A good man leaves an inheritance for his children s children. Proverbs 13:22

Transcription

1 A good man leaves an inheritance for his children s children. Proverbs 13:22 A good man leaves us an inheritance for his children s children. Proverbs 13:22... As we read this verse in Proverbs, the inheritance a man leaves for his children and grand-children is referring to passing on our love of Christ as our Savior and being good stewards with the blessings we receive. As Christians, we do this with our family in reading the scriptures, praying, coming together in community and through our service, talents and gifts to God and the church. We thank you! Over the last several months, we have received requests about how Fellowship can guide families in their desire to provide secure planning for their future, and also how to include Fellowship in those plans. We have consulted with and met with church family members about these requests and now are excited to make this information available. We ve been asked for a method to document important family and estate information, which is enclosed in this booklet, entitled A Family Love Letter. We are also providing details about ways to include Fellowship s Endowment for the Future in your charitable gift planning. We hope the following information will encourage conversation, prayerful consideration and inspiration about how you can - 1 -

2 continue to create an impact on your family s future and the ministry here at Fellowship. The Family Love Letter will assist you in capturing information about family history, financial and estate details, and serve as a personal family record should unforeseen events suddenly arise. It s not always easy to think about what a family would need to know in difficult circumstances, but taking time together to discuss, review and document your family records can prepare those who would need it the most you, your spouse, your children and your grand-children. Our hope is that this booklet will be a comfort knowing that your family s, medical, financial and estate wishes are easily documented and in one location

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4 FINANCIAL PLANNING Love Letter to My Family From: (Effective, 20 ) Dear Family, In an attempt to make things easier for you, I have written this letter to provide you with information that will be necessary for you when the time arises: My Social Security number is: My Driver s License number is: My Passport number is: The passport can be found at: Records My important records can be found at: Advisors Some of the people you may need to contact are listed below: Attorney: Name: Address: Insurance Agent: Name: Address:

5 Accountant: Name: Address: Mortgage Holder: Name: Address: Financial Planner: Name: Address: Other: Name: Address:

6 Income I work at: Company Name: Contact Name: Phone Number: I have the following benefits where I work or worked (briefly describe): Deferred Compensation: Stock Ownership: Stock Options: Cafeteria Plan: Other: I am an owner of the following business: Business Name: Ownership Percentage: Other owner(s): Name: Contact No: Name: Contact No: I have the following benefits through my business (briefly describe): Deferred Compensation: Buy/Sell Agreement: Stock Ownership: Stock Options: - 6 -

7 Cafeteria Plan: Other: I am retired, and have the following pension income: Company Phone Number Monthly Income Survivor Benefit Other Income: I receive monthly income from the following annuity: Policy No: Monthly Income: Policy No: Monthly Income: I am entitled to veterans benefits due to the following military service: Description of military service: Years of service: From: To: Contact the Veterans Administration at: - 7 -

8 Assets Here is a list of all my accounts. I have listed a contact person and telephone number for each item, as well as the location of any documents. Custodian: Account No: Title of Account: Custodian Statements are located: Custodian: Account No: Title of Account: Custodian Statements are located: Custodian: Account No: Title of Account: Custodian Statements are located: Custodian: Account No: Title of Account: Custodian Statements are located: Custodian: Account No: Title of Account: Custodian Statements are located: - 8 -

9 Custodian: Account No: Title of Account: Custodian Statements are located: Here is a list of other investments I own: Investment: Documents are located: Investment: Documents are located: Money is owed to us by: Name: Address: Amount: Money is owed to us by: Name: Address: Amount: - 9 -

10 Liabilities Here is a list of our liabilities, including a contact name and phone number of each, as well as the location of any related documents. Liability: Documents are located: Liability: Documents are located: Liability: Documents are located: Liability: Documents are located: Liability: Documents are located: Liability: Documents are located:

11 I presently carry the following credit cards: Card No: Card No: Card No: Card No: Card No:

12 Insurance Coverage I have the following Life Insurance policies. Please check with each company and determine if: The policy allows for pre-payment of death benefits in the case of disability The policy allows you to stop making premium payments in the case of disability Type: Owner: Beneficiary: Face Amount: Location of Policy: Type: Owner: Beneficiary: Face Amount: Location of Policy: Type: Owner: Beneficiary: Face Amount:

