The first steps in planned giving are often the most difficult. The first step
may be to decide what portion, of what the Lord has blessed you with, you want to
leave as a legacy that serves and glorifies Christ.
There are Hawaii Baptists living today who have already taken these exciting
steps. They have made plans to ensure that what they have today will continue to
support the cause of Christ well beyond their lifetime. Three of the most common
approaches to deciding what portion to give are tithing your estate, giving an equal
share, and giving your estate twice.
TITHING YOUR ESTATE
Many Christians have tithed (given a tenth) of their earnings to their church
for many years. Few, however, realize that they probably haven’t tithed the value
of their estate. Estates largely evolve not from earnings, but from appreciation
in the value of stocks or real estate.
To tithe your estate, simply state in your will that 10% of the value of your
estate be given to the Hawaii Baptist Foundation to pass on as you have directed
to Kingdom causes.
GIVING AN EQUAL SHARE
You may wish to add the Lord’s work to your list of heirs of your estate. For
example, if you wish to provide for each of three children in your will, instruct
that the value of your estate be divided four ways, with the fourth portion being
given to Kingdom causes through the Hawaii Baptist Foundation.
Then write a simple letter to the Foundation with instructions regarding which
Christian organizations you want the Lord’s share to go. They will do the rest,
including all the record keeping, investing, and distributing; should you wish to
provide ongoing, endowed support for the organization(s).
GIVING YOUR ESTATE TWICE
It’s possible to give the total value of your estate to your heirs and to the
Lord’s work, over time. How? By placing your estate in trust at the Hawaii Baptist
Foundation, instructing the Foundation to make distributions to your heirs out of
the earnings each year, until your heirs have received the same amount after taxes
they would have received directly. After several years, up to about 15, they will
have received the full value of your estate and the principle of your estate will
still be at the Foundation, to be distributed at that time to the Kingdom causes
you designated. You will have given your estate twice, once to your heirs, and once
to the Lord’s work.