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“We will tell the next generation about the glorious deeds of the Lord, about his power and His mighty wonders.”
-Psalm 78:4

Use the links below to multiply the blessing of your Will to you, your family, and the ministries you love.

Legacy Love Letter (Sample 1)

Legacy Love Letter (Sample 1)

Because a Legacy Love Letter is not a legal document, and is not made for the purpose of distributing assets, the content and form of your letter is up to you. Here are three themes you may wish to cover in your Legacy Love Letter:

 

Beliefs and Values. What do you believe about God? What are your guiding principles when it comes to marriage, raising children, church and ministry, handling money, etc.?

 

Life Lessons. What were some of the defining moments of your life, and what did you learn from them? What experiences and people are you most grateful for?

 

Message of Hope. What are some of the most meaningful passages of Scripture to you? What message of hope and encouragement do you wish to leave to your family and friends?

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Legacy Love Letter (Sample 2)

Legacy Love Letter (Sample 2)

Dear Children,

 

We came across a beautiful passage in our quiet time with the Lord recently in Psalm 16 that says, "The lines have fallen to me in pleasant places; yes, I have a good inheritance." That verse prompted some heart-stirring conversations that we'd like to share with you.

 

We are so thankful for the "good inheritance" we have received from the Lord. As we grow older, we want each of you to know how much we love you, and deeply appreciate the many ways you have enriched our lives. We're especially pleased at the many evidences of the Lord's blessings in your lives. And we want you to know that the greatest pleasure you could give us is to pass on to your children, as we have tried to do with you, that same commitment to live all of life as service to God.

 

We see our Will as an ongoing testimony of our love for the Lord and for you, and that is reflected in the way we have divided our estate among you and the ministries we love. We hope that when the time comes, someone would read Psalm 16, as an encouragement for our family to continue serving the Lord with gladness for generations to come.

 

We love you,
Mom and Dad

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Setting Up Your Legacy File

Setting Up Your Legacy File
Make it easy for your loved ones to locate the documents they'll need when the time comes

•  Contents List – a list of the contents in your Legacy File

•  Duplicate Copy - If you create a duplicate copy of your Legacy File for your executor and for a safe deposit box, you should provide contact and location information.

•  Finances – provide a list of bank accounts, CDs, mutual funds, and other investments with institution names, account names, and account numbers.

•  Funeral Instructions – provide details about your wishes for the funeral service, funeral home, burial arrangements.

•  Important Documents – create a “catch all” file for all other important documents your family may need such as birth certificates, Social Security cards, titles, etc.

•  Insurance - create a single file with all insurance information – including auto, home, life, health, disability, etc. List the company name, policy numbers, and contact information.

•  Monthly Budget – include a copy of your monthly budget to help your family keep track of bills and run your household once you are gone.

•  Passwords – If you’re like most people, you have probably have a large and growing list of passwords, usernames, and PIN numbers for your bank accounts, web sites, voicemail, and more. Make a list of these important access codes in a single file.

•  Spiritual Will – a "love letter" from you expressing your love for Christ and your family, and communicating your values, life lessons, and beliefs.

•  Tax Returns – it is recommended that you keep up to 7 years of tax returns on file in the event that you are audited by the IRS. This precaution will spare your family from a lot of unnecessary hassle if you are no longer around.

•  Will - a signed copy of your Will, including information about guardianship, beneficiaries, executor, power of attorney, financial accounts, and charitable interests.

 

Source: Selected concepts based on the Legacy Drawer at www.daveramsey.com

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Notice of Bequest Letter

Notice of Bequest Letter

If you have included us in your Will, we’d like to thank you appropriately and be sure we understand and honor your gift intentions. You can help us do that by sending us a “Notice of Bequest” letter. Here is a sample:

In recognition of my strong belief and confidence in its mission, I have made a gift by Will to City Rescue Mission.

If I make any change to this provision or if the value of the bequest or gift changes substantially, I will notify City Rescue Mission of such change.

I understand that all information listed below will be kept in confidence unless I authorize its release.

Name ___________________________________________________
Date of Birth ________________________________________
Address ____________________________________________
City, State, Zip _______________________________________
Estimated Current Value of Bequest _____________________
Gift Designation(s) ___________________________________
Signature ___________________________________________
Date _______________________________________________

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Other Ways to Give

Other Ways to Give

Charitable Gift Annuities

CGAs are a simple arrangement that involves a charitable gift and an annuity. You simply make a gift (part of which is tax deductible), and receive fixed annuity payments each year for the remainder of your life. At the end of your life, the charitable gift goes to support our work.

 

Stock Giving

Did you know appreciated stocks, bonds, and mutual funds in a taxable investment portfolio can be transferred as gifts to support Kingdom work? Giving stocks provides a significant opportunity to avoid capital gain tax, receive a deduction and simplify your giving.

 

Charitable Trusts

A charitable trust allows you to bless a ministry you care about while still providing an income for you or your heirs. With a charitable lead trust, money is paid first to the ministry of your choice for a specified amount of time. Then at the end of the trust period, the balance goes to a designated beneficiary. A charitable remainder trust reverses that order, paying your heir first.

 

Retirement Assets and IRA Giving

Designating a ministry as the beneficiary of your retirement account offers a number of tax advantages. Unlike individual beneficiaries, ministries are not required to pay income tax on withdrawals from these accounts, plus the sum you give will not be included in your adjusted gross income.

 

Gifts In Kind

Gifts in Kind refer to the practice of giving actual goods or services to a ministry versus donating the money to buy them. These types of gifts can be as creative as the person giving them!

 

Real Estate Gifts

Properties that can be given to us include personal residences, vacation homes, commercial property or land. Many people like to give gifts of real estate because the inherent value of the property far exceeds that of any other single asset. It’s very popular because even individuals with modest estates typically own real estate.

 

Point of Death Transfers

POD Transfers are a way of designating beneficiaries to receive your assets automatically at the time of your death, without having to go through probate court. They also allow you to specify the percentage of assets each person or entity will receive.

 

Donor Advised Funds

One of the simplest ways to give real estate, stocks, mutual funds or commodities is through a Donor Advised Fund. This is an account you create directly with us for setting aside money or assets, receiving immediate tax benefits and allowing you the flexibility to distribute gifts over time. It’s like having your own charitable giving account.

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Contact Us

Kevin Green, Executive Director & CEO
Call our office: (724) 652-4321 ext. 107
Or email: maryleeg@cityrescuemission.org