Estate Planning
Leave Behind a Legacy of Ministry and Preaching
God continues to bless us with a steady stream of young men committed to serving Him, His Church and preaching the Gospel of Jesus Christ. At the same time, after decades of serving in the vineyard of the Lord, the time has come for some of our elderly brothers to rest in their last few years. Providing for both the education of our young seminarians and ensuring the best possible health care for our sick and elderly brothers creates a significant strain on our Province's limited financial resources. In order to meet these pressing needs from both our future and past, we look to people like yourself for assistance.
Throughout the past few years, a number of our friends have shown their generosity by leaving the Southern Dominican Province a bequest in their will or estate plans. Their kindness has provided us with the resources needed for educating and training our seminarians. Please consider following their example and providing us with a bequest in your will. Once you have provided for your loved ones in your will or trust,please consider remembering our Province with a bequests of any size or amount - large or small. You and your family will be remembered in the daily prayers and masses of all the friars in the Southern Province. the Province of St. Martin de Porres in oneof several possible ways.
Estate Planning Options
There are a variety of bequest you can make in your will:
- Direct Bequest: Bequest the Southern Dominican Province a specific cash amount or title to some specific property.
- Residue Bequest: This type of bequest provides the Southern Dominican Province with a residual gift from your estate. After first listing the needs and gifts for your heirs and loved ones, you assign the remaining amount, (the residue) to the Southern Dominican Province.
- Memorial Funds: This bequest is usually made in the form of a trust. Your surviving heirs can use the property or the income from a fund for as long as they live. At the time of their passing, the bequest becomes the property of the Southern Dominican Province to use for their greatest need.
- Retirement Plan Assets:When you name the Southern Dominican Province as the beneficiary of your retirement plan assets, you don't part with a single penny today and you protect your estate from taxes later. If you were to instead leave these assets to your family, up to 65 percent of their value could be eroded by taxes.
For more information on how you can remember the Southern Dominican Province in your will, please contact our Director of Development, Fr. Scott O’Brien, O.P. at 305-899-3681 or request our free brochure, Estate Planning Opportunities.
Click here to discover other ways you can help support the education of young friars and the health care of our sick and elderly friars.
