PLANNED GIVING & TRUST SERVICES
The crowning act of Christian Stewardship
“Behold, what manner of love the Father hath bestowed upon us, that we should be called the sons of God. This love is without a parallel, giving to men the relationship of sons to God. Therefore the Father expects obedience from His chil- dren; therefore He requires a right disposition of the property He has placed in their hands.” Ellen White 4 Testimonies, p. 124
ESTATE PLANNING
Last Will & Testament
Your Will is one of the most important documents you will sign during your lifetime. Its preparation requires careful thought and wise planning to be certain your material possessions that God has trusted to your care will be distributed in accordance with your wishes.
Who needs a Will?
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Every adult who has accumulated a lifetime of assets.
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Young parents who are concerned about the guardianship of their children in the event of a common disaster.
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Single persons of all ages who desire to direct what is to happen to their assets.
Is a Will necessary?
If you die without a Will, the court must divide your property according to the law of the state in which you reside at the time of death. These laws do not take into consideration the educational or financial needs of your family, or the Lord’s work.
The New Jersey Conference and its employees no longer accept the role of Executor/Personal Representative in new Wills.
Living Trust (higher costs up front)
Assets in trust by-pass probate (succession) helping to save your estate time and money.
Reasons to consider a Living Trust:
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When you have a large number of properties/assets in your estate
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To save your grown children from themselves (spend-thrift protection)
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Ensure family’s privacy and all information is kept in strict confidence
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When you desire a complex distribution
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Assure that the family beneficiaries will get their honest portion, as per agreement
The New Jersey Conference and its employees no longer accept the role of trustee or successor trustee on new living Trusts.
Charitable Remainder Unitrust (Give-It-Twice)
Transfer IRA or other assets into trust with charity with lifetime or term (up to 20 years) payments to one or more beneficiaries (children or others). Remainder of trust goes to charity at the end of term. This trust is an irrevocable contract. Available through Western Adventist Foundation.
Beneficiary Deed
Transfers real estate to named individual(s) or organization(s) outside of probate at death of last spouse. An affordable alternative to a trust for simple estates.
Beneficiaries on Retirement Funds (IRA) , Life Insurance, and Bank Accounts (checking & savings)
Transferable on death benefits are available on many financial accounts. Take time to name alternate beneficiaries and these individuals or organizations can receive the funds directly without passing through probate/succession. If naming multiple beneficiaries, use percentages to direct distribution.
Attorney Fee Reimbursement
If it is your desire to leave a gift to one of the New Jersey Conference organizations (such as your local church, school, Tranquility Camp or conference funds), we will reimburse you 100% of the attorney fees per household for Wills, Power of Attorneys, Living Wills, or Trusts if you remember New Jersey Conference or any of our organizations with a 10% gift for Wills and 15% gift for a Trust.
Matthew Bach Law Firm in North Brunswick provides services for our Planned Giving documents. Please contact Rachel Linares or Carlos Portanova at 609-802-0860 for more information on how to create your documents.
Services from Western Adventist Foundation
Serving SDA donors for over 20 years
Charitable Gift Annuity (CGA)
A CGA is a contract in which a donor makes an irrevocable gift to an SDA organization and receives a tax deduction and fixed income payments for life.
New Jersey Conference requirements: $10,000 minimum and over 65 years old to receive returns.
Charitable Remainder Trust
A charitable trust allows members to transfer many types of assets into it and leave the remainder to an SDA charity. When a trust is managed by WAF, the funds are invested according to a strategic template unique to each donor, and income can be received by the donor, beneficiaries, or an SDA entity.
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Revocable Cash Asset Trust (RCAT)
The RCAT provides members with a way to place cash assets in a trust that will be invested by WAF, and can pay income to the donor or back to the RCAT. This revocable agreement allows the donor to add or remove funds at any time. At least 1% of the value of the RCAT must go toan Adventist Organization upon death or the termination of the trust. New Jersey Conference requirements: $50,000 minimum
Adventist Donor Gift Fund (ADGF)
The Adventist Donor Gift Fund, a fund within the BNY Mellon Charitable Gift FundSM (“Gift Fund”), offers a simple and tax-efficient way to maximize the impact of your charitable giving. Contributions may be eligible for a tax deduction and grow tax-free, leveraging the value of your philanthropy. Grants are distributed at your own pace, providing the opportunity to develop a strategic approach that better supports your philanthropic vision.
How it Works
Contribute
Make irrevocable gifts of cash, securities, or complex assets to the Adventist Donor Gift Fund, with a split into two accounts:
• 25% to Adventist Only Account: Grant to an Adventist Participating Organization only
• 75% to Discretionary Account: Grant to eligible charities (including Participating Organizations)
Invest
Recommend the investment strategy that best fits your giving plans.
Grant
Research charities and make grant recommendations online. Track grant and gift history, change investment options, view statements, and manage your account online.