As members of First Baptist Church many of the blessings we enjoy today are the products of dedication on the part of people who, in the past, were not content with the status quo. Instead they were committed to leaving future generations a rich inheritance on which to build. Today we have an opportunity to open a door to the abundant life Christ promised and to translate God's love into action through our estate planning.Estate planning is sometimes referred to as "planned giving" or "deferred giving". The objectives of estate planning are:
Every adult should have a will. A well drafted will makes your intentions clear and minimizes costs, expenses and taxes. A gift to First Baptist Church may be made in your will. In addition to a will each individual should plan for management of his or her affairs in the event of a disability by having powers of attorney for medical and business purposes and a living will.
This is a charitable gift with the donor receiving a lifetime benefit. The basic types are:
A direct charitable gift benefits the donor with income tax savings for the current year. The most common outright gifts are:
As Christians and members of First Baptist Church, our interest in estate planning goes beyond efforts to save or reduce taxes, although this is one legitimate objective. An important part of our Christian heritage in America is that we are provided opportunities for making gifts to charitable causes. Not only are these opportunities provided by our laws, they are also encouraged by the structure of the Internal Revenue Code. The Christian's gift through careful estate planning can continue to support our beloved church and other Christian causes even after death.The services of a qualified attorney should be obtained to prepare the necessary instruments to carry out your wisher. Fees for such services should not be considered an expense but rather an investment.For further information, please contact Lowell Addy (laddy@fbcwf.org) or call the church Business office at 940.723.2764 ext 241.