If you don't use all the money in your retirement account, the money goes to the beneficiary you named on the account. But this can have serious tax implications for the individual. However, naming a charity like Amazing Discoveries as the beneficiary can help save on both estate tax and income tax. And it's free to do! Gifts of Life Insurance Do you have a life insurance policy?
Will your family not need that money to support them when you are gone? Giving your life insurance policy to charity is a quick and easy way to satisfy your philanthropic desires. If you have assets such as stocks, bonds, vehicles, boats, planes, art, collectibles, etc you can donate them to AD. But before you rush to sell that asset, consider the value of your asset. Your asset's appreciation or depreciation will have an effect on how you should proceed. Many times donors do this when they have unused land, more than one home, or they are downsizing.
You can donate all or only part of your real estate to Amazing Discoveries. There are tax advantages to both options. A CRT pays an income stream for life at a payout rate you choose. The remainder goes to charity. A CRT allows you to increase your retirement income, decrease taxes, and still make a lasting contribution to the cause of God. You will need the services of a lawyer and a financial advisor. Charitable Lead Trusts Do you want to benefit Amazing Discoveries, but would like to leave your estate to your family, a Charitable Lead Trust might be the answer.
In a Lead Trust, the charity receives the income payments, but your beneficiaries receive what remains. This allows you to support the ministry while still leaving an inheritance for your family members.
I know it has been a while since the last letter I wrote. You have forever impacted my life! I am overjoyed that you all stepped out in faith and allowed God to use you, in such a way as to touch so many souls. I am forever grateful to God, and you all, at Amazing Discoveries. I am only sixteen. I would not still be here today, had it not been for the Lord and his many servants!
This is not an easy time to live in, especially for those who are young. Satan is always tempting all, old and young, rich and poor. Thanks be to God for His longsuffering, and forgiveness! The road is not smooth but by His grace, I will carry on.
Thank you for your ministry. I have grown and learned more than in the past 20 years. I appreciate listening to lectures and sermons that are honest about the Bible and don't try just 'serve ice cream' for every sermon. I believe in grace, but every sermon can't just be grace, grace, grace and never to move on from there. I am saddened that many people are going to be very surprised and very angry when this world comes to a close. I tell many people about this channel and especially about Walter Veith.
So please, keep putting it put there and proclaiming the truth. I praise God, for more of God, unashamed to proclaim the straight testimony though many would try to water down and distort God's end time message. Keep up the good work.