Legacy Giving

Legacy Giving acknowledges the Sovereignty of God.
Through planned giving, we demonstrate our responsibility to manage His blessings in ways that glorify His name.

Leaving a Legacy through Estate Planning
will impact lives in India for generations.

Leaving a Legacy can help you:

  • Provide for your loved ones
  • Reduce taxes for you and your heirs
  • Protect your assets
  • Generate lifetime income
  • Determine the timing of asset distributions
  • Allow you to leave a lasting legacy for the people of India

Here are some areas where your Estate Planning should be followed up with your tax or legal advisor(s).

Wills

A legal declaration of your wishes regarding the distribution and disposal of your assets after death. You control what goes in your will. This is a simple way to remember Mid India Church Partners. Every person should have a will.

Beneficiary Designations

Your IRA, 401K, other retirement accounts, life insurance policy, bank or investment accounts all list beneficiaries. You can add Mid India Church Partners as a beneficiary quickly, easily, and free of cost.

Donor Advised Funds

This is a simple, tax-efficient (smart) method of supporting Mid India Church Partners! A donor-advised fund enables you to invest cash, some assets, and securities, significantly increasing the impact of your investment – while reducing taxes.

Trusts

Trusts can provide you with benefits such as tax reductions. You can also choose to provide payments to yourself or loved ones that will continue over a period of time. These legal investment vehicles hold assets for beneficiaries so they can inherit from you over time. There are multiple types of trusts that you can utilize (see below). Check with your financial advisor to learn which vehicle is best for your circumstances.

Charitable Remainder Trust

Funded with cash and/or other assets, now or at your death, a CRT provides income of a percentage of the value of the trust each year for the number of years you determine. After that, the remainder will go to Mid India Church Partners.

Living Trust

Similar to a will, but it is private and allows you to avoid probate.

Charitable Lead Trust

Income from the trust goes to Mid India Church Partners for a determined number of years, and afterward, the remainder goes to individuals.

Charitable Remainder Annuity Trust

Same as a Charitable Remainder Trust, but with a fixed income from the trust each year, which is determined when the trust is funded.

DISCLAIMER:  This information is provided for informational and illustrative purposes in the realm of Estate Planning. It is not intended, nor should it be used, as legal, accounting, or other professional advice. Always seek legal and tax advice from your professional advisor(s).