Going Forward - Estate Planning for Your Family -

Three Documents We All Need

Dear Friend:

We all need to have a Durable Power of Attorney, an Advance Health Care Directive (Durable Power for Health) and a Will/Living Trust. If you are a single person that means there are three documents you need. If you are married, that means there are six documents you and your spouse need. Trusts are useful if there are minor children or real estate as a part of your estate and you want to help those left behind avoid probate. BUT, EVERYONE, even if they have not decided to get a trust just yet, needs those first three documents to be signed, dated, notarized or witnessed (by two independent [not named beneficiaries or executors] people in the case of a Will).

1. Durable Power of Attorney (General/Business):


This is a separate document for each spouse so that in the event of the incapacity of one spouse, the other spouse (or, if not married, another named individual) can have authority to deal with property that for some reason may not be owned by the trust.

 

2. Advance Directive for Health Care & Durable Power of Attorney:


This is a separate document for each spouse so that in the event of the incapacity of one spouse, the other spouse (or, if not married, another named individual) or other alternate agents can have authority to make health care decisions including that "pull the plug" decision where someone is being kept alive only by artificial means.

 

3. Will/Living Trust:

This is a separate document for each spouse (just one document if you are not married) which revokes any previous will you might have made, names guardians for your minor children (if you have any), and makes your entire estate plan cohesive. You may simply indicate that you are leaving your property to your children or to others.


We want to make this easy for you to get your three documents done. Give us the information on this form. If you receive this form by email you can email it back to us. With this information we can prepare a letter of recommendation for you to take to an attorney to complete your documents.


Sincerely,
Stephen M. Drury

President



PAGE 1

 Common Considerations
FOR CHARITABLE CONTRIBUTIONS

UNITED PENTECOSTAL CHURCH INTERNATIONAL


Your Local Church

 

Divisions & Departments:

·         Church Division

·         Division of Education

·         Foreign Missions Division

·         Home Missions Division

·         Ladies Ministries

·         Media Missions

·         Pentecostal Publishing House

·         Stewardship Department

·         Sunday School Division

·         United Pentecostal Foundation

·         Word Aflame

·         World Network of Prayer

·         Youth Division

 

Endorsed Ministries:

·         Apostolic Bible Institute

·         Centro Teologico Ministerial

·         Christian Life College

·         Gateway College of Evangelism

·         Great Lakes University

·         Indiana Bible College

·         Lighthouse Ranch For Boys

·         New Beginnings International Children & Family Services

·         Northeast Christian College

·         Pentecostal Minister Training Network

·         Spirit of Freedom Ministries

·         Texas Bible College

·         Tupelo Children’s Mansion Ministries

·         Urshan Graduate School of Theology

 

Endowments in the United Pentecostal Foundation:

·         Abundant Life Fund Harverhill

·         Arkansas District Endowment

·         Albert & Gayle Skaggs Scholarship Fund

·         Chaplain and Mrs. James R. Snyder Endowment

·         Christian Education Scholarship Fund

·         Division of Education Administrative Endowment

·         Division of Education Scholarship Fund Endowment

·         Eddie L. Lunsford UGST Scholarship Fund

·         Foreign Missions Administrative Endowment

·         Foreign Missions Compassion Endowment

·         Foreign Missions Evangelism and Training Endowment

·         Foreign Missions Open Door Endowment 

·         Gateway College of Evangelism Endowment

·         General Endowment

·         General Sunday School Endowment

·         Gwyn Oakes UGST Scholarship Fund

·         Home Missions Church-In-A-Day Endowment

·         Home Missions Continuation Endowment

·         James E. Carney Scholarship Fund

·         Joanne R. Velie Managed Endowment

·         Ladies Ministries Administrative Endowment

·         Ladies Ministries Student Support Endowment

·         Louisiana District Endowment

·         Massachusetts/Rhode Island District Endowment Fund

·         Mr. & Mrs. John Richard Doxey Scholarship Fund

·         New Beginnings International Endowment 

·         Paul and Micki Mooney IBC Library Endowment

·         Paul and Micki Mooney IBC Capital Improvement Endowment 

·         Soul's Harbour Endowment Fund

·         Southern California District Endowment

·         Sebastian and Margaret Durr Scholarship Fund

·         Tennessee District Campground Endowment

·         The Pentecostals of Bossier City Endowment

·         Tupelo Children's Mansion Ministries Endowment 

·         Urshan Graduate School of Theology Endowment

·         Urshan Graduate School of Theology Library Endowment

·         Washington District Endowment

·         Wisconsin District Ladies Ministries Endowment

 

PAGE 2



  (314) 837-7300         UNITED PENTECOSTAL FOUNDATION     fax (314) 336-1830
8855 Dunn Road, Hazelwood, MO 63042
Email smdrury@upci.org

