"Get wisdom, get understanding, though it costs all you have, get wisdom." (Proverbs 4:7)
Wisdom demands that we plan for our families. Part of planning entails understanding tools that wisely maximize assets and meaningfully transfer them to the next generation. As a service to you, Eagles’ Wings Stewardship Services Dept. provides educational information to benefit you and your family. Our goal is simply to serve you, just as you faithfully serve Eagles’ Wings with your time and resources. It is your generous support that allows Eagles’ Wings to fulfill its mission of touching Israel and impacting the nations, training up the next generation of Christian leaders, and uniting and empowering believers to make a difference in the world.
Here is a brief list of tools at your disposable to leave a lasting legacy for your family and for the Kingdom.
If you have any questions regarding the information below please call our Stewardship Department at
1-800-51WINGS to be connected with one of our Stewardship experts.
| PLANNING TOOL |
WHAT IS IT? |
YOUR BENEFITS |
| Will |
A legal document outlining how you want your assets distributed when you die. |
- Selects guardians for your children
- Directs assets to beneficiaries
|
| Revocable Living Trust |
A trust that holds property for your benefit and then avoids probate at your death. |
- Avoids guardianship for disability
- Avoids probate
- Directs assets to beneficiaries
- Provides estate tax savings
- Provides for disabled children
- Controls timing and amount of distribution to beneficiaries
|
| Charitable Gift Annuity |
A contract in which a charity pays you income payments based upon your age and the amount of your gift. |
- Increases current income
- Creates income tax deduction
- Saves capital gains tax
|
| Charitable Remainder Trust |
A trust that pays you income before charity receives the remainder. |
- Increases current income
- Creates income tax deduction
- Avoids capital gains tax
- Eliminates income tax on retirement plans at death
|
| Charitable Lead Trust |
A trust that pays charity an income before you or your heirs receive the remainder. |
- Creates income tax deduction
- Eliminates federal estate tax
|
| Life Estate |
A gift of real estate that allows you to keep the rights of ownership; the property is distributed to charity at your death. |
- Creates income tax deduction
- Retain your right to live in the property during your life
|
| Outright Gifts of Assets |
Any gift given to charity such as cash, stocks, bonds, real estate, art, antiques, or life insurance. |
- Creates income tax deduction
- Eliminates capital gains tax
- Eliminates estate tax
- Tailors gifts to charity’s current needs
|
Free Downloads of Helpful Information
For Further Assistance
If some of these terms are unfamiliar to you, Eagles’ Wings Stewardship Department can assist you with more information about creative financial and estate planning tools. There is no charge and you are under no obligation for utilizing our FREE and CONFIDENTIAL professional services.
1-800-51WINGS and we can connect you with our Stewardship experts.
The information in this publication is not intended as legal advice. For legal advice, please consult with an attorney.