Setting up a memorial fund is one of the best and most rewarding ways to pay tribute to a loved one who has passed away, and to help keep their legacy alive. With a memorial fund, families can both preserve the memory of departed loves ones and make a true difference in their community.
There are many types of memorial funds. They can include those aimed at supporting causes or charities that were important to the deceased, or those dedicated to providing assistance to people who are going through similar difficulties or experiences as the departed. They could also be created to provide scholarships or financial assistance to talented young people, or to further the advancement of science or medicine.
Any way it is set up, a memorial fund can truly honor the person who passed away, focusing on the good they brought to the world, while also helping others.
The process can also help family members cope with their loss and grief by directing their thoughts and energy into something positive. It is not uncommon for family members to set up a memorial fund that can aid an organization connected with the deceased’s cause of death, such as those with a mission to raise money for the awareness or prevention of a certain illness.
In some cases, family members are already aware of the deceased’s wishes. This makes setting up a memorial fund much easier, especially if the family knows which organizations or charities the departed held in high esteem. If this is not the case, however, the family should consider those pursuits about which the departed was passionate. A memorial fund could be set up to promote art or help build a library, for example.
Start with the Right Estate Planning Attorney
Setting up and maintaining a memorial fund can be burdensome and time-consuming, and there are many factors to take into consideration before the fund can begin serving its purpose.
Families in Northern Virginia do not have to go through this process alone. With the help of an experienced estate planning law firm like the Law Office of Patricia E. Tichenor, P.L.L.C., family members can receive advice and guidance on gathering legal paperwork, contacting organizations or charities, and collecting and dispersing the funds. This framework can allow families to focus on other important aspects of setting up the memorial fund while knowing that all legal matters are promptly and properly promptly dealt with.
Attorney Patricia Tichenor is a specialist in the area of estate law and can assist with all matters concerning the creation and maintenance of a memorial fund. Contact her firm today.