Meet Dr. Richard '61 and Maxine Hammel
The Hammels
Dr. Richard (Rick) '61 and Maxine Hammel of Peasanton, CA, became members of the Cretin-Derham Hall Legacy Society when they advised the school of their intent to include CDH in their estate plan. Rick shared his thoughts about estate planning in the following Q&A.
What prompted you to include CDH in your estate plan?
I chose to include CDH in my estate plan because CDH-and the University of Minnesota-were major influences in my life and in preparing me for whatever the future held. In the case of CDH, I believe my three years there helped me make it through the University of Minnesota curriculum.
How would you characterize the estate planning process?
The estate planning process was, at least in my case, very straightforward. My wife and I pretty much knew where and how we wanted our estate to be divided. The estate planner we used was very helpful.
What is your advice to others who may be contemplating estate planning?
My advice to others would be to--as the old Nike ad used to say--"Just do it!" All of us should at one time or another sit back and think about what helped us achieve whatever it is that we have accomplished in life. Thoughts should include people, places and, when appropriate, things. In my case the places/things that helped me in my life journey were the schools I attended: CDH and the University of Minnesota. Had I not had the opportunity to pass through these two institutions, I would never have achieved the successes in life that I have been fortunate enough to have achieved. Thus, both institutions have been included in my estate plan.
To learn more about estate planning, please contact Rob Bollinger at (651) 696-3343 or rbollinger@c-dh.org.
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. California residents: 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. Oklahoma residents: 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. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.