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Prophecy Article Page!
  • Written by Pastor-Evangelist Len Hutsell
  • Open End-Times Trumpet page by clicking the "Prophecy" Menu tab
  • Contact the author at:
    cclande@yahoo.com
    Phone: 361-815-5299

Prophecy Books

Len Hutsell's Prophecy Books
Pastor/Evangelist Len Hutsell has written a book documenting the fulfillment of each of the Papal Prophecies (written by St. Malachy) entitled Asleep At Midnight, which sells for $25.00. It may be ordered at the address given below. He has also written a 441-page book giving a verse-by-verse analysis/explanation of the Book of Revelation called The Apocalypse Unveiled that sells for $45.00 and may also be ordered at the following address. There is no cost for shipping. Cash and checks are accepted.
  • Pastor/Evangelist Len Hutsell
  • 5817 Kerry Drive
  • Corpus Christi, TX 78413
  • cclande@yahoo.com
  • Phone: 361-815-5299

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Planned Giving to Miracle Revival Center

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Estate Planning

 

There are a variety of ways to contribute to Miracle Revival Center (MRC) to help continue God's powerful work begun here in Duncan, Oklahoma. We can receive gifts in the form of checks, cash, pledges, stocks, and securities. In addition to gifts made today, donors may also want to include MRC in their long-term financial plans. MRC can be gifted through a will or living-trust and can be named as beneficiary of life insurance policies. A gift with retained income for the donor or others is another option. MRC also accepts usable equipment, artwork and property, subject to the Pastors' approval.


Wills


You can leave a bequest to MRC by setting the exact amount, specifying a percentage, or allocating the remainder of your estate. You can also name MRC as a contingent beneficiary should one or more of your beneficiaries fail to survive you. Additionally, you can make a life income bequest in which you donate cash or other assets and specify the income be paid to another individual throughout his or her lifetime. The principal then would go to MRC.


Revocable Living Trust


MRC can be named as a beneficiary in your living trust, just as in a will.


Insurance Policies


Naming MRC as either the sole or partial beneficiary on your life insurance policy can be an enormous help, often at very little or no cost to you. You may consider naming MRC as the beneficiary of life insurance policies that are received as a job benefit. Other ways to help MRC are through transferring beneficiary status and ownership of a paid-up policy that you no longer rely upon (there is an immediate tax deduction for this). Finally, you might purchase a new policy and name MRC as owner and/or beneficiary.


Charitable Remainder Trust


There are significant and immediate income tax advantages to establishing this kind of irrevocable trust. In a charitable remainder trust, you place your cash or other asset into an account, which you may still manage or choose a manager to invest for you. You get an immediate tax deduction of part of the assets donated, but you can continue throughout your life to receive a designated annual income from this account. After your lifetime, what remains in the account will belong to MRC and will not be subject to death tax.


Real Estate, Stocks, Securities, or other Non-Cash Property


Donating non-cash property to MRC also brings with it an immediate income tax deduction, and it may eliminate significant capital gains taxes. A person who sells property - like real estate or stocks - that has appreciated in value over the years often pays more than a third of that increased value in capital gains taxes. However, if that person donates the same appreciated property to MRC they get an immediate deduction and pay no capital gains taxes.


Gift Annuity


You can donate a block amount of cash, securities, or property through a Gift Annuity in which you and anyone you designate will receive fixed income payments for life. The amount of the annual payment depends upon the value of the gift and the age of those designated to receive the income when the gift is made.


Savings Accounts or Certificates of Deposit


An easy way to benefit MRC is to make it a joint owner of a savings account with rights of survivorship or the beneficiary of a trustee bank account. You continue to have access to the account with the ability to withdraw savings at will, but after your lifetime the balance reverts to MRC.


Retirement Plans


You may designate MRC as the death beneficiary of a company pension or profit-sharing plan; or private accounts such as an IRA, Keogh, or tax-sheltered annuity. Anyone who is over age 59 also might consider making a year-end gift to MRC from assets withdrawn from his or her qualified retirement plan. This would offset income tax normally due on this withdrawal and avoid death tax on the amount gifted. You may find this to be the most convenient way to give, especially if you are over age 70 and are required by law to begin withdrawing these retirement funds.


