January 2001 Newsletter

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New web site offers information and links

Are you thinking about writing or revising your will-or establishing a revocable living trust? Would you like information about available options to:

bulletprovide for your family;
bulletprovide income during your life and/or your spouse's life;
bulletprovide a gift for ministry that will also be an enduring legacy;
bulletminimize capital gains and estate taxes;
bulletgive appreciated stock as a gift for ministry now as part of your overall estate plan?

Or would you like to know how your congregation can establish and manage a Mission Endowment Fund? Would you like ideas about how to encourage gifts to an already-established Fund?

Go to www.lutheranlegacies.org, for basic information, ways to request more information, links to ELCA ministries that sponsor the site, and another way to contact your Regional Gift Planner for personal, confidential help.

For stewards who are bullish

 If you depend on your assets for income and expect both to grow over time, consider funding a Charitable Remainder Unitrust. Unitrusts are invested for growth. If the unitrust earns more than it pays, your income will grow as well. If not, your income will decrease: no worse than your risk in the open market. Typically, younger or more aggressive investor-stewards select the unitrust option as a way to support the church with a plan that provides a good chance for growing income. Funding a unitrust can avoid capital gains tax and earn a charitable income tax deduction if you itemize.

For stewards who are bearish

If you are concerned that the bull market is getting old and might start growing bear claws, you can lock up your gains with a life income gift that pays steady, secure income based on the current value of your assets. Charitable Gift Annuities offer guaranteed, steady life income based on your assets' full current value. Capital gains and income returns are taxed favorably, and, if you itemize, you can claim a charitable deduction. Market fluctuations no longer matter; your income is guaranteed to stay the same as long as you live.

No matter whether bulls or bears prevail, your church (through the ELCA Foundation) offers life income plans to match your needs. Contact your Regional Gift Planner for personal, confidential consultation.

LPG welcomes Dakota Boys Ranch Sponsor

Dakota Boys Ranch of Minot, North Dakota, recently became the sixteenth ministry to sponsor Lutheran Planned Giving in this area. DBR has started the Voelkerding Village program in Dutzow, Missouri, offering hope and help to single mothers, young mothers-to-be and their children. For more information about DBR, and the other 15 sponsoring ministries, go to www.lutheranlegacies.org or call or write Pr. Denny Hallemeier, your Regional Gift Planner.

Correction:

The December 2000 newsletter inaccurately stated on page 2:

"Only through a Will can you . . .

bulletDistribute your property as you choose and appoint your own executor;
bulletMinimize certain estate costs;
bulletSuggest a guardian for surviving minor children;
bulletProvide for trusts and exercise testamentary powers of appointment;
bulletProvide for your church and favorite charities."

A Revocable Living Trust can be used for similar purposes and provide the additional benefit of allowing property in the trust to by-pass probate (but not applicable estate and gift taxes). Consult your attorney about costs and benefits associated with such a trust in light of your own circumstances.

 
Content Copyright (c)2000, Lutheran Planned Giving in the Arkansas-Oklahoma and Central States Synods.  All rights reserved.