Estate Planning Essentials

An estate plan isn’t just for the wealthy—it’s a biblical tool for ordering your affairs. Without a plan, the state decides how your assets are distributed, potentially causing family conflict.

Life insurance creates immediate liquidity to cover final expenses, debts, and taxes, protecting other assets from forced sales.

Update your estate plan whenever there are major life events (marriage, birth, adoption, death).

Wills, Trusts, and Beneficiary Designations

A will states how your assets are distributed. However, assets with beneficiary designations—like life insurance—bypass probate and go directly to the named beneficiaries.

Trusts (revocable or irrevocable) can manage insurance proceeds, protect minors, and provide oversight on how funds are used.

Review beneficiary forms regularly to ensure they align with your will and trust documents.

Christian Stewardship in Estate Planning

Scripture encourages us to leave a godly inheritance (Proverbs 13:22). Life insurance allows you to fulfill this calling without saddling heirs with debt.

Consider giving a portion of your estate to ministries, missionaries, or churches. Your estate plan can be a final act of worship and generosity.

Work with professionals who share your faith values to ensure your plan reflects both legal prudence and spiritual convictions.

Frequently Asked Questions

Do I need a trust if I have a will?

It depends on your goals. Trusts provide control over how and when beneficiaries receive funds, which is useful for minors or to protect assets from creditors.

How often should I update my beneficiary designations?

Review them annually or after any major life event to ensure they align with your will and current wishes.

Can I name a charity as a beneficiary?

Yes. Many believers designate ministries or missionary organizations as partial beneficiaries, supporting the kingdom through their estate.

Disclosures: For educational purposes only; not tax, legal, or investment advice. Product availability, features, and rates vary by carrier, underwriting, and state. Crocker Financial is licensed in OH, SC, SD, VA, TN, and IN. Consult your professional advisors for personalized guidance.