08/28/2026
Last week, neighbors filled the Bainbridge Island Senior & Community Center for an afternoon on Estate Planning and Philanthropy with BCF's Jim Hopper and recently retired wealth planner Kristi Matheson. Attendees learned that an estate plan isn't just a form you file once and forget, but a living set of instructions, and more importantly, details matter.
Kristi reminded us that many people think they've planned around needing a will, and most haven't. And the folks you name today may not be the right ones a decade from now.
A few important things worth considering during your next document review:
- Beneficiary designations can override your will, so review them regularly.
- Washington's estate tax starts at $3 million, and smart giving can trim that, like leaving a taxable IRA to charity instead of your heirs.
- At 70½ or older, you can give up to $111,000 a year straight from your IRA, tax-free, through a qualified charitable distribution.
- Be sure to revisit your plan after any big life change.
It’s never too soon to review your estate planning documents, and consider leaving a lasting legacy through charitable giving or even joining BCF's Red Cedar Council.
Learn more at https://bainbridgecf.org/legacy-giving
Special thanks to the Bainbridge Island Senior & Community Center for hosting and thank you to Kristi for bringing her wealth of information to our guests.