Your Will

Your Will provides clarity regarding:

Your Will provides clarity regarding:
- Distribution of Possessions
- Guardianship of a minor or management of their inherited estate
- Assets your loved ones receive
- Your specific instructions

With many of your priorities determined,  you can begin looking for a way to make your Will not simply a financial  statement, but also a faith statement.
The simple inclusion of your church or  beloved ministry into your Will encourages others in their faith, while  honoring your own. Bequests can be added when first establishing your Will or through an amendment known as a "Codicil."

Beginning Steps

  • Determine the needs of your family

  • List the ministry or ministries you would like to support

  • Finalize recipients to be listed in your Will

  • Contact your attorney to establish, amend or review your Will

  • Relax knowing your statement of faith will live on for many years

Bequests

A bequest is the simplest and most common planned gift. It is an effective way to exercise stewardship with accumulated assets and is best accomplished when creating, reviewing or rewriting your Will. There are several types of bequests.

Specific Assets Bequest

"I give and bequeath all my shares of A Great Company, Inc., Class A common stock to Westminster Presbyterian Church Foundation."

Fixed Dollar Request

"I give and bequeath to Westminster Presbyterian Church Foundation the sum of $25,000 for the Children's Ministry."

Percentage Request

“I give and bequeath to Westminster Presbyterian Church Foundation ten percent (10%) of my residuary estate."

Contingency Request

"In the event that my beneficiary predeceases me, I bequeath to Westminster Presbyterian Church Foundation the sum of $50,000."

Deferred Gift Annuity

This is another way to assure yourself lifetime payments from property you contribute. When you make an irrevocable gift of cash or securities, you will receive a fixed dollar amount annually, which is determined by your age at the time of the gift. After death, the remaining funds are permanently given to the Foundation.

Life Insurance Beneficiary

Life insurance is an excellent way to create a significantly increased future gift through small annual gifts. When you take out a new policy listing the Foundation as owner and beneficiary, all premium payments are deductible as charitable gifts.

Retirement Plans

Consider naming the Westminster Presbyterian Church Foundation as the beneficiary of your IRA or other retirement plans. Careful planning can minimize the taxes due on retirement during life and death.

All donations to the Westminster Presbyterian Church Foundation are tax-deductible and have great tax-saving benefits. For help in setting up any of these gift plans, please contact any member of the Foundation's Board of Trustees.

You may also call the Church Business Office at 405.524.2224 ext. 223.