Legacy Planning
Get A Free Guide to Planning Your Will and Trust by clicking on this link to the Georgia United Methodist Foundation: http://gumfplannedgiving.org/?pageID=1006
Essential Legal Documents All Adults Should Have – Get your affairs in order
- · A Will – Allows you to direct the disposition & distribution of your assets.
- · Revocable Living Trust - Allows your estate to avoid the time & expense of probate.
- · Durable Power of Attorney – Designate someone you trust to manage your affairs.
- · Advanced Health Care Directive – Spells out your wishes regarding end of life medical treatment.
- · Seek Legal Help – Hire an attorney if you have complicated financial situations & considerable assets.
- · To receive a weekly Faith and Money newsletter visit http://www.gumf.org/stay-connected/.
What Ministries does the Endowment Fund Support?
Charitable endowment gifts create a meaningful legacy that provide for vital ministries that may not be funded through the regular giving of our congregation. Including:
- · Capital Development, & Unbudgeted Improvements
- · Children & Family Ministries
- · Scholarships
- · Mission Projects
- · Contributions may be gifted for our General Endowment Fund or for a specified ministry of your choice.
- · A new fund may be named in memory or honor of individuals and/or designated ministries, with an initial investment of $20k or more.
What Types of Assets May Be Gifted?
- · Gifts of any size are welcome and are tax-deductible.
- · Cash, insurance policies and publicly traded securities may be gifted without restriction.
- · A 401(k) or IRA.
- · Closely-held securities, real property, intangible personal property and other types of property.
In What Forms May Gifts Be Made to the Endowment Fund?
- · Outright gifts during an individual’s lifetime or as bequeathed.
- · An IRA or insurance policy.
- · Charitable trusts during your life or at death.
- Our Foundation Legacy Ministry Committee and Board of Directors can assist you in getting specific details on these various types of gifts.
Who Administers and Distributes the Funds?
- · The Cliftondale Foundation Board of Directors upon request of the Church administrative and trustee boards.
- · A financial report outlining fund activities, will be presented to the Charge Conference annually and will be included in the annual audit of church funds.
Who Manages the Investments?
How Can You Benefit?
- · Peace of mind – By planning your estate. Free confidential consulting services are made available to all Methodist.
- · Provision- Giving real and personal property at the right time and supporting important ministries.
- · Protection – Achieve lifetime security, personal and financial goals for Cliftondale Church and/or your favorite ministry.