Planned gifts are retirement assets, bequests, trust, etc. There are several types of gifts that may fall under this category, many of which are very simple to make. These gifts include the following:
1) Life Insurance: you can simply name Dublin Baptist Church as a beneficiary.
2) Retirement Assets: you can name Dublin Baptist Church as a beneficiary of your IRA, 401(k), or other qualified retirement plan. Any amounts remaining in your plan, free of income and estate taxes, will transfer to Dublin Baptist Church
3) Bequests: you can name Dublin Baptist Church in your will as a beneficiary, and your estate will receive an income tax deduction for the value of your bequest. A bequest written in a will can be made for either a percentage or an amount.
After age 70 1/2, the government requires you to take a minimum distribution on any retirement account. You can direct your retirement fund manager to give your minimum distribution to Dublin Baptist Church.