Good stewardship involves planning for your future, including giving to family and ministries that you love. The Lutheran Foundation of the Southwest is a trusted partner to walk you and your family through the planning process. With a depth of expertise and a variety of financial planning tools, we will assist you every step of the way. Covering all important areas together, you can rest assured your philanthropic intent is honored and your legacy continues into the future.
A Living Trust (also called a management trust) is a revocable legal document that, like a will, specifies who is to handle your affairs if you are incapacitated or after you die, and who is to receive your assets. It offers privacy, asset management and possible estate tax savings unavailable with a standard will. Whereas a will cannot take effect until death, protective provisions of a living trust can take effect upon incapacity to assure that the wishes of the individual are carried out.
We hope you’ll consider including an endowed gift to one or more sponsoring agencies through The Foundation in your will or living trust. To make a charitable bequest, you need a current will or revocable living trust. Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, The Foundation receives your gift.
Life Income Agreements
Life Income Agreements enable a donor to receive a steady income stream for life or a set number of years from appreciated assets that may have been producing little or no income for the donor. These irrevocable agreements offer favorable tax treatments to the donor. The Foundation focuses on three types:
- Charitable Remainder Unitrusts (CRUT)
- Charitable Remainder Annuity Trusts (CRAT)
- Charitable Gift Annuities (CGA)