Giving Through a Will
You may already have included charitable causes such as your alma mater, a
national charity, or a medical center in your will; yet, many overlook making
their church a beneficiary in their will. One of the easiest ways to make a
charitable gift is through your will. If you are one of the more than 50 percent
of adults who die each year without a valid will you forfeit this opportunity.
Without a valid will, the laws of the state decide the disposition of your
estate, and in no state are charitable gifts part of the distribution. There are
several ways to include your church in your will:
- A fixed amount: Your will can state a specific amount which you would
like to be given to your church or other cause of the Church following your
death.
- A specific item or some designated property. Your will can direct that
specific real or personal property be given to your church following your
death.
- A percentage of your estate: It may be better to designate a percentage
of your estate rather than a specific dollar amount. That percentage will
then grow or shrink in the same proportion as your entire estate.
- A residual bequest: After all other bequests are granted, the residual
(what remains) can be left to your church. The residual might also be left
to your church in addition to a specific bequest named earlier in your will.
By developing an estate plan, you can also leave the remainder of a trust to
benefit your church. Through the use of a testamentary trust, a family
member (or anyone named) can receive the income from designated assets for
their lifetime or for a specific number of years. Following the death of
that person (or at the end of the stated number of years) the remainder in
the trust goes to the church.
Download
sample bequest language