CONFIDENTIAL ESTATE PLANNING INFORMATION FORM FOR PREPARATION OF WILL OR LIVING TRUST, DURABLE POWER OF ATTORNEY & ADVANCED HEALTH CARE DIRECTIVE

Married Couple *
Have child or children *
Blended Family *
Single Person     *
No Children                   *
Formerly Married *

1. PERSONAL INFORMATION

2. FAMILY INFORMATION

 Current name of each child:Date of birth:Child of "H" husband; "W" wife; "B" both
*
*
*
*
*
*
*

3. NOMINATION OF EXECUTOR FOR YOUR WILL

Note: Unless you give other instuctions,  if you are married, your surviving spouse will be your first Executor in your will.  The follwing nominations are for when the spouse are either deceased or incapacitated.
FIRST CHOICE *

SINGLE PERSON'S NOMINATIONS FOR EXECUTOR OF WILL

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

HUSBAND'S ALTERNATE NOMINATIONS FOR EXECUTOR IN WILL

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

WIFE'S ALTERNATE NOMINATIONS FOR EXECUTOR IN WILL

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

4. NOMINATIONS OF GUARDIAN FOR MINOR CHILDREN

Note:  The Guardian of the Person is the individual who will have physical possession of and who will raise your minor child.  The Guardian of the estate will be the person who will take care of the property of your child if your child is a minor.  If you are divorced, of course, an actual surviving parent of your minor child has priority over any nomination you make for Guardian of the Person.  You may nominate another for Guardian fo the Estate.
 NAMECITY/STATERELATIONSHIP TO CHILD
FIRST NOMINEE/GUARDIAN OF PERSON
ALTERNATE GUARDIAN OF PERSON
FIRST NOMINEE/GUARDIAN OF ESTATE
ALTERNATE GUARDIAN OF ESTATE

5. NOMINATION OF TRUSTEE TO TAKE CARE OF FUNDS FOR MINOR

Note: If you die, and a minor is a beneficiary of your will, then after a probate is finished, the funds will not be turned over to the minor beneficiary.  The law does not allow a minor to receive these funds.  Instead a separate petition must be filed in court and someone will be appointed (usually your nominate Guardian) as the Guardian of the Estate for a minor person to provide healthcare, education, welfare and benefits.

Sometimes to avoid conlfilct of interest, it is best to choose a trustee other than Guardian of the minor. Which could be a trust department at a bank.  When the minor beneficiary reaches age 18, the funds and all accumulated interest will then be turned over to the beneficiary.  In most instances, this is not a good idea.  If, instead of having a guardian of an estate (with significant court involvement) you would like funds to be held by a Trustee until the beneficiary reaches some later age (usually 25) then you need to nominate a Trustee.
 NAMECITY/STAERELATIONSHIP TO YOU
FIRST TRUSTEE/BANK
ALTERNATE TRUSTEE/BANK
Final Distribution Options:
Age For Distribution: *

6. NOMINATION OF AGENT IN DURABLE POWER OF ATTORNEY

Note: Unless you give other instructions, if you are married, your spouse will be your first agent in your Durable Power of Attorney.  The following nominations are for when both spouses are either deceased or incapacitated.  This choice many time is the same person you have picked in #3 above to be the Trustee.
FIRST CHOICE *
ALTERNATE CHOICES *

SINGLE PERSON'S NOMINATIONS FOR AGENT (ATTORNEY-IN-FACT)

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

HUSBAND'S ALTERNATE NOMINATIONS FOR AGENT (ATTORNEY-IN-FACT)

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

WIFE'S ALTERNATE NOMINATIONS FOR AGENT (ATTORNEY-IN-FACT)

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

7. NOMINATION OF AGENT IN ADVANCED HEALTH CARE DIRECTIVE

Note: This is the form where you indicate that you do not wich to be kept alive artificially if the only result will be an artificial delay in the moment of your death under certain circumstances.  Unless you give other instructions, if you are married, your surviving spouse will be your first agent to make health care decisions.  If married, the following nominations are for when the spouse is deceased or incapacitated.  If single,you may choose your agents.
FIRST CHOICE *
ALTERNATE CHOICES *

