Overview of Estate Planning
Estate planning may be the single largest act of stewardship that most of us as Christians will ever perform.
Appropriate estate planning is beneficial to almost everyone. Whether we are nearing the end of our lives, contemplating retirement, or younger with a growing family, estate planning boils down to determining how, when, and to whom we will transfer the stewardship of what God has entrusted to us when we can no longer serve as stewards ourselves.
However, every year, the vast majority of Americans who die do so without having prepared a valid estate plan. For the past three decades, the numbers have been between 70 and 80 percent. This statistic is astounding, since the U.S. tax code provides significant incentives to prepare an estate plan. These incentives are designed to make it easy for very personal wishes to be known and followed—for instance, wishes that deal with child custody, property distribution, or leaving a legacy of Christian values. In addition, a careful estate plan will often minimize costs related to settling the estate.
What is it about the preparation and declaration of one's personal wishes - the essence of an estate plan - that Americans avoid in such resounding numbers?
We have learned from our clients that several typical reasons continually arise:
While all of the reasons for procrastinating are understandable, none lessens the reality that the absence of an estate plan can have a devastating impact on an estate and the remaining family members.
A proper estate plan should accomplish the following:
Recognizing these facts, the Mission has made arrangements for donors to benefit from the services of PhilanthroCorp, a nationally known Christian charitable planning firm that works exclusively in the areas of Christian estate planning and planned giving. PhilanthroCorp and their network attorneys engage sensitively with individuals to help them make the kind of arrangements that meet their personal, family and stewardship goals.
Please spend some time reviewing the information in our estate planning pages
Information on this site is NOT intended for legal advice. See Disclaimer