When you create a will, you don’t only need to think about your own death. You also have to consider what would happen if your spouse dies at the same time…or even your kids. What do those scenarios look like?
Tag: Estate Planning
Beneficiaries vs the Will
Using your EAP to setup your Will for FREE
Donating Farmland to the Church
In the Dakotas, many of our churches are connected to agriculture. We have members that our farmers, retired farmers, and/or children who inherited farmland from their folks. The scary thing about farmland transactions is the tax basis. Most farmland has been held for decades so the tax basis could easily be $100/acre or less. If…
What is an Endowment, and How does it work?
Endowments can be a huge blessing to the church or ministry that you love, but few people understand how it works. I’m not sure I do the best in explaining it in this video, but imagine if one of the biggest annual givers to your church is a dead person. That’s what an endowment can…
The Win-Win of the Charitable Remainder Trust
I don’t want this to sound like a gimmick or some slick way to raise money from gullible elderly church members. That is not what a Charitable Remainder Trust is. The Charitable Remainder Trust can be an wonderful part of a person’s retirement/estate plan. What makes it so wonderful? Here’s a list: Guaranteed Income for…