board of Directors is pleased to announce this program to assist you in making decisions regarding donations to charity. The MLN is a 50lc(3) organization and qualifies as a "public" charity by the IRS. Your contributions will assist MLN in meeting its mission to support the delivery of quality health care by nurses and other health care providers through education, collaboration, and information.

ESSENTIALS IN ESTATE PLANNING

A Will - At your death, a will tells your personal representative how to distribute your assets to other people or to a charity. Without a will, the laws of the state where you reside determine how your assets are distributed. (NOTE: If you are considering a charitable gift, think of the advantages of designating it by your will during your lifetime-the bequest is private, changeable at any time, and does not deprive your assets or income you may need or want.)

Power of Attorney - A simple or general power of attorney permits the holder of the power to act on behalf of an individual for a time-limited period or may be a limited power of attorney authorizing power for specific activities. A durable power of attorney permits the holder to act on behalf of an individual upon incompetence of the grantor.

Living Will or Health Care Proxy - A living will allows you to articulate your beliefs on life-sustaining measures and a health care proxy allows you to name a trusted individual to make health care decisions for you if you are unable to do so. The health care proxy is used only for medical purposes.

Revocable Living Trust - an important part of your estate plan. Since it is established when you are living, you can change the terms of the trust partly or completely during your lifetime. Assets in the trust are not part of your will, and they will be transferred according to the instructions in the trust document.

This information is being provided as a service and should not be construed as legal, tax, or financial advice. Please consult your tax consultant and your attorney for legal advice regarding your specific situation and for the preparation of any legal documents.

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