13 Location of Policy: I have the following other Insurance policies: Disability Policy No.: Location of Policy: Long-Term Care Policy No.: Location of Policy: Health Insurance Policy No.: Location of Policy:

14 Umbrella Policy No.: Location of Policy: Homeowners Policy No.: Location of Policy: Auto Policy No.: Location of Policy: Other Policy No.: Location of Policy:

15 Documents I have executed each of the following documents, and you can find them where noted: Will: Date Signed: Location: Medical Power of Attorney: Date Signed: Location: Medical Directive: Date Signed: Location: General Power of Attorney: Date Signed: Location: Living Trust: Date Signed: Location: Insurance Trust: Date Signed: Location:

16 Charitable Trust: Date Signed: Location: Minor s Trust: Date Signed: Location: Pre-Nuptial Agreement: Date Signed: Location: Post-Nuptial Agreement: Date Signed: Location: Citizenship Papers: Date Signed: Location: Retirement Plan Beneficiary Designation: Date Signed: Location:

17 I have appointed (in the above documents) the following persons to act on my behalf if I become disabled: Power of Attorney over my Assets: 1st 2nd Power of Attorney for Medical Decisions: 1st 2nd Guardian over my Property: 1st 2nd Guardian over my Person: 1st 2nd It is my desire that the persons having the above powers of attorney act on my behalf rather than a guardian being appointed, unless my family believes guardianship is necessary. I o have / o have not attached a list of the persons I want to receive my personal property when I die. I o have / o do not have a divorce decree which may require that certain payments be made after I am disabled or after my death. This document is located:

18 General Information My Safe Deposit Box can be found at: and the key can be found at: The following people have signature authority on the box: My Personal Safe can be found at: The combination can be found at: I may receive an inheritance from: Upon my death, my heirs o will / o will not receive a distribution or benefits from a trust. If yes, the trust instrument was created by: The trust can be found at: I am currently the Trustee for a trust. If I am a Trustee, the trust document is located at:

19 I am a beneficiary of a trust. If I am a beneficiary, the trust document is located at: I am entitled to military and/or government benefits. The benefits are: I am entitled to other benefits. The benefits are: I am a member of the following religious group: I am a member of the following fraternal groups: I have provided the following for the education of my family: In the Event of My Death Funeral Home: Name: Address: Prepaid Cemetary Plot: Cemetery: Address: Plot/Drawer No: Information can be found: I am an organ donor. My donor information is located:

20 I have a deceased o spouse, o parent, o child who is buried at: and I o wish / o do not wish to be buried next to such person. I o do / o do not want to be cremated. Crematory: Minister to perform Service: Pallbearers: Special Request: Tombstone Engraving: Estate gifts to my church: In lieu of flowers, please ask for donations to:

21 Other special requests: Family History I was born in on, 19 My parents were: My maternal grandparents were: My paternal grandparents were: My children are: Born Born Born Born Born I have no children. o I have detailed information on my family s history. It is located at:

22 Desires for My Family When I am gone, I hope my family will learn from my experiences: I believe that the most important things in life are: The most important thing I have done in my life is: It is my hope that my family will use its inheritance from me to accomplish the following goals in their lives: How I would like to be remembered: I have signed this Family Love Letter this day of, 20. This document is not intended to replace my will or other estate planning documents signed by me. However, it is my express desire that each family member, Power Holder, Executor, Trustee and Guardian will use this Family Love Letter and the other documents signed by me in making any discretionary decisions for me and my family. Printed Name: Copies of this document were delivered to: Signature:

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27 Fellowship Bible Church Contact Information: For assistance with planning a funeral or memorial service, contact a pastor: Fellowship Bible Church of Northwest Arkansas Fellowship Community Pastors: Bentonville and Rogers (Sunday): Springdale and Fayetteville (Sunday): Mosaic For assistance with Estate Planning and Tax Strategies that would empower you to leave more inheritance to your family and/or the church, contact a financial professional or the Resource Development Ministry at IMPORTANT: Remember that either with the electronic version or the booklet form of The Family Love Letter, security is a priority. Store your information in a safe place. Keep a file of the paper version or the electronic document with your will