Mona Tedford ('87) has fond memories of attending Minnesota State University Moorhead. Her time here included great professors, a supportive community and
friends that would last a lifetime. Being a member of the Delta Zeta sorority helped her transition into college life and meet some great people along the
way. "Some of those women are still my closest friends today," she said.
Because of her great experience at MSUM, Mona wanted to make a gift that would live on long after she was gone. She decided to give a future gift through
her estate plan, designating MSUM as a beneficiary of her retirement account. This was her favored way to give, because it ensured neither party would ever
have to pay taxes on it. "Making a future gift makes me feel warm, to think there will be something that happens when I'm gone," she said. "By making this
gift, there's a little string that will always keep me attached." She also knows the impact will be great to the students attending MSUM. "Because I gained
so much, it's only right to give back. There's going to be a Mona, someone like me, in the future that will benefit from this gift," she said.
While she admits thinking about making an estate gift can be a little intimidating, Mona encourages people to plan ahead and give where they feel compelled
to. Beginning a conversation about the future is the first step of the process. "Just don't be scared of the numbers," she said. "When you really think
about it, especially if it's a planned future gift, you can afford to give much more than you thought you could."
What are the benefits of an estate plan?
Peace -- An estate plan should give you peace of mind - knowing that important, and sometimes difficult decisions have been made to care
for you and your loved ones.
Provision -- An estate plan is designed to help you provide for both you and your family. With a good estate plan, you can give loved ones
the property you have acquired in the right way, at the right time and at minimal cost.
Protection -- A good estate plan will protect you in your senior years. It may be important to designate a specific person to manage your
property, help doctors and other medical staff with important decisions, and make certain that you are receiving the best possible care. An estate plan can
increase your lifetime security and also achieve your goals for family and charity.
If you'd like more information about estate plans, or to receive a free Will's Guide, please contact Mark Hensrud, development director for the MSUM Alumni
Foundation, at 218-477-4226 or firstname.lastname@example.org.
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.