As members of First Baptist Church, many of the blessings we enjoy today are the products of dedication on the part of those before us who were not content with the status quo. Instead, they were committed to leaving future generations a rich inheritance on which to build.
We, too, have the opportunity to leave a legacy to our church through our estate planning. Estate planning is sometimes referred to as “planned giving” or “deferred giving.” The objectives of estate planning are to:
• Conserve estate assets for yourself and for those you love
• Bypass capital gains taxes
• Reduce current income taxes
• Reduce federal estate taxes
• Increase current income
As Christians and members of First Dallas, our interest in estate planning goes beyond efforts to save or reduce taxes, although this is one legitimate objective. An important part of our Christian heritage in America is that we are provided opportunities for making gifts to charitable causes. Your gift through careful estate planning can continue to support our beloved church and other Christian causes even after death.
There are several legacy giving arrangements that will help you maximize your personal benefits and accomplish your charitable giving goals. Each legacy giving arrangement can be structured to suit your individual situation.
Will – a gift to First Baptist Church may be made in your will.
Lifetime Gift – a gift where the donor receives a lifetime benefit, such as a charitable gift annuity.
Outright Gift – a gift which benefits the donor with income tax savings for the current year, such as cash, real estate, stock or life insurance.
Want to know more about making a lifetime gift, an outright gift, or a will?
Please contact Dr. Jack Terry at 214.969.7826 for assistance or to make an appointment.