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IN THE LATE 1980S, THE WEIMER’S SET UP THEIR FIRST WILL. 

It was a fairly simple process and they felt more secure knowing where their assets would go if something was to happen to them. Moving forward to 1993, Greg was working in administration at Grace Brethren International Mission (now Encompass World Partners) when his boss, Tom, approached him about taking on more of a fundraising role with the mission. This would be Greg’s first real introduction to fundraising and the importance of planned giving.

THROUGH THE YEARS…

Greg has learned that having a will and planned giving set up is important, no matter your age. Putting together a will in your twenties will guarantee your assets (no matter how little) will be handled the way you wish. Greg suggestions you review your will at least a few times throughout your life, especially after the birth of a child, gaining an inheritance, or when you retire.  

Planned giving is no different.

All of our giving should be planned in the sense that we should prayerfully consider the many ministry opportunities that surround us, and then “plan” how we can best advance the ministries that have touched our hearts. This is commonly done through a will or a trust. Often, the most impactful or largest gift will be a planned gift. Aside from the size of the gift and the legacy statement it makes, there also may be tax reasons for making such a gift. A complete estate plan could be a vehicle for asset protection and succession of assets to the next generation.

Your first step in setting up an estate, which could include planned giving, is to seek out an attorney or a financial advisor you trust. Most attorneys have a checklist of items to consider when establishing a plan. If assets are being transferred to another generation, it is especially wise to investigate the options earlier rather than later. When your planned gift is in place, Greg would encourage you to then contact the organization and let them know.

TO LEARN MORE ABOUT SETTING UP A PLANNED GIFT, PLEASE VISIT OUR WEBPAGE: LEAVE A LEGACY