
1 minute read
LEAVING YOUR LEGACY
GIVING WHILE IN THE PRESENCE OF GOD
Your careful planning can ensure that your estate will continue to be a blessing long after you go to heaven.
Advertisement
Here are some examples of how your generosity can continue to make a difference in the years to come.
1. Give a gift of retirement assets, such as Pension Plans or Individual Retirement Accounts (IRAs). By giving, you may be able to eliminate taxes that might otherwise consume these assets. 2. Give a gift of life insurance.
Gifts of policies or proceeds you may no longer need offer excellent tax benefits. 3. Establish a trust with Christian Resources International
200 FREE ST. FOWLERVILLE, MI 48836 (517) 223-3193 WWW.MISSIONCRY.COM
(Mission Cry) as the beneficiary. Putting your assets into a trust helps you avoid probate court. By making Christian Resources International (Mission Cry) the beneficiary of a living trust, you can receive

significant tax benefits now, continue to receive a yearly income until your death, and be a blessing to the kingdom of God, all at the same time. Ask your lawyer or tax professional for more details. 4. Consider donating stocks to help us lead people to Jesus. When appreciated securities are donated, you are entitled to a deduction for the full value, not just the original cost. This gives you a tax deduction based on the “paper profits” you have not yet realized. Alternatively, if securities have decreased in value, consider selling them, thereby creating a loss for tax purposes, and making deductible gifts of the cash proceeds. If you transfer your stocks directly to a charity they are not subject to capital gains tax, plus you get a charitable tax credit. However, if you sell them and then donate the proceeds they are subject to capital gains (though you still get the tax credit). 5. Include a gift to Christian Resources International (Mission Cry) in your will or your living trust.