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For individuals without children, what strategies or plans do you have for managing your assets after your passing?
How do you intend to allocate or distribute any remaining funds or possessions?
Are you considering charitable donations, setting up trusts, or any other methods to ensure your money supports causes or individuals that matter to you?
Your insights on estate planning, legacy goals, or any unique approaches you’ve adopted could be valuable for others in a similar situation.
Does this capture what you had in mind?
WendyA few suggestions that are outside of the box to donate to:
1. Children of incarcerated parents that want to go to college or trade school.2.Angel Tree is a great organization for children of incarcerated parent.
They buy a couple small gifts for children at Christmas and send children to church camp in the summer.
What a gift for children who are often forgotten.
3. Set up a fund at an orthodontist office for less fortunate children that need braces and parents have no way to pay for it.
4 medical research- our nephew we are raising has a rare genetic enzyme disorder that is not researched.
5.Set up a charity that helps kids get school clothes and supplies for school.
6.Sports camps for children or pay for children that want to play on a competitive travel team.
There is a very large group of kids that have incarcerated parents and the kids are the ones that miss out on opportunities other kids get.
These kids fall through the cracks.
My brother is incarcerated and has 4 children that we as the family are trying to provide for and hopefully break the cycle.
These kids are a forgotten group in society because of their parents mistakes.
CraigI’m planning to bounce the check for my coffin.
JulieMy daughter’s boyfriend’s family was gifted a large sum to be used for family gatherings each year all expenses paid including airfares, etc.
they are so excited and it includes about 20 people.
They will for sure be raising a glass to him for years to come and I think it’s lovely to leave a legacy of family spending time together
Robert1/2 of it goes to the University of Utah; as financial aid for needy students.
The other half goes to younger cousins of mine.
(First cousins once removed).
MarkDogs get taken care of and charity I support. Oh, I have kids but they not in my life anymore and not by my choice.
They have no idea how much I’m worth.
LeslieJust for an alternative perspective. I know a few people in my area who have left their estates to their long term care givers.
These are usually neighbors or good friends (not hired professionals) who have become like adopted family.
In time you might developed relationships like that.
ShaneGiving a house to a long time tenant who maintains it, pays on time and nothing but best.
A friend another property for saying something nice to me that brighten me right up.
Two properties towards my mother.
One to live in and the other as investment.
She can’t handle to many numbers.
Sell the rest and split it to my mother if she is alive and half of it to BACA.
Bikers Against Child Abuse.
JeffreyI have a living revocable trust set up and the beneficiary organizations will be rewarded handsomely.
Very much better than a mere will because it sidesteps probate.
GrönI have 3 sisters, 6 sister-children, and two sister-child-children… So far…
My SO have one sister who wants children…
If my investments blow up and the numbers get to big I can give a part of it to cancer research, animal shelters or enviromental charities.
Dying with leftover money is a problem I’m not worried about
AnnI have volunteered for the humane society for 18 years. I have to say I won’t be leaving them money.
They receive so many state grants, grants and donations.
Most if the money doesn’t benefit animals.
Very sad to say.
The smaller rescues struggle and actually put their heart and soul into the animals.
They do not get as many donations and spend every penny on animals.
AllisonPlan to have enough to cover all my expenses and funning and die with zero
If my calculations are off and there’s something leftover, I want to fund a giant doggy toy pit to be filled with tennis balls, oinking rubber pigs, and stuffed honky squeaking hedge hogs (think McDonald’s ball pit) for the shelter dogs to get to dive into and select their prize.
I want to fund replanting endangered tree species and comprised forests after weather events or disease so all the wild animals have home and habitat.
LaceyIf I die tomorrow (or before spending it all), my mom and my boyfriend will inherit most of my assets 50/50.
And my best friend is the primary beneficiary of my 401k.
For all the “I’m gonna die with zero so I’ll spend it all before I go folks” — remember, you don’t get to pick when you go.
Could be tomorrow, could be next year, could be 50 years.
Plan for your estate and currently desired beneficiaries accordingly, and remember that you can always change as your life and relationships change (estate plans are not set in stone).
MikeDo something like Ben Franklin did. Put money away for a city he loved. The money was used to loan out to citzens and then used every 50 years for city improvement.
SarahUhhh I’ll be spending it before I go lol! I want to make sure I have a good plan for any pets I might have, then probably some to nieces/nephew and the rest to the ACLU.
AnnieI’ll split it between my 2 nieces and nephew and then donate a portion to cancer research/ to help pay for people’s medical expenses.
FaRibaNone of my parents or my husband’s parents offered or could offer us any money for our schools, wedding, or our kids.
It would have been nice to get a break once!
I do hope & pray at some point in my life I could leave something for my 2 boys and my dog
LaceyGive it to a close friend or family member, someone who has stood by you. Surprise them with it– it.might change their life.
KimSeveral kids at my old grade school have had outstanding lunch bills at the end of school for the last several years… my 90 year old Dad has paid that bill for them
KimberlyThere will be money leftover for animals I might have at the time, money to the caregiver of them, and the rest to a few different rescue/shelters.
TonyI plan give to some family, and friends I enjoy the company of personal trainer etc.
This way their entire family line should be set for life.
I don’t even like kids and I don’t really believe that family is only blood related.
SonyPart of it will be Trust funds for my subling’s kids (no more than 50%). Charity funds will be majority of it.
Not there yet, but it will be the plan
MichelleThat’s what we’re trying to figure out. Neither of us have nieces and nephews either. Might leave some to friends kids and then charity.
I love monkeys and told my husband I want to build a monkey sanctuary.
It’s fun to dream about the good you can do even after we pass.
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