SINGLE PERSON'S NOMINATIONS FOR AGENT IN ADVANCED HEALTH CARE DIRECTIVE

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

HUSBAND'S ALTERNATE NOMINATIONS FOR AGENT IN ADVANCED HEALTH CARE DIRECTIVE

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

WIFE'S ALTERNATE NOMINATIONS FOR AGENT IN ADVANCED HEALTH CARE DIRECTIVE

 NAMECITY/STATERELATIONSHIP TO YOU
FIRST NOMINEE
SECOND NOMINEE

8. SPECIFIC DISTRIBUTIONS TO INDIVIDUALS OR MINISTRIES

Note: Ususally people have certain things or certian dollar amounts of the estate that they wich to leave to special people or organizations.  You may set forth these special distributions and then the bulk of the estate will be distributed as set forth in Section 9 below.  Unless other wise stated, and if you are married, these gifts will be made only at the death of the Surviving Spouse.
        SPECIFIC GIFTS OF SPECIFIC ITEMS (GIFT IN KIND) TO INDIVIDUALS OR MINISTRIES
               *Items such as coins, baseball cards, collections, antiques, heirlooms, tools, etc...*
 Name of Individual/MinistryRelationship to youDescription of ItemIf the benediciary dies before you do where does gift go?
*
*
*
                    SPECIFIC GIFTS OF DOLLAR AMOUNTS TO INDIVIDUALS OR MINISTRIES
 Name of Individual/MinistryRelationship to youDollar amountIf the benediciary dies before you do where does gift go?
*
*
*
           SPECIFIC CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS OR MINISTRIES
                             NOTE: COMMON CONSIDERATIONS FOR MINISTRIES LISTED ON PAGE 2.
 Name of Organization/MinistryAddressDollar amount of EstateAny specific designated use?
*
*
*

9.GIFTS OF PERCENTAGES

Note: After any special distributions above then the remainder will be distributed to your indicated reaminder beneficiaries.  Unless otherwise stated, and if you are married these gifts will be made only at the death of the Surviving Spouse.

  A. (Simple Will)  IF YOU HAVE CHILDREN AND ALL ARE ADULTS, MATURE ENOUGH TO HANDLE THEIR SHARE
 *
Note: Common Considerations for ministries listed on page 2
 PercentageName of BenediciaryAnd if that Beneficiary predeceases then the share shall be distributed as follows:
*
*
*
*
*
*
*
*
B. (Complex Will) IF YOU HAVE CHILDREN BUT SOME OR ALL ARE NOT MATURE ENOUGH TO HANDLE THEIR SHARE Note: During any period of time when a trustee is taking care of the property which is being held for a beneficiary, the Trustee may make distributions for health, education (Trustee makes distribution for college expenses), maintenance, and support as determined in the sole and absolute discretion of the trustee.  Trustee then can take care of wedding expenses, assisting with down-payment on a home, obtaining reasonable transportation, then can take care of wedding expenses, assisting with a down-payment on a home, obtaining reasonable transportation, etc . *
 *
 PercentageName of BeneficiaryAnd if that Beneficiary predeceases then the share shall be distributed as follows:
*
*
*
*
*
*
C. IF YOU DO NOT HAVE SURVIVING CHILDREN OR IF ALL CHILDREN AND GRANDCHILDREN PREDECEASE YOU WHAT IS YOUR ALTERNATE DISTRIBUTION INSTRUCTIONS.
 Name of IndividualRelationship to YOuDollar amount or Percentage of Remainder of EstateIf the beneficiary dies before you do and any other instrucitons...
*
*
*
*
*

10. INVENTORY OF PROPERTY INCLUDED IN YOUR ESTATE

When you are making a listing of your property, it is important that you clearly convey to your planners how your property is held.  The five basic types of property ownership are:

1) Individual ownership
2) Tenants in common
3) Joint tenants with rights of survivorship
4) Tenants by the entirety
5) Community property

The success or failure of tax planning and the final distribuion of your estate are often dependent upon the coordination of property ownership with legal instruments in effect.
 REAL ESTATE - List each parcel by addressOwned Jointly, Husband or Wife?Fair Market Value (approx)Equity (approx)
*
*
*
*
 LIFE INSURANCE - List each policy by name of compayPayable on life of Husband or Wife?Any loans against? If Yes how much?Face amount to be paid (approx)
*
*
*
*
*
*
 RETIREMENT PLANS - List each by name of administratorHusband's or Wife's401K, Keogh, IRA, TSA?Total current value (approx)
*
*
*
*
*
 *
 INVESTMENT ACCOUNTS - List each by BrokerHusband's or Wife'sType of AccountTotal current value (approx)
*
*
*
*
*
 OTHER BANK ACCOUNTS - List each by bankHusband's or Wife'sType of AccountTotal current value (approx)
*
*
*
*
*
 OTHER MAJOR ASSETS - VALUE GREATER THAN $10,000.00Husband's or Wife'sType of AssetTotal current value (approx)
*
*
*
*

11. LIABILITES

 Owed on What Property?Amount
Current Bills
Bank Loans
Notes Payable
Other
Other
Other

12. FUTURE INHERITANCES

 From Whom?Age:Amount
Husband:
Wife:

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