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 home > Get Involved: Give your family the gift of a secure future
Protect your family's future while helping Alabama's needy children
Did you know that you can provide for your own family's future needs while, at the same time, you help needy children throughout Alabama? Let the estate planning professionals at Alabama Baptist Children's Homes & Family Ministries show you how.
We suggest these estate planning options that won't involve any expense or professional fees:
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Amend an existing insurance policy to add Alabama Baptist Children’s Homes & Family Ministries as an additional beneficiary or simply purchase a new insurance policy to benefit the Children’s Homes.
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Visit the personnel office at your employer and ask to amend your group life insurance policy or retirement plan to add Alabama Baptist Children’s Homes & Family Ministries as one of your beneficiaries. Or add the Children’s Homes as a recipient if another person predeceases you.
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Instruct your lawyer to prepare a simple, inexpensive codicil to your existing will to create a bequest for Alabama Baptist Children’s Homes & Family Ministries.
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If you are over 65 and disappointed with the income you are receiving from your long-term stocks or your certificates of deposit, consider the benefits of placing some of your assets in the Pooled Income Fund of Alabama Baptist Children’s Homes & Family Ministries. Most likely, your lifetime income would increase. In addition, you would avoid capital gain taxes and receive a current income tax deduction for a portion of the gift. After your death, the remaining principal could be used to create an endowment fund in your memory.
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Deed your house to Alabama Baptist Children’s Homes & Family Ministries and continue to live in it. Your income tax savings from the gift may cover the legal costs.
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Leave written or verbal instructions for your surviving spouse to include Alabama Baptist Children’s Homes & Family Ministries when redrawing his or her will. Redrawing his or her will will be necessary in any case.
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If you have a sizable estate, let estate design professionals at Alabama Baptist Children’s Homes & Family Ministries show you how to create periods of years before distributing the principal to your children or grandchildren. This technique may allow you to make a substantial gift at a cost as low as five cents on the dollar and avoid taxes which might otherwise claim as much as 60 percent of your estate.
There are many ways to benefit Alabama Baptist Children’s Homes & Family Ministries through planned gifts. Some of these ways will provide you with positive benefits during your lifetime.
Alabama Baptist Children’s Homes & Family Ministries offers help to you at no cost nor obligation. For more information, telephone Bob Dewhurst at toll free 1.888.720.8805, email Bob Dewhurst, or write to him at:
Alabama Baptist Children's Homes
ATTN Bob Dewhurst
P.O. Box 361767
Birmingham, AL 35236-1767
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