Did you know that, just as you can name St. Luke’s as a beneficiary of a life insurance policy or a retirement plan, you can also name the church as a beneficiary of your brokerage account? This relatively new planning option is known as a Transfer On Death (TOD) arrangement. A TOD plan enables you to pass securities directly to St. Luke’s upon your death, bypassing probate.

A similar plan is called a Pay On Death (POD) arrangement. In this arrangement, a donor instructs a bank to pay St. Luke’s some or all of what remains in a bank account when the donor dies. Once again the assets pass directly to the church without going through probate.

These are very simple and attractive ways to make a planned gift to St. Luke’s, and they require no attorney to set up. Simply contact your brokerage firm or bank for the necessary beneficiary forms.

For further information on beneficiary designations, visit our website, stlukeslegacy.com, or contact David Heetland at 317.399.6202 or David.Heetland@gmail.com. As the Pastor of Planned Giving and as a Certified Financial Planner, he is here to assist you in creating a lasting legacy that reflects your values.

P.S. Click here to read what prompted Scott and Linda Arant to include St. Luke’s in their estate plans.

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