There are a variety of options for organizing your estate with a Will or a Trust, providing for you and your family and supporting God’s work through University Bible Fellowship that include tax-saving benefits. Feel free to contact us to learn more about planning options, including information about:
Wills and Bequests: A Last Will and Testament can serve as the final declaration and testimony of a Christian’s faith. A properly prepared Will should contain provision for the disposition of your assets after death. But in a Will, you can provide for the needs of your spouse and other family members and assure that some of your resources will continue to support the Lord’s work after your passing. Feel free to contact us for information on how to make a will bequest.
Remainder Interest in a Home or Farm: The tax laws allow you to transfer title of a home to UBF, while retaining a life estate for yourself. You will be entitled to reside in the property and to receive all income from the property for the rest of your life. Upon death, the home or farm becomes the property of UBF. If the transfer is irrevocable, you receive an income tax deduction at the time of transfer.
Life Insurance Gifts: It may be possible for you to leave a substantial gift to UBF at your death through a gift of life insurance. If you transfer ownership of an insurance policy to UBF, you will be entitled to an immediate income tax deduction equal to the cash value of the policy. You may make annual deductible contributions to enable UBF to pay the policy premium. And, at your death, UBF will receive a benefit larger than you may have thought possible. Beneficiary Designations: Another way to benefit UBF at your death is by naming UBF as P.O.D. (Pay on Death) beneficiary of a bank account or T.O.D. (Transfer on Death) beneficiary for a securities account. UBF can also be named as beneficiary of an IRA or other retirement account. Since UBF is tax-exempt, it will benefit from the full value of the retirement account.