A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Gospel for Asia that will make a lasting impact.
With the help of an attorney, you can include language in your will or trust specifying which of your assets you'd like to give to family, friends and/or Gospel for Asia as part of your estate plan: or you can make a bequest using a beneficiary designation form.
If you have any questions about leaving a bequest to GFA, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Gospel for Asia as part of your estate plan, please take the time to let us know. We would like to thank you and provide information that may be helpful to the administrator of your estate.
The method used to make a bequest will depend on the kind of gift you choose to leave to Gospel for Asia.
Bequests of real estate, personal property, business interests and cash are typically made by way through a will, revocable trust or even a simple codicil to your current estate plan. Your estate-planning attorney can assist you in preparing the necessary papers for you to complete the bequest.
Bequests of retirement assets, insurance policies, bank accounts and stocks and bonds are typically made by completing beneficiary designation forms. Simply contact your retirement plan administrator, life insurance company, bank or investment broker and ask them to send you the appropriate "beneficiary designation" or "payable on death" form. You will need to complete and sign the form and then send it back to the person who originally sent the form to you.
The last step in leaving any bequest involves the transfer to charity. When you pass away, the bequest property will be transferred to Gospel for Asia. The full value of this gift will be transferred tax-free and your estate will receive an estate tax charitable deduction.