Couple Gives Back to Union College Family
Jeremy and Marcia Ashcraft '07 Nordmeyer protected their son Calvin, prevented a huge headache before major surgery, and have given the gift of flexibility to Union College, all by updating their estate plan.
Through their family experiences and having to bear the grief of loved ones passing away, the Nordmeyers have witnessed the benefits of having a will and consequences of not having one. "We certainly appreciated it when questions were answered and wishes spelled out in a will," Marcia proclaimed.
"Whenever someone would die we would say, ‘We have to update our will,'" said Marcia. "Then we had Calvin, our son, and it became even more important to update the will."
Marcia and Jeremy discussed on several occasions what their wishes were if they both died, but they didn't put anything down on paper. "We chose a guardian for our son but did not have that written down," Marcia recalled. "We never want Calvin to be the subject of a custody battle so we formalized our wishes by updating our will."
Marcia and Jeremy worked with Norman Zimmerman, the Kansas-Nebraska Conference Trust Services Director, on updating their will as well as their medical power of attorney and living will. "Having Norm there was helpful as he facilitated the conversation and affirmed what we already knew," stated Marcia.
As an ancillary benefit, having an up-to-date medical power of attorney and living will was very handy when Jeremy had surgery recently. "Having those documents meant we didn't have to scramble before Jeremy's surgery. The hospital requested them and it was one less headache we had to deal with."
While updating their will the Nordmeyers decided to include Union College as a beneficiary. After all of the bills from the estate are paid Union will receive a percentage of the remaining amount. Norm asked Marcia and Jeremy if their gift should go to something specific. Marcia, brainstorming aloud said, "What is the type of gift that LuAnn (Davis V.P. for Advancement) always says Union needs? Unrestricted, that's it. We will give our gift unrestricted!"
"I want my last gift to Union to be put to the best possible use, and right now I don't know what the college will need most the day after I die," Marcia clarified. "I want to give Union the gift of flexibility. If my gift pays for tater tots or helps with the electric bill, I don't care. Just so long as it helps the bottom line it's all good."
When asked why she and Jeremy included Union as a beneficiary of their estate Marcia explained, "I had a superb experience as a student. Very few of my friends who attended college elsewhere had as good an experience as I did."
"I feel like Union College helped to shape my life philosophy and clarify my long-term goals," Marcia further explained. "Why would I not give a final gift to Union College?"
Jeremy did not attend Union College but he has become part of the Union family. "Anytime he comes to a Union event he is treated like family, which goes above and beyond what you find in other communities."
Union College is committed to helping its alumni, friends and supporters like Marcia and Jeremy who include Union as a beneficiary of their estate, and will pay up to $750 toward their estate planning costs. If you would like information on how you can give Union College a gift through your estate please contact LuAnn Davis, Vice President for Advancement, at 402.486.2503 or email@example.com. LuAnn would love to help you get your estate plan up to date.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.