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Christian Estate Planning Your opportunity to assist those you leave behind And To make a difference to the ministries you value. Plan. Make a Difference, For the ones you love and the ministries you value. Do you have a passion for one of these ministries? Local Outreach Lutheran Schools Social Ministry 324 Congregations Listed Service Organizations 2 With a strategic estate plan, you could support one of these ministries for many years. Thank you for taking the time to find out how. An Estate Plan could include: • Powers of Attorney • Last Will and Testament (with a Christian Preamble) • Health Care Directive (Living Will) • Funeral Arrangements with your Pastor • Pre-purchased Arrangements with a Funeral Home A planned planned a ministry of choice your choice •A giftgift to atoministry of your • Open discussion with family on all of the above Does your Estate Plan need work?? So what is “Planned Giving”? • Planned Giving uses a small portion of the accumulated wealth of your estate to provide a gift to a ministry of your choosing, as a final thank offering to God for all His many blessings. • Approx. 45% of gifts from an estate can usually be derived from the strategic use of tax credits. • For many estates, fundamentally you’re either paying tax to Canada Revenue or instead, opting to give a gift to LCC ministries of your choosing. Estate Distribution (with a Gift) Three Main Beneficiaries Assumed Family Ministry Gift Canada Revenue $$$$$$$$$$ $Most $ $ $people $ $ $ $carry $$ estate $ $their $$$ $ $ $plan $ $ Due to CRA rules on estate taxation, many estates of the But.... If you were to thinking this far,..... $ $ $ $ $ $ $ $ $ $ “second-to-die” are taxed at the a gift your my give family will from gethighest marginal tax rate of about $ $ $everything. $ $ $ $ $ $$ estate 45 %. $ $ $ $ $ $ $ $ $ $ 45% of the gift is returned to the estate due to the taxabout credits45% generated! Effectively, of the $ $ $ $ $ $ $ $ $$ gift is funded by tax credits. $ $ $ $ $ $ $ $ $$ Consider how much work will continue in the ministries of your choice with this gift. $ $ $ $ $ Types of Gifts to Consider • Life Insurance • RRSP/RRIF • “Gifts in Kind”, including: - Public Securities, Stock Options, - Real Estate, Vehicles, Jewelry, Art • Cash Gifting Methods • Major Gift (while living) • Bequests (testamentary) • Endowments • Charitable Gift Annuities Where can my gift be directed? YOU specify where…. • Local Outreach (District) • International Missions • Christian Education • Seminaries • Lutheran Schools • Media Ministries • The Lutheran Hour • Social Ministry • Development Fund All in support of…… Biblical Responsibility & Stewardship If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever. (1 Timothy 5:8) Simply consider all the you’ve been blessed with, and ask yourself, “How can I give to my family, while at the same time, give a portion of my accumulated wealth towards the on-going mission and ministry of the church?” Then take action!!! What action should you take? 1. 2. 3. 4. 5. Consider how God has truly blessed you. Honestly assess the needs of your family? Meet with a Gift Coordinator to discuss available options, get you information, and answer any remaining questions. Meet with your Financial Planner to: • Express your desire for a planned gift • Ask for a strategic proposal to meet your gifting goals for both family and ministry. Share your plan with your family. Call a Gift Coordinator today! Allen Schellenberg - ABC District 1-877-711-4438 David Friesen - Central District 1-800-588-4226 Alfred Feth - East District 1-800-465-8179