Estate Planning

Estate Planning

Members engaged in the estate planning process may consider distributing a portion of their assets to First Presbyterian Church of Plymouth (FPCP) upon their death. This type of giving is an expression of faith and gratitude for God’s provision and is planned for in advance and executed at the appropriate time by the decision makers (executor, trustees, or others) named by the donor. We recommend consulting with your trusted estate planning advisor in making the decision that is best for you.

These gifts can be unspecified or they can be directed to an existing or new endowment fund which will help provide a promise of financial security for future generations at FPCP.  For more information about FPCP’s endowment funds, go to Endowment Funds.

Making a Planned Legacy Gift

There are a number of ways to make an outright gift in your estate plan. Although FPCP cannot give legal advice, below is sample language you may want to show your attorney.

To make an unrestricted bequest in your will to FPCP:

I bequeath $____ to First Presbyterian Church of Plymouth (U.S.A.), Plymouth, Michigan, to be used for such purposes as the Session of such church determines.

To make an unrestricted distribution in your trust agreement to FPCP:

Upon my death, the Trustee shall distribute $___ to First Presbyterian Church of Plymouth (U.S.A.), Plymouth, Michigan, to be used for such purposes as the Session of such church determines.

You may also make a gift at your death to one of the endowment funds at the FPCP. Although the FPCP cannot give legal advice, below is sample language to name one of the FPCP’s endowment funds; you may want to show this language to your attorney

To make an unrestricted bequest in your will:

I bequeath $___ to the First Presbyterian Church of Plymouth (U.S.A.), Plymouth, Michigan, to be added to the [Name of Fund] if such fund is in existence, but if such fund is not in existence, then for such purposes as the Session of such church determines.

To make an unrestricted distribution in your trust agreement:

Upon my death, the Trustee shall distribute $___to the First Presbyterian Church of Plymouth (U.S.A.), Plymouth, Michigan, to be added to the [Name of Fund] if such fund is in existence, but if such fund is not in existence, then for such purposes as the Session of such church determines.

To name FPCP as the primary or contingent beneficiary of your IRA, Life Insurance, or other investment account contact the custodian to designate:

First Presbyterian Church of Plymouth (U.S.A.), Plymouth, Michigan, to be added to the [Name of Fund] if such fund is in existence, but if such fund is not in existence, then for such purposes as the Session of such church determines.

Where and when can I find out more?

The Finance Committee meets on the second Tuesday of the month at 7 pm via Zoom or contact the church business manager at 734.453.6464 ext. 116.

 

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