Planning for the Future
By Tonya Hayes
June 9, 2020
At Victory Junction, we know the importance of a plan. However, when it comes to planning for your future, many individuals feel uncertain of where to begin or overwhelmed with the decisions that need to be made. Planning is important. And a few simple steps can provide peace of mind for you and your family. There are Three Basic Steps to creating your plan for the future:
Step 1: Build a Strong Foundation
At Victory Junction, we know when you create any type of plan, it’s important to start with the basics. When it comes to scaling our 55 foot climbing tower, the basics include a harness, helmet and clear instructions.In the context of estate planning, the basics include three planning documents:
1. A Will
2. Powers of attorney, and
3. Health care directives
These documents outline how your assets should be distributed and who should make decisions on your behalf, if you are unable. A simple statement included in your Will is all it takes to make camp part of your plan.
Step 2: Take it Step by Step
When climbing a 55 foot tower, many campers find slow and steady is the way to go. Similarly, estate planning is not something you must do all at once. Start by figuring out what you want to protect and what critical roles you want to fill. Then, as your circumstances change over time, you can go back to your plan and edit and revise.
Remember to also review your beneficiary designations on a regular basis. Keep in mind, designating retirement assets or life insurance to Victory Junction may provide a tax benefit to your estate.
Step 3: Have Support Along the Way
From the bottom looking up, the climbing tower may seem overwhelming. Having the support and encouragement of counselors and other campers can make all the difference in a camper’s efforts.
Many people put off estate planning because it too seems complex and overwhelming. However, you do not have to figure it all out on your own. To get started, find a local estate attorney or get a referral from your bank or financial institution. The right support makes the best plans possible.
Including Victory Junction in your plans for the future provides necessary support to ensure an amazing camp experience for all the children yet to come.
For more information about including Victory Junction in your future plans, contact Tonya Hayes at 336.495.2041 or thayes@victoryjunction.org.
