A New Year has begun and many of us are focusing on tax preparation. When tax returns are complete, a person has an up-to-date picture of his financial affairs. Now is a strategic time to either develop an estate plan or review the plans already prepared that care for family and support ministries that are loved and respected.
Estate plans, like a will or trust, are valuable tools to make a smooth transfer of assets to heirs and ministries upon death. Do you have a plan? If yes, now is an opportune time to review and make changes. Have any additions taken place in your life through birth, adoptions or marriage? Have you experienced any losses due to death, divorce, mental incapacities, a handicap, serious injury or health problems? These are important matters to consider when reviewing your estate plan.
A bequest is property given by a will or trust to a person, or a charitable bequest to a nonprofit organization, trust or foundation. Bequests through estate plans are important gifts that support and strengthen ministries that touch people’s lives. The Baptist Home (TBH) has the expertise to make sure a donor’s charitable bequests make the biggest impact possible. TBH will work with a donor’s attorney and financial planner to provide specific language to include in one’s estate documents to ensure that the bequest is honored.
Keep in mind that your estate plan will be one of the most important legal documents that you will ever sign. Think of it as a way to protect your most precious assets – both personal and financial. Make a commitment to honor the Lord as a faithful Christian steward. Begin the new year with peace of mind knowing your estate plan is up-to-date and will provide for the people and charities you care about most.
Perhaps you have questions about how to help support the ministry of The Baptist Home by adding us as a beneficiary in your current estate plan, or maybe you just need help getting started. Whatever your estate planning needs, we are here to help. Contact us by phone at (866) 454-2709, or email me directly at [email protected] We look forward to serving you!