A way to perpetuate your giving
An estate is the collective assets, large or small, a person owns when he or she dies. A person's estate is distributed to his or her heirs according to the dictates of a will or trust. If there is no will or trust, then the estate passes according to the laws of the state.
If the estate is distributed by a will or by the laws of the state, it requires a court process called probate. There are several reasons to avoid probate. Probate is a lengthy process which delays the fulfillment of your wishes. It is a matter of public record and the process of estate administration can sometimes result in controversies and litigation that may incur additional expense.
A well-designed estate plan allows you to decide the outcome. It can preserve more of your assets and allow you to pass them to the people and causes you care about most.
Through your estate plan, you can play an instrumental part in ensuring that the Gospel will continue to be proclaimed in Asia well into the future. Depending on the arrangements you choose, you may also:
Estate planning can also reduce costly and lengthy legal proceedings for the division and distribution of assets, but most important, it will ensure that your assets are allocated according to your desires. A proper estate plan should accomplish the following:
Tools that can be used in planning the distribution of your estate include:
For more information:
If you have any questions or wish to request a personalized illustration, please fill out the contact form by clicking this link or call Gospel for Asia's Harvest Foundation at 1-800-WIN-ASIA (1-800-946-2742).
All gifts are subject to GFA's Gift Acceptance Policy.
DISCLAIMER: This information is designed to provide information and illustration of the subject matters covered. It is not intended, nor should it be used as legal, accounting or other professional advice. It is always a good idea to seek legal and tax advice from your professional advisor(s).