"Do not store up for yourselves treasures on earth, where moth and rust consume and where thieves break in and steal; but store up for yourselves treasures in heaven." Matthew 6:19-20a
Wills and Living Trusts
Including Our Lady's Maronite Catholic Church in your Will or Living Trust can lower the taxable amount of your estate and, at the same time, provide support to the parish. Should you decided to include the parish in your Will or Living Trust, please use the following codicil and forward it to your attorney: “I bequeath the sum of $ ______ or ____ percentage of the residual of my estate to Our Lady's Maronite Catholic Church, located at 1320 E. 51st, Austin, TX 78723, for the benefit of Our Lady's Maronite Catholic Church.”
Life Insurance & Investment and Retirement Assets
Is it possible that you have not named a contingent or secondary beneficiary on your life insurance or not know whom you have named as your beneficiary?
You can name Our Lady's Maronite Catholic Church as your primary or contingent (secondary) beneficiary on your investment accounts. Please consider reviewing your beneficiary information and designating Our Lady's as your primary or contingent (secondary) beneficiary on your 401(k), 403(b), IRA, Annuities, or Life Insurance policy.
These assets require separate beneficiary forms. The beneficiaries of these assets can be easily modified at any time to meet your changing needs. For workplace accounts, you may be able to make your designation online or through your HR department. For private accounts, you can contact the investment company to request a beneficiary designation form.
Please use the following language:
“I bequeath the sum of $ ______ or ____ percentage of the residual of my estate to Our Lady's Maronite Catholic Church, located at 1320 E. 51st, Austin, TX 78723, for the benefit of Our Lady's Maronite Catholic Church.”
Because most retirement plans are tax-deferred and therefore subject to income tax to your beneficiaries, retirement assets make ideal gifts to Our Lady's. Naming Our Lady's Maronite Catholic Church as the beneficiary of retirement assets upon death generates no income taxes. The benefit to Our Lady's will be tremendous at your passing. Your legacy will be carried on far into the future!
We sincerely hope you will contact us about leaving a gift that will have a lasting impact for years to come. Lee Moore, [email protected] or 512-458-3693, would be honored to answer your questions and help you process your gift.
The information contained herein is for explanatory purposes only and is not intended to be used as tax advice. Our Lady's Catholic Maronite Church recommends that you contact a professional tax advisor who can provide you with additional information on how your participation in the programs mentioned on this site may affect your personal tax situation.