- How can I share personal comments with my loved ones along with my will?
- I don’t have a big “estate.” Do I really need a will?
- How much should I leave to charity in my will?
- I’d like to include a gift to Westminster Seminary California in my will. What language do I need to give my lawyer?
- On the topic of drafting our wills, my spouse and I are “stuck.” What do you recommend?
A: A spiritual love letter, sometimes referred to as an “ethical will,” is a meaningful way to communicate your Christian values, life lessons and blessings to your loved ones. It is an informal document separate from your legal will, but it should be kept in the same safe location, where your personal representative knows how to find and access it.
Most people include these three basic elements in their spiritual love letters:
1. Beliefs and Values. What are your core beliefs about God? How have your faith and convictions guided the way you’ve lived your life?
2. Life Lessons. What are the most important things you’ve learned from your mentors? What truths have you gleaned from life’s victories, challenges and disappointments?
3. Messages of Hope. Which Scriptures have brought personal encouragement? What are your greatest hopes and prayers for your loved ones? What blessing do you want to offer them?
A: In the absence of a will or trust, the destination and ultimate use of your belongings will be determined by your state’s government when you go to be with the Lord. Maybe the government will make all the same decisions you would have made – but then again, probably not.
When, however, you have a properly executed plan in place, you proactively ensure your God-given resources are used in a way that reflects your goals and values.
A legal will can also help you…
- Minimize family disputes,
- Protect your spouse and heirs from unnecessary taxes and legal fees,
- Establish guardianship for minor children,
- Provide for children or loved ones with special needs and
- Give in a profound way to Westminster Seminary California and the other ministries close to your heart.
Through Westminster Seminary California’s partnership with Barnabas Foundation, you have access to a new resource through which you can complete your legal will – fast and 100% free!
A: Your best answer depends on your circumstances, objectives and values. However, many families consider one of three giving models.
1. Percentage or Tithe. Many individuals allocate a certain percentage of their will toward Westminster Seminary California and other Kingdom causes. Some designate 10 percent to reinforce the biblical concept of tithing to their families.
2. Child Named Charity. Some families choose to add a “child named Charity” to their wills. By this method, for example, if a couple had four children, each of the children would receive 1/5 of their belongings, and the remaining 1/5 could go toward charity.
3. Gifts of Assets. People often designate real estate, business interests, life insurance, retirement assets, machinery or even personal collections as gifts to Westminster Seminary California. There are a number of reasons people do this, whether it’s because the property has special meaning, their children have no further use for it or because they wish to protect their families from unnecessary taxes.
Through Westminster Seminary California’s partnership with Barnabas Foundation, you have access to complimentary planning support, from a Christian perspective. A Barnabas Foundation planner will help you develop a plan that honors God, cares for your family’s needs and supports the causes that matter most to you.
Q: I’d like to include a gift to westminster seminary california in my will. What language do I need to give my lawyer?
A: Thank you for considering a gift to Westminster Seminary California in your will! By doing so, you will model to your loved ones a steadfast commitment to financial stewardship, charitable giving and building God’s Kingdom.
By using the following language in your will, you ensure that Westminster Seminary California continues to educate future pastors for Christian churches well beyond your lifetime.
I give to Westminster Seminary California, a nonprofit ministry with its principal offices located at [ADDRESS, CITY, STATE] [the sum of $____] OR [____% of the residue of my estate], to be used [for its general purposes] OR [designated purpose]. If, in its opinion, the need for funds for the designated purpose no longer exists,Westminster Seminary California is authorized to use these funds for a similar purpose.
Take the next step in putting a plan in place today by requesting “How to Give to Westminster Seminary California in Your Will.”
A. Congratulations! You’re in good company.
Whether it’s because of difficult family dynamics, strong emotions, complex property holdings or just a lack of clarity about what to do and when, many couples struggle to navigate the estate planning process. In fact, the best statistics show 60% of Americans don’t have an up-to-date will in place!
But just because it’s common, doesn’t mean this should be your story!
Many couples enlist the help of a trusted planner to guide them through these important conversations. Experienced planners have waded in these deep waters many times before, and they can help you identify creative solutions to move forward.
Through Westminster Seminary California’s partnership with Barnabas Foundation, you have direct access to this kind of trusted planning support. At no cost to you, you can speak with someone who not only understands the tax-wise options available, but who also approaches planning from a values-driven, God-honoring perspective.