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Beneficiary Designations

Not everyone wants to commit to making a gift through their will or estate. Some prefer the increased flexibility that a beneficiary designation provides.

Beneficiary Designations

They gave the money, which had been apportioned, into the hands of those who did the work, who had the oversight of the house of the Lord;

(2 Kings 12:11)

Popular, Easy and Convenient

Here are a couple of ways  to designate your Episcopal Church or The Foundation of the Episcopal Church in Wyoming as a beneficiary through your estate planning:


Start by asking your financial institution or policy administrator for a change-of-beneficiary form. These forms may often be downloaded from your financial institution’s website. Make your desired changes and return the form to establish your gift.


These non-probate assets are not included in your will, so you can plan your beneficiaries separately.


This type of gift is exceedingly feasible for donors of modest means. You can consider purchasing a new whole-life policy, with your favorite Episcopal institution as the owner and beneficiary. In this case, premiums are deductible. Alternatively, you can change the beneficiary of an existing whole-life policy that is no longer necessary for the original beneficiaries. Finally, consider making your Episcopal church a contingent beneficiary of an existing policy on which you plan to continue to pay.

Beneficiary Designations

Giving in Action

Rev. Linda and Gary Hudson have been members of Trinity Church, Lander, for many, many years – decades. After 20 years of marriage, Gary met an untimely death in 2006. Trinity Church then received a call from the Life Insurance Company Gary worked with and learned that Gary, many years earlier, had taken out a life insurance policy naming Trinity Church, Lander, as the only beneficiary. Click here to read more.

CONTACT US

Our team would be happy to speak with you.

ALREADY INCLUDED US IN YOUR ESTATE PLAN?

Next Steps

Seek the advice of your financial or legal advisor.

If you include The Foundation in your plans, please use our legal name and federal tax ID.

 

Legal name: The Foundation for the Episcopal Diocese of Wyoming

Federal tax ID number: 83-0322442

The information on this website was accurate at the time of posting. However, it is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.

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