God directs the events of your life to draw you closer to Him (Acts 17:26-27). He also uses specific times and events in your life to impact your gift planning, which can result in great benefits for both you and your favorite ministry organizations. Important events include the sale of appreciated assets, sale of a business, sale of a farm and retirement. All of these are excellent times to consider a Planned Gift. Planned Gifts may be made either during your lifetime or at death. They usually involve the assistance of professionals such as your accountant, attorney or financial planner.
To help you in your understanding of Planned Gifts, Barnabas Foundation has created a complete chart of "Planned Giving Options" which identifies income and tax implications, along with benefits to you and your favorite charities.
Estate Planning is not only for the wealthy; it is for everyone. It is simply the process of deciding where your assets should be distributed after your death. The plan is implemented through a Will or Revocable Living Trust. But for Christians, Estate Planning isn't just a legal process, it is also an act of worship, as you lay everything you are and have before the Lord for His purposes.
For many people a Revocable Living Trust is an excellent tool to implement their Estate Plan. Like a Will, a Trust makes provision for the transfer of your assets at death. Unlike a Will, assets in the Trust are not subject to the costs and delays of probate. During your lifetime, it remains completely under your control.