A Gift in Your Will or Living Trust
The Easiest Way to Make an Impact
Interested in helping Truth in Love Ministry carry out our mission of gospel outreach but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue to work for years to come is a gift in your will or living trust, known as a charitable bequest.
By including a bequest to Truth in Love Ministry in your will or living trust, you are ensuring that we can continue our mission for years to come.
Check Out This Potential Scenario
When Jim and Amanda got married they made a will to protect their assets. They both loved gospel outreach and decided to include a bequest of $75,000 to Truth in Love Ministry in their will.
As Jim and Amanda’s family grew, they decided to revise their gift to ensure their children’s future financial security. They met with their attorney and simply revised the bequest language so that their gift to Truth in Love Ministry was now a percentage of their estate instead of a specific amount. Jim and Amanda now rest easy knowing their plans will provide for the people and ministry they love.
Beneficiary Designations
Continue Reaching Souls For Heaven From Heaven
The Bible uses the best of this life to picture the next. Yet, since everyone there already believes, you can no longer reach the lost.
Or can you?
A beneficiary designation to Truth in Love Ministry allows you to continue to reach more souls. Just name Truth in Love Ministry as a beneficiary to assets such as retirement plans and life insurance policies. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.
Check Out This Potential Scenario
Frank and Marilyn treasure the help they provided to their children and Truth in Love Ministry over the years. Now that their kids are grown, Frank and Marilyn changed their estate plan so it could work harder for the people and ministries they love. The couple updated their will to leave stocks and real estate to their kids. They left a $75,000 IRA to Truth in Love Ministry. Because Truth in Love Ministry is tax-exempt, all $75,000 will support gospel outreach.
If Frank and Marilyn had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family’s use. Frank and Marilyn are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24% marginal income tax bracket.
Questions?
Contact Jon Leach at jon@tilm.org or 208-899-4100 to learn more.
Free Planning Guide
Reach people for heaven from heaven.
Estate planning can feel overwhelming. We've put together a free guide to help you plan your legacy. Inside you'll discover a variety of different giving options available and learn how others are sharing the light for generations to come.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.