Everybody needs a will
Whether you’re 18 or 108, everyone should have a will in place. People use wills to choose who gets their property, name guardians for minor children, provide a plan for pets, and more.
Through a will, many people also choose to leave a part of their estate to Knox College and make an impact on the causes they love, for years to come.
Why give in your will?
Common gifted assets in wills and trusts
- Financial accounts
- Real estate
- Brokerage accounts
- Crypto and NFTs
- Personal property
Make your will online – for free!
Knox College has partnered with FreeWill to offer an online estate planning tool that makes it easy and cost-free to make your plan. In as little as 20 minutes, you can help support our mission for future generations.
Estate planning checklist
Ten important documents to get your affairs in order.
Sample bequest language for your will or trust
This language may help you and your attorney as you consider a gift that will meet your financial and personal goals.
When it’s time to update your will, you can use a codicil—an addition or supplement that explains or modifies your existing will.
Planned gifts help to fuel Knox’s mission
We depend on the generosity and commitment of donors who play a vital role in providing sustained financial support for our mission. Planned gifts, such as bequests or gifts from your will, impact the lives of our students and our world for many years to come.They help us make a Knox education affordable to deserving students or all financial means.
Mary Lu Hudson Aft ’60 and Dick Aft ’60’s story
“If it hadn’t been for the investment that others made in our education, we couldn’t be pictured here. Now, it’s our turn,” say Mary Lu and Dick Aft.
“Knox has been an important part of our lives since our first date in early 1958. We plan to continue our support for our lifetimes. Then, our planned gift will endow a scholarship that will be available for generations of future Knox students. So much was done for us, it’s the least we could do, and should do, for others.”
Some years ago, Mary Lu and Dick talked with their three sons about their wills. For years they had assumed that some day each of their adult children would receive one-third of their assets. Reflecting on the meaning that Knox had to each of them, Mary Lu and Dick discussed their idea of “rounding one-third” from 33 1/3% to 30% so that they could leave 10% of their estate to Knox. Everyone agreed on the importance of what they could all send to future Knox and family generations by doing this. Although, only Mary Lu and Dick attended Knox, their entire family has, and continues, to benefit from their years there.
Frequently Asked Questions
Yes! Gifts of any size are deeply appreciated. Many people choose to leave a percentage of their estate, which scales up or down with your estate size.
We’ve partnered with FreeWill to help you make a will or trust at no cost to you. You can use this to complete your plans, or you may choose to use the same tools to get your affairs in order before visiting an attorney (who is likely to have a fee associated with finalizing your plans).
Yes. You are always free to revise or update your estate plans.
Yes! FreeWill will never share your personal information without your permission.
Yes. Knowing in advance about your intentions helps us to ensure that your gift is used as you desire, but you can remain anonymous if you prefer not to share the details of your gift.
More ways to make an impact
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.