Any person, regardless of age can make a lasting gift of gratitude through their estate. Planning an estate gift allows you to strategically accomplish both financial and charitable objectives. A legacy gift can be of any size and most commonly takes the form of a simple bequest in a will or trust that can complement your lifestyle and commitments today while supporting Resurrection Life Church Mid Michigan tomorrow.
Your gift in your will or living trust allows you to retain your assets during your lifetime
Bequests
- A bequest just takes a simple designation in your will or trust and costs nothing during your lifetime. They are easy and revocable if your situation changes. This is the most common form of a planned gift.
- Every bequest requires a will or a trust. When you establish or update a will or a trust, the possibilities for legacy giving are almost limitless. Choose the gift that is right for you.
Bequest A Specific Item Of Property
- A named asset such as your home, or an issue of securities is easily given through your will or trust.
Bequest A Specific Amount Of Cash
- A specified sum of cash can be given even if your assets are in another form. The non-cash assets will be liquidated, and the cash will be distributed.
Bequest A Specific Percentage Of Your Estate
- Often times, a person may choose to allocate a portion of their estate to more than one individual or charity.
Bequest The Remainder Of Your Estate
- After your loved ones are provided for, you may wish to give the remaining portion of your estate to the church.
Beneficiary Designation
- You may also choose to name Resurrection Life Church Mid Michigan as the beneficiary of a variety of assets, including insurance policies, retirement funds (IRAs, 401(k)s, 403(b)s, annuities, pension or profit-sharing plans) and financial accounts (bank accounts, CDs, savings bonds, brokerage accounts, stock portfolios).
Legacy giving is a gift that requires much more thought and planning to execute than most donations. A gift can be structured for nearly any circumstance. You can still fulfill your personal goals of honoring your loved ones, providing for heirs, minimizing tax burdens and supporting the church you call home. Please consult with your attorney, accountant or financial advisor when making a legacy gift.