Bequests


Did you know that you can help support MRC (Miracle Revival Center) by including a charitable bequest in your will or revocable trust? A bequest is appropriate if you want your legacy used for God's work or you want the flexibility of a gift commitment that doesn't affect your current cash flow. When it's time to begin planning your estate, you think about the people and institutions that have been important in your life. You support MRC during your lifetime and you want to help MRC continue God's work when you are gone. A bequest is easy to arrange (see sample text below):

  • It is not payable until death, so it does not affect your assets or cash flow during your lifetime.
  • It is private - your will is not filed or made public until your death.
  • It is revocable - you can change the provisions in your will or trust at any time until death.
  • A bequest can deliver a specific gift to MRC (e.g., "I bequeath the sum of Fifty Thousand ($50,000) Dollars to Miracle Revival Center, PO Box 744, Duncan, Oklahoma 73534." or, it can deliver a percentage of the balance remaining in your estate after taxes, expenses and specific bequests have been paid - what's known as the residue of your estate (e.g., "I bequeath ten percent of the residue of my estate to Miracle Revival Center, PO Box 744, Duncan, Oklahoma 73534." Generally, giving a percentage of the residue allows for more flexibility in your long-term planning.

A charitable bequest or trust distribution is deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from any state inheritance taxes.

 

Ways You Can Make Your Bequest

 

Specific Bequest

 

Your bequest can deliver a specific dollar amount or an asset. For example:

"I bequeath the sum of Fifty Thousand ($50,000) Dollars to Miracle Revival Center, PO Box 744, Duncan, Oklahoma 73534." or

"I give all the Microsoft stock I own at the time of my death to Miracle Revival Center, PO Box 744, Duncan, Oklahoma 73534."

 


Residual Bequest


Alternately, you can give Miracle Revival Center all or a percentage of the balance remaining in your estate after expenses, taxes, and the specific bequests have been paid:

 

"Of the rest, residue and remainder of my estate I give Seventy-Five (75%) Percent to Miracle Revival Center; PO Box 744; Duncan, Oklahoma 73534."

 

Contingent Bequest


Finally, your bequest can be payable to MRC if the initial beneficiary is unable to inherit it:


"If my nephew does not survive me, is otherwise unable to inherit, or disclaims this bequest, I direct that it be paid to Miracle Revival Center, PO Box 744, Duncan, Oklahoma 73534."

 

How We Can Use Your Bequest


We can use your bequest in two ways. It can be directed to support a specific program at MRC, or you can tell us to apply it to the need that is most pressing at the time we receive it.

 

Since we will likely not receive your bequest until far into the future, its terms should be as general as possible - to avoid benefiting a project that we no longer pursue or terms that will be difficult to meet. Please consult with us if you are considering a bequest for a specific purpose.

 

Planned Giving FAQs

 

What's the difference between a will and a trust?
  • A will is your instruction manual to your survivors about how you want your property distributed. It's a revocable, private document that only takes effect after your death.
  • A revocable trust (sometimes called a living trust) is a legal entity that holds assets during your lifetime, then transfers ownership of them - or benefit from them - upon your death. Unlike a will, a trust must take title to assets before it can pass them to your survivors.
There is no difference between wills and trusts in how transfers from them are taxed. In some states, however, the probate and distribution process is simpler with a revocable trust. Your advisors can guide you in choosing which vehicle will work better for you.

 

What if I've already written my will or trust?


You can amend a will or trust to make a gift to Miracle Revival Center. Your attorney can prepare the simple document, called a codicil, that adds a new bequest to us while reaffirming the other terms of your will. Similarly, he or she can prepare an amendment to your revocable trust to add Miracle Revival Center as a beneficiary.

 

More Questions?


We will be happy to discuss any questions you may have concerning planned giving. We are blessed by the contributions of people like you who have joined with us to be part of God's mighty work here at Miracle Revival Center. Thank you for recognizing the importance of giving back from the abundant blessings that God provides. Your gifts will help continue spreading the good news of salvation and deliverance available through our Lord Jesus Christ. We thank you and pray the Lord blesses your ongoing generosity!


"Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal." Matthew 6:19-20

 

Download Planned Giving Brochure