How does a Wealth Replacement Trust work?
June 1, 2009
- Assets are transferred to a charitable trust.
- The trustee agrees to pay a fixed or variable income for the remainder of the life of the donor or beneficiary (ies).
- Income tax savings from creating the trust and perhaps some of the trust income can be used to purchase a life insurance policy for you with children or other heirs designated as beneficiaries.
- Upon the donor’s death, the assets of the trust go to a designated charity and the death benefit of the life insurance policy to the heirs.
Grateful for Generous Hearts
In the Horsemanship Program at Warm Beach Camp in Stanwood, WA, the volunteers assist in nearly every aspect of the program, from administrative tasks that uphold professionalism to serving in facility care. Volunteers help ensure the safety of our horses through well-maintained arena footing, repairing structures, and cleaning tack, allowing Warm Beach to continue being a good steward of all that has been entrusted to us. A weekly volunteer stated, “Through Horsemanship, I am learning how to care for horses ...
General News, Horsemanship News |
Unique Strengths of SunSparrow
When individuals are welcomed into an environment full of connection, inclusivity, and the love of Christ, transformation happens! They become active participants in the world around them and are reminded of their true worth. Camp SunSparrow is carefully constructed to help individuals with intellectual or developmental disabilities build self-confidence and develop closer relationships with the Lord. Campers are encouraged to recognize their unique strengths and are allowed the time and space to share those with the group. Adriene Duguay, the ...
General News, News |
Hands On Outdoor Experiences
Across the 278 acres of land at Warm Beach Camp, there are wondrous little nooks and crannies teeming with life, just waiting to be explored! From a saltwater marsh to the upland forest and the bluffs that are perfectly designed to ease a bird's flight; the biodiversity is endless! With notebooks in hand, a quizzical eye, and curious minds, children step into a world of infinite possibilities! The Outdoor School Program at Warm Beach Camp is actively changing lives through ...