Support St. Paul’s Episcopal – Maumee with a legacy gift
When people think of what kind of legacy they want to leave, they often think about how they want to be remembered. When you are planning what kind of legacy you want to leave, don’t forget that you can leave a legacy through causes you have supported during your life. Legacy giving requires careful planning and understanding of the various options available. Here are a few powerful ways to leave a legacy.
One common method is a bequest in a will, which can be a meaningful contribution but often gets mismanaged without proper planning. To avoid complications, it’s essential to keep your will updated and specific.
Real estate can also be donated, either through a Transfer on Death (TOD) deed to avoid probate or through various trusts and funds, ensuring your property benefits charitable causes even after your passing.
Establishing Charitable Life Insurance is another option, allowing you to make tax-deductible premium payments, with the full death benefit going to the charity when you pass. This approach enables you to leave a lasting legacy without tapping into your current assets.
Lastly, designating a charity as the beneficiary of a traditional IRA is a powerful strategy that can help you avoid substantial estate, federal, and state taxes, ensuring your contribution maximizes the benefit to the charity. However, there’s an even more impactful option available, particularly for seniors looking to enhance their charitable giving.
Contact the church office if you would like to talk about how you can leave a legacy at St. Paul’s Episcopal- Maumee