Solid Answers to Common Questions About Wills

The Christian Health Foundation can assist you with estate planning by providing solid answers to common questions about wills.

Why do I need a will?
Many people underestimate the value of their estate. When calculating your net worth, include the face value of insurance policies, retirement benefits, and the value of your home. If you don’t have a will, the State of New Jersey will determine the guardianship of minor children and the recipients of your assets.

What happens if I don’t have a will?
State laws will direct what will be done with your assets. Unfortunately, these laws do not take into account your personal values, goals, family situation, or needs. A will allows you to decide who will become the next steward of the resources God has entrusted to you.

Is an estate plan the same as a will?
A will is a legal document that specifies your plans for your property. It is the foundational document required for most estate plans. Estate plans may also include trusts and durable powers of attorney for finances and health care.

Learn more about planned giving and ways to support Christian Health by contacting Scott Sheldon, Director of Development, at (201) 848-5799 or ssheldon@chccnj.org.