Friends General Conference

Nurturing faith and Quaker practice

Financial & Estate Planning Consultation

How well do we manage our assets to support our families and our faith community?  How well do we connect our Quaker values to our financial decisions?  FGC’s Financial and Estate Planning program is more than financial fact-finding and investment choices.  It is a holistic approach to financial wellbeing throughout our various life stages. 

The purpose of financial planning is to evaluate your financial health, define your financial goals, and develop a plan of action.  Friends gain a full understanding of their financial and estate status and determine how well they are doing relative to their long-term goals and family considerations.  In our confidential consultations with Friends, we identify and explain specific strategies they can use to improve their financial future and be considerate of their loved ones in ways that are consistent with Quaker values.  We discuss the necessity of an estate plan and help Friends to see that it is not just about money. Stewardship of an estate is a process of continuing revelation.  Together, we examine how various planned giving tools, such as charitable gift annuities and various trusts can provide consistent income for life and helpful tax benefits that will have a lasting positive impact on their loved ones.

With guidance, Friends reflect on the implications of their planning upon their family and philanthropy.  Time is spent discussing the status of life directions and readiness.  Specifically, we assess and provide guidance on four essential documents:

     1) Advance Medical Directive (Living Will)
     2) Durable Power of Attorney
     3) Last Will and Testament
     4) Revocable Living Trust, and Beneficiary Designations related to retirement plans, life insurance policies
         and annuities.  In the event they might become incapacitated, we help Friends to create a financial road map
         for their loved ones to follow so bills get paid and funds for their care are accessible.

Regardless of our wealth, or lack thereof, we all have an estate and personal matters to be resolved after our death.  One of FGC’s stewardship goals is to help Friends discern and plan well so their assets will be distributed according to their wishes in a way that is consistent with their values.  As part of this discussion, we will explain in plain English how trusts, insurance policies, retirement plans, and real estate transactions play an important role in an estate plan.

Turning Taxes Into Charity

Lastly, the impact that taxes will have upon an estate are examined and various approaches for mitigating taxes are considered.  Invariably, any assessment of estate taxes prompts a discussion about charitable giving which opens the door to various opportunities for Friends to plan their giving in ways that can provide lifetime income and considerable tax benefits. Often, this kind of planned giving approach provides a “yes” answer to contribution levels that were previously out of the question.

Financial matters are deeply personal and estate considerations are often emotionally charged.  We seek to work with Friends in a caring, confidential manner that provides opportunity for discernment and informed decision making without obligation.

Friends General Conference will be glad to answer any questions you may have regarding planned giving.  Our Stewardship Services Program, in partnership with Friends Fiduciary Corporation and Everence, will be pleased to work with you to create a plan that balances your financial and philanthropic goals.  The results of such planning can provide you and your loved ones with many benefits and have a lasting impact on FGC and other charities of your choice. 

Everence is a Mennonite financial services organization.  FGC and Everence are working in partnership through FGC’s Stewardship Services Program to provide a wide range of estate and financial planning services to Friends.

FGC is not a financial, legal or tax advisor. Please consult with your own advisors regarding your financial, legal, or tax needs to make certain that a contemplated gift fits well into your overall circumstances and planning. The discussion and examples in this section are for illustrative and educational purposes only and are not a solicitation or offer.

The contents of this page were made available to FGC in whole or in part by Everence. © 2012 Everence

Friends interested in financial and estate planning services may contact Larry Jalowiec,
FGC's Director of Stewardship Services,  at 215-588-4203 (cell) or email
[email protected]

To help facilitate the process, we ask that you propose three possible consultation dates.