Donor Stories

Ben’s Revocable Trust

Ben Jones[1] was aging, but as a widower with no children he didn’t know where to turn for financial counsel. Fortunately, Ben’s nephew Michael invited him to share Christmas with him and his young family. Late Christmas Day, Ben had some quiet moments with Michael and shared his concerns about how to handle his finances as he grew older. Michael recommended that Ben talk to the Conference Planned Giving and Trust Services director.

The director listened to Ben and then suggested a Revocable Trust[2] which is a legal document whereby Ben (the trustor) would transfer his finances to the conference (the trustee) to be invested separately for Ben, and the conference would send him regular trust account statements. The director told Ben that he could withdraw any or all of his money or add to the trust, if he wished or needed to. The amount remaining in the trust at Ben’s death would be distributed by the conference to Ben’s beneficiaries as listed in his Revocable Trust Agreement3.

Finally, the trust director said there was no charge for having a conference trust. If Ben wanted to, he could consider a charitable gift to a conference
ministry in appreciation for their help. Ben was happy to include a donation in his trust agreement and glad to have begun this relationship to help him through his senior years.

1 Not his real name
2 Revocable Trust Agreements should be reviewed by independent legal counsel.

This donor story first appeared in the March 2013 issue of The Canadian Adventist Messenger magazine.

If you would like any assistance with your estate planning needs, please contact the Planned Giving & Trust Services Department of your conference.  You may find contact information for The Seventh-day Adventist Church in Canada and The USA by clicking on “Contact Us” above.