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Planned Giving

Scripture teaches that God is the owner of all things and we are to be stewards (managers) of all He has entrusted to our care, which includes our estate. Therefore, how we view our estate should be through the lens of Christian stewardship. It further leads us to discover ways to take care of both family and faith. Many discover they have the ability to make a planned gift otherwise thought impossible.

 
The Baptist Foundation of Alabama is ready to assist you with your
Christian Estate Plan. We all have the ability to impact the world for Christ.
 
       
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Providing for Our Children's Future

Providing for Our Children's Future

Joe and Kathy worked for many years building up their nest egg for retirement. While they felt their savings and investments would cover their own needs, they wanted to make sure that their three children were provided for in the future. One afternoon, a gift planner met with them to thank them for their faithful gifts each year. The conversation turned to the couple's long-term planning goals.

Kathy: We wanted to continue making annual gifts to charity. Yet at the same time, I was concerned about sacrificing our children's inheritance.

Joe: Our stock portfolio had appreciated significantly over the years. I wanted to pass these gains on to my family without paying a lot in gift or estate tax.

The gift planner told them about a way in which they could achieve their personal and charitable goals through a charitable lead trust. The trust would pay income to the charity for a number of years. Then the full trust value, plus any growth, would go to their children. The plan would allow them to pass on substantial wealth to their family at little or no gift tax at all. It would also reduce the size of their estate in addition to helping the charity further its work.

Kathy: I could see how this plan would be very helpful if the trust was funded with our stock. Each of our children would receive one-third of the trust assets in the future. At the same time, we would continue to make gifts to charity each year.

Joe: I also thought the plan was a good one. It would give our children time to learn how to save and invest their future inheritance. So we set-up a charitable lead trust plan that would begin paying our favorite charity income each year. The prospect of helping our children succeed in the future while providing for our favorite charitable cause made us pleased with our decision.


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