Planned Giving

Estate Planning acknowledges the Sovereignty of God over our finances. Our responsibility is to manage His blessings in our lives in a way that glorifies His name and cares for our loved ones.

 

EstatePlanning can help you:

  • Provide for your loved ones
  • Reduce taxes for you and your heirs
  • Protect your assets
  • Generate lifetime income
  • Determine the timing of asset distributions
  • Allow you to leave a lasting legacy for the women and children at the Pandita Ramabai Mukti Mission

Estate Planning will impact the women and children at Mukti for generations.

Here are some areas where your Estate Planning should be followed up with your tax or legal advisor(s).

  • Beneficiary Designations — Your IRA, 401K, other retirement accounts, life insurance policy, bank or investment accounts all list beneficiaries. You can add Mukti Mission US as a beneficiary quickly, easily, and free of cost.
  • Wills — A legal declaration of your wishes regarding the distribution and disposal of your assets after death.
  • Trusts — Multiple types of trusts provide benefits for you and your heirs.
    • Living Trust — Similar to a will but is private and allows you to avoid probate.
    • Charitable Remainder Trust — Funded with cash and/or other assets, now or at your death, a CRT provides income of a percentage of the value of the trust each year for the number of years you determine. After that, the remainder will go to Mukti Mission US.
    • Charitable Remainder Annuity Trust — Same as above, but with a fixed income from the trust each year, which is determined when the trust is funded.
    • Charitable Lead Trust — Income from the trust goes to Mukti Mission US for a determined number of years, and afterward the remainder goes to individuals.
  • Charitable Gift Annuity — Funded with cash or securities, a CGA provides fixed annuity lifetime payments to you (and/or someone else you designate). Then, after you go to be with the Lord, Mukti Mission US receives the remaining balance in the CGA. A portion of your contribution is tax-deductible in the year the CGA is funded. Also, the capital gains tax on securities used to fund the CGA is reduced, and a portion of the annuity payments are tax-free.

DISCLAIMER:  This information is provided for informational and illustrative purposes in the realm of Estate Planning. It is not intended, nor should it be used as legal, accounting, or other professional advice. Always seek legal and tax advice from your professional advisor(s).