Legacy Labor Force – Wills and Trusts

Your bequest gift made through a will or revocable living trust may be the most significant act of stewardship you will accomplish in your lifetime.  A charitable bequest is extremely flexible. Because it is not payable until death occurs, it can be modified during your lifetime to reflect your current commitments and goals.  It does not affect your assets or cash flow while you are living.

Here are some potential benefits:

  • There are no limitations on bequest gifts
  • Bequests may be made for a general or specific purpose.
  • All bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes resulting in a larger inheritance for your heirs.

The following examples are suggested to help you consider how best to word your intent.

Leaving a Percentage of your Estate
“I bequeath ten percent (10%) of my estate to St. Joseph the Worker (SJW), to be used for the general purposes of the organization at the discretion of its board. SJW is located at P.O. Box 13503, Phoenix, AZ 85002-3503. Their Federal Tax ID number is 86-0600437.”

Leaving a Percentage of the Residue (amount for ministry after taking care of family and friends) of your Estate
“I bequeath twenty percent (20%) of the residue of my estate to St. Joseph the Worker (SJW), to be used for the general purposes of the organization at the discretion of its board. SJW is located at P.O. Box 13503, Phoenix, AZ 85002-3503. Their Federal Tax ID number is 86-0600437.”

Leaving a Fixed-Dollar Bequest
“I bequeath ten thousand dollars ($10,000) of my estate to St. Joseph the Worker (SJW), to be used for the general purposes of the organization at the discretion of its board. SJW is located at P.O. Box 13503, Phoenix, AZ 85002-3503. Their Federal Tax ID number is 86-0600437.”

We suggest using percentage wording for your will or trust to ensure that your plans remain in balance regardless of increases or decreases in the size of your estate.

As you review the relationships in your life, your ministry giving can often represent some of the most important of these relationships. Today, as some donors prepare their wills and trusts, they divide their estates as if “ministry” were an esteemed member of their family. They set aside a portion equal to that of other family members and then divide that portion among the ministries that mean so much to them.

Contact Us
For further information and assistance, please contact Brent Downs at 602-223-3463 or bdowns@sjwjobs.org.

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