Stewardship and Estate Planning

Estate planning may be the single largest act of stewardship that most of us will ever perform.  For more information about estate planning – including on how to include City Union Mission in your will – contact us by phone at 816-329-1475 or by email CLICK HERE.  Also, you can read the Will & Estate Planning section below.

You may want to consider making legacy-type gift to City Union Mission through the donor-advised funds we have established with the National Christian Foundation Heartland. 

The Vanderberg Ministry Foundation funds the launch of new or expands current programs, and supports costs that would not be covered by the general fund. 

The Capital Legacy Foundation funds special capital projects aimed at expanding and improving City Union Mission's shelters and programs. 

The Staff Education and Advancement Fund helps meet training goals and ensures staff quality health insurance or assists with other unforeseen expenses. 

The Children's Scholarship Fund provides funding so that homeless and poor children are able to attend City Union Mission's Camp CUMCITO, where they will enjoy a week of fun and growth.  This fund allows for improvements to the camp as well.

The Program Graduate / Client Stabilization Fund aids clients face as they reenter the work force as they encounter transportation needs, rent deposits funds, debt relief, vocational training/education, legal fees, and start up needs related to once again being on their own and starting a new home.

To donate to these funds,  CLICK HERE.

Will & Estate Planning

More than 50% of Americans do not have a current will. Why? Perhaps it has to do with the complexity of the process, the cost of documents, or the confusion of goals and objectives.

Appropriate estate planning is beneficial to almost everyone. Whether we are nearing the end of our lives, contemplating retirement, or younger with a growing family, estate planning boils down to determining how, when, and to whom we will transfer the stewardship of what God has entrusted to us when we can no longer serve as stewards ourselves.

However, every year, the vast majority of Americans who die do so without having prepared a valid estate plan. For the past three decades, the numbers have been between 70 and 80 percent. This statistic is astounding, since the U.S. tax code provides significant incentives to prepare an estate plan. These incentives are designed to make it easy for very personal wishes to be known and followed—for instance, wishes that deal with child custody, property distribution, or leaving a legacy of Christian values. In addition, a careful estate plan will often minimize costs related to settling the estate.

What is it about the preparation and declaration of one's personal wishes - the essence of an estate plan - that Americans avoid in such resounding numbers?

We have learned from our clients that several typical reasons continually arise:
 

• Distaste for Legal Documents
  Many Americans seem to have a built-in dislike of legal documents. Such documents tend to be long and difficult to understand. However, compared to the legal intricacies of settling an estate without a plan, a well-defined estate plan is easy to prepare and understand. Most attorneys will gladly provide a summary of the contents of an estate plan to ensure that the documents meet your objectives.

   

• Lack of Understanding of God's Directives for Stewardship
  Throughout Scripture, you will find references that speak clearly about what we are to do with the resources God provides us. It is very important to understand God's Word on stewardship.

  "Honor the LORD with your possessions, and with the first fruits of all your increase;"- Proverbs 3:9

  "But do not forget to do good and to share with others, for with such sacrifices God is well pleased."- Hebrews 13:16
   

• Life Gets in the Way
  The single biggest reason people fail to prepare an estate plan may fall into the category of "life just gets in the way." For some, the day-to-day routine is "too busy" to develop an estate plan. For others, it is the idea that no one plans to die, or certainly, no one enjoys planning to die. Another group’s reason is "no one can know the future,” the notion that so much may change between today and the time of one’s death.

While all of the reasons for procrastinating are understandable, none lessens the reality that the absence of an estate plan can have a devastating impact on an estate and the remaining family members.

A proper estate plan should accomplish the following:

• Express God's plan for stewardship
• Transfer the assets with which God has entrusted you to individuals and charitable beneficiaries
• Transfer your estate in a tax-efficient manner with as little heartache, cost, and delay as possible

For more information about estate planning – including on how to include City Union Mission in your will – contact us by phone at 816-329-1475 or by email CLICK HERE.