Leaving Your Assets for God's Glory
The Will is the most basic part of every estate plan. By definition, it is a legal declaration of a person's wishes regarding the disposal and distribution of his or her assets after death. The Will is the legal document, drafted during your lifetime, which addresses numerous issues:
- Final testimony of your Christian faith
- Property and asset distribution
- Naming an executor
- Naming a legal guardian for minors
- Reducing estate tax liability
In the absence of a Will, the state will resort to a formula. A judge will name an executor; bond may have to be posted; the court will name a guardian; and a formula will determine asset and property distribution.
Every state has different laws and regulations when it comes to the execution and validity of a Will and they are often strict. Be sure to retain competent legal counsel, familiar with the laws of your state of residence to draft your Will.
A Will is one of the most important documents you will ever prepare. As Christians, we are stewards of the assets God has entrusted to us, and Wills can play a major role in that stewardship.
A Will is one of the most important documents you will ever prepare.
As Christians, we are stewards of the assets God has entrusted to us, and Wills can play a major role in that stewardship.
Wills can be a simple and meaningful way of giving to God's work through Gospel for Asia. A gift made through your will provides a legacy, which directs your earthly treasure to produce heavenly treasure in terms of people understanding and receiving the love of Christ. Without a will, state law dictates who receives your assets and who becomes guardian of your minor children. Your foresight now can result in many people entering into the joy of our Lord long after you have entered in yourself.
You can make an estate gift by having an attorney write a new or replacement Will, or by simply adding a paragraph (codicil) to your existing Will. A codicil can specify that a dollar amount, a percentage, the remainder of an estate, or a property be given to GFA after your death. Adding a codicil gift to your existing Will is easy and inexpensive.
When creating a bequest to Gospel for Asia in your Will, or in a codicil to your Will, it is important that your attorney have our EIN#: 73-1099096.
To give a fixed dollar amount, you may use wording such as:
I give and bequeath to Gospel for Asia, Inc., 1116 St. Thomas Way, Wills Point, TX 75169, EIN# 73-1099096, the sum of _______________ dollars ($_____________).
To give a percentage of your estate after all bills and obligations have been paid:
I give and bequeath to Gospel for Asia, Inc., 1116 St. Thomas Way, Wills Point, TX 75169, EIN# 73-1099096, ________ percent (______%) of my residuary estate.
To give the rest of your estate after all bills and other obligations and bequests have been paid:
I give and bequeath to Gospel for Asia, Inc., 1116 St. Thomas Way, Wills Point, TX 75169, EIN# 73-1099096, all (or _____% of) the rest, residue and remainder of my estate.
To give property:
I give and bequeath to Gospel for Asia, Inc., 1116 St. Thomas Way, Wills Point, TX 75169, EIN# 73-1099096, _________________________________________ from my estate.
Be sure to provide description and location of property, and location of title.
For a contingent bequest:
If any of the named beneficiaries should predecease me, or in the case of failure or lapse of any legacy, I hereby bequeath his/her share to Gospel for Asia, Inc., 1116 St. Thomas Way, Wills Point, TX 75169.
An attorney can be a great help in the preparation of a will or other estate-planning document. State law controls probate, so it is advisable to consult an attorney who knows the laws of the state where you live or where your property is located.
Gospel for Asia has created a Christian Guide to Making a Will that can help you prepare for an appointment with your attorney and reduce the amount of time and money spent during that appointment. We can mail it to you upon request at no charge, or you can download it from www.gfa.org/wills/guide.
If you have already remembered the ministry of Gospel for Asia in your will, please let us know. We would like to thank you, and include you on a special list so that we will be sure to notify you to inform your attorney of any change of address we may have in the future.
If your estate is somewhat complicated due to business or real estate holdings or other reasons, GFA has enlisted the services of PhilanthroCorp, a nationally recognized estate design firm, to help you in your planning. As a friend of our ministry, this service is provided to you upon request without charge, and any information you provide will be held in strict confidence.
Free Download: Christian Guide to Making a Will
Download the free guide
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 1-800-946-2742.
All gifts are subject to Gospel for Asia'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).