“We knew that we had procrastinated when it came to establishing an estate plan because we did not want to face all of those “big” like who would serve as guardian for our minor children and who should receive various assets. Daystar helped us to realize any plan can be a foundation and we can work on getting things perfect as we continue. An estate plan can be fluid and created to fit our own circumstances now and then changed for later as our family grows and develops.
“What a tremendous relief to know that my estate planning needs are secure and that I know the assets we’ve worked hard for are preserved and passed on to the Kingdom of God.”
“We wanted to insure that our family members and other beneficiaries were taken care of if something happened to us so they might have a direction if something ever happened to us whether it be temporary or permanent incapacity. Daystar helped us to develop something that was tailor made for our life situations.”
A bequest is a planned way to sow seeds for the Kingdom by including Daystar in your will. With your attorney’s help, this can be a way to save on or avoid estate and gift taxes. Distributions can be made either as a specific dollar amount or as a percentage of the estate.
A bequest can take one of the following forms:
Many companies will match donations given by their employees to a non-profit organization. Check with your employer to see if they have an Employee Giving Campaign. If they do not, often times you can notify your supervisor and the company will provide Daystar with a form to fill out to start the process.
Daystar welcomes such donations as: buildings, land, vehicles, aircraft, jewelry, vacation homes, boats, Oil & Gas leases, motorcycles, stocks & bonds, rental property and art work.
Selling a business can lead to significant income and Capital gains taxes. With your attorney’s help, you can often use a charitable trust offered through Daystar Television Network to minimize or eliminate these taxes
A gift of real estate can provide considerable savings in capital gains taxes due upon the sale of appreciated property. At the same time, you receive a charitable deduction for the full market value of the property as determined by appraisal. Gifts of appreciated real estate are fully deductible up to a maximum of 30% of your adjusted gross income. The unused portion of your donation can usually be carried forward and deducted over a maximum of five subsequent years with the same 30% maximum each year, subject to certain limitations.
A gift of appreciated publicly traded securities can bring you tax savings by offering two significant advantages.
The contribution of an existing or new life insurance policy can provide a significant gift in a manner which can be especially attractive for younger donors. By designating Daystar as both the owner and beneficiary of a life insurance policy, your premiums may be tax deductible.
How does it work? Simply purchase a life insurance policy and name the charity as your beneficiary. For example, let’s say you have a $200,000 policy. You can leave $150,000 to your family and $50,000 to your favorite charity such as Daystar.
If you donate a term life policy to a charity, you can deduct the cost of the premiums from your taxes. If you donate a whole life policy, you can deduct the cash value of the policy as well as the cost of the premiums. In both cases the charity gets the policy proceeds.
Own an oil, gas or mineral lease, or surface rights? Why not donate it to Daystar and receive some healthy tax advantages, so we can convert your donation to help those less fortunate around the world?
A charitable gift annuity (CGA), available in most states, is a contractual arrangement between you and National Christian Community Foundation (NCF), our charitable gift annuity provider. You make an irrevocable gift of cash or securities (minimum $ 10,000) in exchange for fixed payments for life, with the remaining value benefiting the mission of Daystar at your death.
An easily established charitable trust can provide a current charitable deduction for you in addition to income for you and/or Daystar during your lifetime. The income stream could be a fixed dollar amount or a fixed percentage. Estate and gift taxes can be lowered or eliminated by the proper use of these trusts.
This gift can be very attractive because it has the potential to increase the income that you may be receiving from low-yielding savings accounts, stocks, bonds, or certificates of deposit. The income must be distributed to you, your spouse, or other designee; at the end of the term of the trust the assets would be distributed to Daystar.
You may be considering including Daystar with one or more of the excellent vehicles listed above, but you may be concerned about leaving assets to your children or grandchildren. With proper planning, you can do both.
A wealth replacement trust would provide your loved ones with life insurance dollars in an amount that you set in addition to the money that you sow for the Kingdom. These dollars would be estate and income tax-free. You can also control your loved one’s access to the trust if you do not choose to leave them an immediate lump sum.