Thursday, December 18, 2014

Stewardship Truths- #12

A 12 part series discussing stewardship.

By: Barry G. Allen
Leave a legacy like Abel, who offered God a more acceptable sacrifice than his brother Cain

Hebrews 11:4: "By faith Abel offered God a more acceptable sacrifice than Cain did. By faith Abel was commended as a righteous man, when God spoke well of his offerings. And, by faith Abel still speaks, even though he is dead."

Abel's offering was made in faith. His outward gift revealed his inward faith and righteousness for subsequent ages to see. His example of faith - his legacy - speaks to every generation, not simply as an immortal memory, but as a stimulus for each of us to follow Abel's example and leave a lasting legacy of our faith beyond our lifetime.

Contact Laurie Valentine or Barry Allen for assistance in how to "leave a lasting legacy" through your estate plan for the benefit of your church and other causes near and dear to your heart.

Tuesday, December 16, 2014

12 Steps For Christian Estate Planning

By: Laurie Valentine- COO & Trust Counsel

A Christian estate plan is one you develop by determining how God wants you to: (1) provide for your family and other “dependents” at your death and (2) have your finances managed and decisions made for you if you became incapacitated and no longer able to do those things for yourself.

Step #12 Don’t Wait! Failing to plan is really planning to fail. And, failing to keep your plan up-to-date may be even worse.

You don’t have to have all the answers to get started. Most estate planning documents are changeable. So, you can start with fairly simple documents and then “tweak” them from time to time throughout your life as you sense God’s plan for how you should provide for your family and other beneficiaries changes.

And, make sure to review your plan on a regular basis (every three to five years) and also when there are significant changes in your family (births, marriages, deaths, etc.) and/or in what you own. Look at everything---your estate planning documents; how all assets are titled; and beneficiary designations. Determine if: (1) the alternate beneficiaries for the shares of beneficiaries who have died are still who you want; (2) the possibility you might have more children/grandchildren was provided for in your existing documents; and (3) the persons named to serve as executor, trustee, power of attorney are still willing and able to serve in those capacities.

For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533.

The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.

Tuesday, December 9, 2014

Simplify…Multiply…Dignify

By: Barry G. Allen- President & CEO

With all of life’s complexities with which we are bombarded daily, the idea of simplifying anything sounds refreshing, does it not? Even though we Christians know the reason for the season we still seem to get caught up in the complexities of shopping, cooking, entertaining and traveling and miss the full blessings of giving.

So, why not simplify your life, avoid some of the complexities of the holidays, do more for Christ and make sure your giving reflects the true spirit of Christmas.

And while you are at it, why not multiply your giving to make your gifts go further? If you are about to write checks to your church and other charitable organizations let me suggest you consider instead gifting appreciated stocks or mutual fund shares, if that is an option for you. By gifting appreciated assets you avoid the capital gains tax, and therefore, lower the cost of your gifts or multiply the value of what you give versus cash gifts.

In addition, why not consider establishing with the KBF a donor advised fund to which you can make cash gifts and appreciated stock gifts to take advantage of the tax deduction in 2014 but defer the distributions to your church and other charitable organizations to 2015 or later? This is another practical way to multiply your giving. Call Laurie Valentine or me toll-free for more information on this simple, but effective tax-advantaged giving option.

Finally, why not dignify your giving by considering a legacy gift that pays tribute to someone you love, or one that would perpetuate your own Christian witness beyond your life time? A legacy gift to the KBF to establish a permanent endowment for the perpetual benefit of your church and other charitable organizations near and dear to your heart would be a wonderful way to dignify your 2014 giving. You could start with a modest gift and make additional gifts in the future, including a bequest or beneficiary designation in your estate plan. Laurie and I are just a toll-free phone call away to assist you.

Tis the season to simplify, multiply and dignify.

For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533.

The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.