This upcoming September 11th marks the 18 year anniversary of the terrorist attacks that shocked and devastated the world.
Although the nation has since commenced the healing process, many victims of the attacks are living with lifelong illnesses as a direct result of the attacks. Research tells us that approximately 33,000 first responders and victims have at least one injury or illness, while around three-thirds have multiple injuries and chronic illnesses.
Did you know that planning to include charities and charitable giving through your estate planning, both in life and in death, can have a significant, positive impact on your plans? Whether this is by creating the legacy you wish to leave to a cause you care about or creating a vehicle for a tax structure that will benefit your estate, these are just a few of the ways that you may help others through your estate planning. As we remember those who lost their lives and continue to suffer as a result of the September 11th attacks, let us share with you some information about ways you can help provide support to victims.
First, have you heard about the September 11th victims fund?
At the end of July, the U.S. Senate passed a bill to ensure a fund that compensates victims of the September 11th terrorist attacks will not run out of money until at least the year 2092. This passage comes after administrators reduced the benefit payments that victims receive by as much as 70 percent. To help provide support, we encourage you to notify those you know who may benefit from this important piece of legislation and stay updated about any potential changes to the bill.
Second, have you considered making a monetary donation to a September 11th related charitable organization?
The National September 11th Memorial and Museum, Tuesday’s Children, and the Families of Freedom Scholarship Fund are a few notable organizations that provide resources and programs to those directly affected by the attacks. Even if you do not wish to make a monetary donation, you may consider visiting the memorial, sharing information about the resources available to survivors and the families of victims, or volunteering your time with one, or more, of these organizations.
Lastly, know that you can make a gift through your estate planning.
It is possible for you to intentionally leave a gift to specific survivors, families of victims, or charitable organizations through your trust plan or through a charitable bequest in your last will and testament. If you choose this option, however, do not wait to talk to an experienced estate planning attorney about how to effectively leave a gift through your estate plan.
These are just a few of the ways that you can give back to September 11th victims and their families. Do you need more ideas? Do you have your own ideas that you would like to share with us? Do not wait to contact us.