Beneficiaries

[Guest]

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[Kiva Kiddo]

:yes:By the time that some of us leave this mortal coil, we may have substantial funds invested in Kiva loans.  I suggest that you come up with some sort of beneficiary designation to either release the funds (as they are repaid) to either a Kiva Foundation or to the lender's estate or named beneficiary.  Since I'm not a lawyer, I hardly know what to ask.  I would like for the funds that I have in Kiva to keep on giving long after I'm dead and gone.  Sooner or later, this question is going to come up for real.

[Wood Fairy Glenda]

Hi, Kiva kiddo, and welcome to the Forum  There's a thread on this subject: http://www.kivafriends.org/index.php/topic,866.msg5808.html#msg5808.  I haven't yet to do this in my own case and would very much like to.  Still looking for a good legal answer.  If you find one please let the rest of us know.

[AccountAbility]

Welcome, Kiva Kiddo, to Kiva Friends. (Even if it is now taking me several days to cover all the new posts.) I would second Wood Fairy's referral to the thread on that. 

And since your post was addressed to "you", I want to clarify that we all are friends but this site has no official connection to Kiva.org.  The relationship is loose and informally connected.  To quote Joe the webmaster, "Now this forum, and anything else we come up with, is approved by Kiva, which is deeply appreciated."

So while a number of their staff listen here (and occasionally even post), Kiva is still "they" on this forum. 

Dan

[miGIRLS]

I asked this once, maybe directly. A simple designation field or two in our personal information would do. Like on a mutual fund site, we just fill in the beneficiary or two, and an alternate. I might put my child first, then Kiva.org. It's that simple, really. Or perhaps 50% to my child, 50% to Kiva.org.

Don't forget you can name Kiva.org in your will! Or put them as a beneficiary on your designation with your IRA account, mutual fund, etc.

A "Designated Beneficiary" field on Kiva's website would be in their best interest, or the money will all go to the estate.