Ministries: Legacy Ministry

Table of Contents

Contact Legacy Ministry

Contact the the Legacy Ministry at LegacyMinistry@st-andrew-umc.com.

FACTS—Financial Advisors as Counselors, Teachers and Stewards

(A Legacy Ministry)

Vehicles for St. Andrew .
Links to Internet Resources for your personal financial and estate planning. Links to information on financial matters for youth.

Who we are. (brief bios of the Committee members) What we are about. (a description of the scope of our ministry)

Our Mission Statement: To invite, educate and inspire effective and passionate stewardship of our gifts from God.

  • The IRS has issued a very nicely done page IRS Offers Tips for Year-End Donations at IRS Newsroom *

Programs, Seminars and Information

We will be developing comprehensive programs on estate and financial planning issues as they affect your life stewardship.

Calendar of our programs and other related activities:

Estate Planning – Beyond the Basics Thursday, March 25, 7- 9pm. For those who have some familiarity with estate planning, this program takes it a step further. We will discuss lifetime gifting techniques including the use of family business entities, as well as charitable remainder/charitable lead trusts. What are the pros and cons of irrevocable life insurance trusts? We will discuss “disclaimer” and “formula” Wills/Trusts used in advanced tax planning. When should you use a QTIP (Qualified Terminal Interest Property) Trust? What are the issues with using a GRAT (Grantor Retained Income Trust)?  How can SCINs (self-cancelling installment notes) fit into your estate planning? Sign up at the Pathways Desk in the Foyer.

This presentation is well-suited for those who know about the basic concepts of estate planning, probate vs. non-probate, beneficiary designations and simple tax planning for their estate. Led by Don Kelley and Woody Herring, both presenters are long-time members of St. Andrew and have decades of experience as tax and estate attorneys. 

We encourage you to check to check out the web site of the United Methodist Foundation - Rocky Mountain Conference for their many available stewardship services.

Vehicles for St. Andrew

St. Andrew accepts donations of motor vehicles in cooperation with Vehicles for Charity. To donate a vehicle call Chuck Curtis at church or go the Vehicles for Charity web site, select “Donate a vehicle,” choose Colorado and then select “St. Andrew United Methodist Church.” You will get a tax deduction and free removal of the vehicle.

For more information about donating vehicles see IRS - Making A Car Donation

Links to Internet Resources for your personal financial & estate planning

Creative Ways to Express your Christian Stewardship – explanations of estate planning, wills and charitable giving from the National Association of United Methodist Foundations

Rocky Mountain Conference, United Methodist Foundation – The Methodist Helping Methodist Fund, investments and loans.

Rocky Mountain Conference UM Foundation Planned Giving Site.

AICPA webpage that focuses on personal finance topics, including articles, calculators, and tools you can use to analyze a home purchase.

MSN MoneyCentral has very useful personal financial management materials, including recommendations for the prevention of identity theft.

Qwest News and Information Resources – links to major financial news sources

Revocable Living Trusts – Explanations and Analysis (informative materials from various organizations)

Wills, Why You Should Have One – from the American Bar Association

Protecting Your Property - Wills, Powers of Attorney & Trusts

Videos for PBS produced by the American College of Trust and Estate Counsel – “Death and Taxes,” “Disability Strikes” and “Life and Death Decisions”

TurboTax for the Web – Information on planning your income taxes, retirement and investments

IRA Questions and Answers – From the Internal Revenue Service

Retirement, IRA and other Financial Planning calculators – online calculations

Investing Basics – A short course in the basics of investments

Calculators for Investments, Mortgages & Household Finance & Mortgage Info – From Mortgage-Calc.com

Financial Planning Toolkit – Planning Guides, Calculators and Tools, from CCH

Identity Theft – From the Federal Trade Commission on how to protect yourself

Home Refinancing Calculators – Various financing and refinancing options on a home

Links to information on financial matters for youth

Wealth and the Family – A list of books on family financial management and teaching life stewardship to children, by Jon & Eileen Gallo, authors of Silver Spoon Kids.

Investing for Life - A simplified guide to the complex world of investments and personal finance for teenagers, from the Investment Education Institute and the National Association of Investors Corporation - See Youth Investing for more information

College Savings Plans Comparison – a chart from the Motley Fool Web site

College Savings Programs – Specific for Colorado residents (section 529 plans)

IRS Publication 970 – Tax Benefits for Education (requires Adobe Reader)

The Sallie Mae site – Preparing for college, selecting a college and information on obtaining and managing student loans. Also see Citibank Student Loans

Fastweb – A site for discovering available College Scholarships, from the Denver Post

Babymint and Upromise offer rebates on purchases made through various retailers and channels them into college savings programs, such as 529 plans or Coverdell accounts.

Youth and Money – Online financial game playing

 

Stock Transfer Schwab

Download Stock Transfer Document

 

Legacy Ministry Roles and Responsibilities

Ministry Team/Standing Committee:  Legacy Ministry

Mission/Purpose Statement:

The purpose of this Committee is to provide educational programs and offer individual appointments to the members of this congregation to learn about the options which are available for gifting, and creating a financial legacy through the endowment fund of St. Andrew.

Primary Responsibilities/Activities:

1.         Meeting individually with members of the congregation to discuss their financial resources and possible gifting to St. Andrew.

2.         Provide educational financial workshops for the congregation of St. Andrew.

3.         Provide ongoing support or services to the Pastoral Staff and Leadership as requested regarding estate planning, legacy planning, and or gifting/Endowment programs.

Members on Ministry Team or Standing Committee:

Wilma G. Anderson,  IAR, RFC
Don Kelley, JD
Mark Phillips, CLU
Benita Creacy, CFP
Dominick Fionda

  

 

August 2007

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