Why should Christians create an estate plan?
Christian, you are a steward of your possessions who strives to manage
your blessings in an efficient and God-pleasing manner. An estate plan
is a powerful tool to help you manage your estate, even after your time
on earth is past. You can use your estate plan to express your faith in
Christ and your confidence in your eternal salvation. You can also
create a plan that reduces the amount of government taxes and legal
fees, which preserves a larger portion for your family and favorite
What are the components of an estate plan?
are various tools that are available to you. Estate-planning
professionals can guide you through the process of selecting the tools
that match your personal goals. At minimum, people should create a will,
a power of attorney for finance, and a medical directive. Many people
will also include a trust as part of their comprehensive plan.
How do Powers of Attorney fit into my estate plan?
your Power of Attorney for Finance, you select the person, called your
power of attorney, who will handle your financial matters if you are
unable to handle them yourself. Since this person is managing your cash
and investments, it is wise to select a person who understands your
philosophy of Christian stewardship and is willing to make decisions
that are consistent with your wishes.
Your Power of Attorney for Health Care allows you to designate your
health care agent and to communicate your wishes regarding end-of-life
medical care. Within the medical community, the patient is giving
autonomy over his/her medical decisions. If you are unable to make your
own medical decisions, you want a health care agent who will make
ethical decisions that are consistent with Biblical principles and also
be reflective of your personal wishes.
These documents help you communicate your Christian perspective
regarding the principles of stewardship and the value of human life.
These two documents are extremely important, because they provide
directives that apply while you are still alive.
What are the benefits of a deferred gift?
are many benefits to deferred giving. The size of your estate could
allow you to make larger gifts that were not possible during your
lifetime. Deferred gifts can have a significant impact on those who
receive the gift, including some long-term benefits for your heirs. You
can set a wonderful example of Christian stewardship for your family.
Above all, you can express your love to those who will receive the
benefits of your gift.
What are the benefits of a charitable deferred gift?
Once you have provided for the needs of your loved ones, you can also
consider a gift for your church and KML. Gifts to your church or KML are
powerful ways in which you can support your favorite ministries,
provide for sustained Gospel outreach, and ensure that future
generations will have wonderful opportunities to worship and grow in the
knowledge of their Lord and Savior. In addition, charitable deferred
gifts will provide potential tax benefits that will enhance the overall
impact of your estate.
What is the KML Foundation?
The Kettle Moraine Lutheran High School Foundation, Inc. has been established to invest and
preserve gifts for perpetual support of the people and programs of KML.
As a unique and separate organization, the Foundation Board of
Directors annually uses the growth of the funds to assist families and
advance the mission and vision programs of its high school.
To discuss a planned gift to KML, contact your KML Estate Plan and Deferred Gift Counselor,
Paul Snamiska, at 262-677-4051 x1116 or firstname.lastname@example.org.
The information that is provided on this site is for educational purposes only. Consult your personal tax consultant, attorney, or financial planner for specifics that apply to your personal situation.