Would you prayerfully consider including LFM in your estate plan?

A growing number of our faithful financial supporters are including LFM in their estate plan. After your and your spouse’s passing, when your financial properties and investments are no longer needed for your care, a legacy gift in your estate can make a huge difference in the lives of so many needy and deserving families in Myanmar.

Here are some simple ways to accomplish this without the services of an attorney or updating your existing Will or Revocable Living Trust:

• Name LFM as a beneficiary of your Traditional IRA, 401(k) or 403(b) retirement plan. Family beneficiaries must pay income tax on this inheritance, but charities do not, so this is a very simple and popular method for including charities in your estate plan.
• Name LFM as a beneficiary of a life insurance policy or Roth IRA.
• Name LFM as a Payable on Death beneficiary of a bank account (checking, savings, money market or CD accounts)
• Name LFM as a Transfer on Death beneficiary of an investment account or vehicle.

When creating or updating your Will or Revocable Living Trust, this is a good time to consider how to best include charities in your estate plan. This is generally the best way to transfer real estate (home, rental property, undeveloped land). These end-of-life documents generally require the services of an attorney.

All legacy gifts to qualified charitable organizations are eligible for a charitable deduction for state and federal estate taxes.
If you have questions about how best to include LFM in your estate plan, feel free to contact Don Cramer, a retired charitable gift planning professional and LFM donor. You can call or text Don at 512-627-3660. Please leave a message and Don will follow up with you.