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Friends of Bluewater can choose a wide variety of alternatives to provide support through their estate plans. Many of these plans provide significant tax benefits to the donor/ grantor. Examples are:
- Bequests through a Will or Trust to provide a percentage or fixed amount from the estate.
- Naming Bluewater Covenant Bible Camp a beneficiary of a Charitable Gift Annuity providing a present tax deduction and a generous life income to the donor(s), with the remainder to benefit Bluewater after the donor’s death
- Designating Bluewater as beneficiary or owner of a life insurance policy or remainder beneficiary of an Individual Retirement Account (IRA).
- Establish a Memorial Endowment Fund to provide perpetual funding for general needs or deignate ministry needs of Bluewater.
With the right plan, you can fulfill your charitable desires, achieve your personal financial objectives and optimize present and future tax benefits. Covenant Estate Planning Services can provide consultation and assistance without cost or obligation. For more information contact Covenant Estate Planning Services (763) 732-1566 or go to www.CovenantTrust.com