Surprisingly, more than half of Americans don’t have a will—arguably the most important document in an estate plan.
The consequences are serious. Without a will, a probate court decides how to distribute your assets. Judges do their best to follow state laws, but your actual wishes remain a mystery. This can mean your hard-earned assets go to the state or distant relatives, leaving loved ones with expensive complications and uncertainty. And, for those passionate about giving, it may also mean that the causes you cherish, such as education, disaster recovery, or gender equality, are left out altogether.
At Turkish Philanthropy Funds, we believe your legacy should reflect your values and vision for the future. That’s why, during Make-A-Will Month, we encourage you to take the first step in shaping a future that reflects your wishes and strengthens the causes you hold close.
Common Myths About Estate Planning
Myth #1: I’m too young.
You can create a will at 18. As soon as you have property, children, or valuable belongings, a will ensures your wishes are honored and your loved ones are protected.
Myth #2: I don’t have an estate.
An estate isn’t just mansions and stables. It includes everything from your bank accounts and insurance to family heirlooms. Without a plan, decisions about who receives them are out of your hands.
Myth #3: It’s too complicated.
With today’s resources, estate planning is more accessible than ever. Attorneys, advisors, and even affordable online tools like FreeWill.com can help you create a plan with ease, even remotely.
Myth #4: All I need is a will.
Other important documents, like a Power of Attorney and Health Care Proxy, ensure your loved ones can make decisions on your behalf when it matters most.
Myth #5: My family knows my charitable wishes.
Your heirs may have different priorities. By naming TPF or one of our vetted partners in your will, you guarantee your philanthropic vision continues, supporting the causes you believe in long after you’re gone.
Why This Matters
Estate planning is not only about distributing assets. It’s about protecting loved ones, reducing their burden, and ensuring your life’s values are carried forward. By including TPF or TPF partners through TPF in your estate plan, you create a legacy of generosity that invests in the future and empowers generations to come.
This August, I invite you to take this important step. Whether your estate is large or small, your legacy can be a force for lasting change.
At TPF, we believe every legacy is unique. That’s why we offer personalized guidance. Visit our Planned Giving site to learn more about leaving a legacy, or reach out directly to our Director of Philanthropy, Pinar Ozyurek, to schedule a conversation. We are here to guide you every step of the way.
