A few months ago, the Zion Foundation hosted an informational night where local attorney, Wanda Weber, talked about setting up a will and other things that can be prepared such as Trusts and Living Wills. This was a very good discussion and covered a lot of aspects often not thought of, such as implications of estate tax and probate. If you missed the event, the information packets are still available: please stop by the information desk at church and have them take down your name so we can get one to you.
We have been entrusted by God to be good stewards of what we have been provided. Through tools such as wills and trusts, we can direct our assets to continue helping others even after we are gone. This enables us to remember our family, friends, and charitable organizations important to us specifically to our wishes. Without a will or trust, these decisions are simply decided by the court according to a state table of heirship, without consideration of any wishes you may have had. The Zion Stewardship Committee would hope that you consider Zion in your estate plans to help sustain our mission for future generations. There are many ways you can include Zion in your planning – as with all financial issues, you should consult an attorney or tax advisor on the best options for your circumstances.
The simplest way is with the use of a will. Per the direction specified in your will, assets are transferred to the individuals and organizations. This can be as a specific dollar amount, a percentage of your overall estate, or specific assets.
There are multiple ways a trust can be established and for multiple purposes, so if you are interested please consult an expert. Basically, a trust can be established to manage the assets you place into it, and distribute the entirety after your death, or continue to manage the asset and distribute the income per your instructions.
Charitable Gift Annuity
This is an additional option for gifts to a charitable organization. This is a simple contract between you and a charitable organization. In exchange for your irrevocable gift of cash or securities, the charitable organization pays a fixed annuity to you or another annuitant for life.
Whether through a will or another form of planned gifts, it is important that your assets are distributed according to your values and wishes. Giving does not require great wealth. It requires generosity of spirit and the desire to share what God has given you to help others. If you’re putting together a will for the first time, or making revisions to an existing will, we ask that you please consider including Zion.
Thank you for your financial support of Zion.