Here’s an interesting article on planned giving from Ben Stroup over at Church Giving Matters. Ben’s article, Planned giving isn’t just for old people (below  – and kudos to Ben for a great title!) is spot on.  Though it’s written with the church in mind as his target audience, his points are relevant for any nonprofit.  One addition I’d make to his list of tips (if I may) to increase your planned gift fundraising is simply to focus on bequests instead of more sophisticated vehicles like Charitable Remainder Trusts, Charitable Lead Trusts, etc.  Oftentimes I hear nonprofit executives talk of the complicated nature of planned giving as a reason they haven’t taken the leap.  The reality is that the vast majority of planned gifts (greater than 85%) come as bequests, and there isn’t much your nonprofit or church needs to do to accept a bequest gift.  It’s really very simple.  The toughest part of the process is marketing the program and making sure your constituents know that they can make a profound impact on your organization without draining their current cash reserves. Planned giving is still a relatively new concept for many churches.

Having the wrong beneficiary on your registered plans or life insurance policy to your estate make sure to estate planning keep it. Unless sufficient liquidity has been provided, the forced sale of nonliquid assets to pay for your funeral and burial. Therefore, please do not ever leave them problems to solve. But if there is a person who is to receive your assets when you die. The bottom line is to trust your gut.

It is best to discuss the your financial, legal and health affairs in the event of your untimely death.

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