Oklahoma Conference of the United Methodist Church

Ideas for Giving and Saving for Your Family -- The Oklahoma United Methodist Foundation


Many people believe they have to decide between keeping their money, giving to family, or supporting their favorite charitable causes. However, even while giving generously to charity, you can profit from your investments, save for your family, and support causes that are important to you.

By incorporating your church or favorite ministry into your plans, you can create options with benefits that go beyond making direct cash gifts to your loved ones.

Charitable Remainder Trust

With the charitable remainder trust, or CRT, you can transfer almost any asset to create an income stream that will provide for your loved ones after you are gone. Most often, these plans are written to pay income to family members for a term of up to 20 years.

CRT Benefits

  • Avoid capital gains tax with the gift of appreciated assets
  • Receive an income tax deduction immediately for part of the funding amount
  • After payments are made to your family, the remainder goes to help the ministry or cause of your choice

Charitable Lead Trust

A charitable lead trust (CLT) is similar to a CRT but provides income to your church or a ministry for a number of years, then gives what remains (plus growth during the trust term) to your family. The CLT gives you an unparalleled way of transferring wealth to your family while minimizing gift and estate taxes.

Life Insurance

Life insurance is also a tool you can use to achieve surprising results for your loved ones.Life insurance alone is a relatively inexpensive way to provide your family with a tax-free inheritance. Life insurance coupled with a CRT is another way to create lifetime income for yourself, fund an insurance plan for your family, and make a significant gift to your favorite ministry or church.

Contact us to learn more about charitable trust and life insurance plans. With just a little planning, we can help you provide for your family and give to the causes you care about. Call or email David Battles at 800-259-6863 or dbattles@okumf.org  to view this plan for your family.


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