We’d be privileged to talk with you about opportunities and options you can access that will provide ongoing support for the mission and missionaries of LBT. Here are some of the planned giving options we offer.
Leave a legacy
Planning now to take care of our loved ones when we are no longer around is very important. If we don’t plan, somebody else will be making these important decisions. Perhaps somebody who doesn’t share our values.
Scenerios
- The entire family dies in a tragic car accident. What happens to the estate?
- A couple wants to to leave their will to the children, but they want them to first learn the value of work and money. So they decide to support a charitable organization from the growth of their trust fund for next ten years, before going to the kids.
- A couple has more than they want to give to their children, or have no children.
- Certain assets, when passing to people, have high tax. When passing to non-profits, they have low tax.
- A person decides to put assets into a trust that cares for them until they die, and then passes on to the charity of their choice.
If you die without a Will, your property must be distributed according to the laws of your state – not necessarily according to God’s law, your wishes, or your family’s needs. Your estate and the care of your minor children, among other things, will be managed by a court-appointed administrator. This can be avoided by having a written Will, which allows you to exercise your right to say how your possessions will be distributed upon your death.
When you take an inventory of your estate, including real estate, personal property, retirement accounts, life insurance, savings accounts, stocks, mutual funds, etc., you can decide how much will be given to Christ’s ministries and when. Following are descriptions of several ways you can designated your assets to Lutheran Bible Translators in your Will and/or trusts.
Gift by Bequest
Specific bequests let you express your personal desires regarding the distribution of your estate. There are several ways that you, as a donor, may remember LBT in your Will. Take a look at the downloadable resource Techniques for Planning a Successful Will on this page.
A Planned Giving expert can help you understand and compile this information, including different types of tax benefits and income plans for survivors. Contact us for more information.
Charitable Gift Annuity
Gifts of Appreciated Securities
Gifts of Life Insurance
What To Do Now
If you already have a Will, you can modify it easily to include a gift to Lutheran Bible Translators. If you don’t have a Will, this information is a good place to start.
Your attorney will help you summarize the property you own and guide you in your bequests, keeping in mind the best tax advantages for those who are to inherit your estate.
If you have any questions, do contact us through the form on this page.
Just as you excel in everything in faith, in speech, in knowledge, in complete earnestness and in your love for us – see that you also excel in this grace of giving. 2 Corinthians 8:7
In his second letter to the Corinthian church, the Apostle Paul explains the necessity and rewards of gifts given in the name of Christ. He challenges us to excel in this grace of giving.
For people who plan, planning your charitable giving can be rewarding.
If you are considering making a commitment to Lutheran Bible Translators in your estate planning, we hope this information will help.
