Wills and Bequests
‘And Joseph took an oath of the children of Israel, saying, God will surely visit you, and ye shall carry up my bones from hence.’ (Genesis 50:25)
‘Someday our bodies will die, and our spirit and soul will go to heaven. What use will be made of that part of us still on deposit in our estate? Will we be dragged into the courts as heirs fight over the estate or will we have already made a deposition of the funds through a Will? Does that Will provide for continued giving to the work of the Lord or is it merely given to loved ones? Joseph made commandment concerning his bones before he died (see Genesis 47:30). He reminded the children of Israel of God’s promise to return them to the land of promise and he wanted his bones to go with them in that glorious Exodus. He wanted to be part of the future move of God and made preparations for it – so can we. Whatever part of us is left over after our life has been lived can be invested in God’s work through Wills, bequests and gifts. But if we don’t deliberately make such provisions, it is possible that the deposit of our life left here on earth will be wasted, as far as the work of the Lord is concerned. It has been a source of sorrow to my heart to see how often the assets of a godly man fall into the hands of the ungodly to be wasted.’
Dr Judson Cornwall
“If world evangelization comes first, then we should concentrate on giving to missions and let others who do not have the vision, contribute to other things. There will always be plenty for the
Pastor Oswald J. Smith.
A rich man bequeathed his luxury tomb, which he had built for himself, to be used for Jesus. It was a beautiful secluded
I always laugh when I think of Joseph leaving instructions that his bones be taken by Israel into the Promised Land. I can just imagine the conversation as a child says: ‘Dad, what is that clanking noise?’ and his father replying: ‘O, that is Joseph’s bones.’
He was second only to Pharaoh and could have been buried with pomp and ceremony in Egypt’s prestigious Valley of The Nobles, but as my late dear friend Dr Judson Cornwall pointed out, he left specific instructions because he wanted to be a part of the next great move of God too, following his death. Such things do not just happen. We too, like Joseph, must leave specific instructions while we are still alive.
King David wanted to build God a Temple at Jerusalem but God showed him that this would be the role of his son, Solomon. As a
‘And David said,
Notice those words: ‘I will therefore now make preparation for it. So David prepared abundantly before his death.’
I too want to be a part of the next great move of God and although I have left something in my will for my children, I have ensured that a major part of my estate is invested to ensure that my books are distributed free of charge to leaders across the world, especially in poor and developing countries and also that PGMI along with our television and media ministry continues broadcasting long after I am gone. I have actually set things up to expand our ministry impact after my departure even more than during my lifetime.
Every believer should have a God-honouring will. This term ‘God-honouring’ means that at least a part of what you have been blessed and entrusted with by the Lord during your time on
The following information is produced to help you to ensure that your wishes are carried out when you have gone on to your heavenly reward. In His
For example, many paid just a few thousand when they purchased their home. (My parents paid £13,000 for theirs). Isn’t it
Sadly, because many believers fail to get around to making a will, everything so often gets left to unsaved relatives to fight over and is so often
Why is making a
A Will is a written legal record, of how you wish your property and assets to be distributed after your death. The absence of such a
1. Approximately half of Brits die intestate.
2. This means that their wishes after death are usually not carried out.
3. Additionally, dying intestate or with an out-of-date Will on average
4. Some have to turn to costly solicitors and probate detectives, costing families on average an extra £2,250 in unnecessary additional legal fees after a loved one’s death.
5. Approximately 175,000 Brits a year struggle to track down relatives assets resulting in an average loss of around £20,000 per heir.
6. Without a will, the ultimate beneficiaries may also not be the people that you would have chosen. Relatives you have not spoken to for years may have a rightful claim on your estate if you have not specifically excluded them.
7. Each year billions of Pounds / Dollars go
8. If you do not leave a will, the government may also be able to claim your entire estate.
9. Each year around £10 billion left intestate goes into the government coffers which could have been used for the extension of God’s Kingdom!
10. If you have no family, it is even more important to make a Will now or else the government is sole official beneficiary of your estate.
11. Failing to write a will frequently
12. Some assume their partner or children will get everything. This is often, however, not the case.
13. If you die without making a will distribution of the proceeds from your estate can be held up for years, in case someone else is discovered who has a legitimate claim on part of it. This can even be held up for decades, with money inaccessible to your loved ones when they need it most.
14. Failing to make a will also ensures that none of that which God has entrusted to you, will be used to advance His Kingdom.
15. Ultimately, making a Will which includes the work of God shows the Lord that you are
So, why do people put off making a will?
1. They assume they can do it later, but over half of the population never do and die before they get around to it.
2. Others leave it until they are deemed no longer mentally sound to make such a decision, enabling others, especially unsaved relatives to claim everything.
3. Many think they are too young, but life is unpredictable and death can come unexpectedly to any of us.
4. Some think they are not wealthy enough. Far from true, as mentioned, the average home today alone is now worth around a quarter of a million.
5. Most incorrectly assume that everything will go to their spouse, whereas if they die intestate this is often not the case, with others having a possible claim on their estate. Not only can this
6. This is even more important if you have no children, to ensure that your assets are used to spread the Gospel rather than being taken by the government, as will most likely happen if you have not specified otherwise in a Will.
7. One option to discuss with your
8. Others put off making a Will saying: ‘I believe Jesus will come before I die.’ While this is a noble belief, millions have already passed on who thought this way, including the early disciples. As Jesus said: ‘No man knows the day or the hour’ of His return. Although all the other signs of His return have been fulfilled, the most important and final sign ‘this Gospel must be preached to every creature’ has not yet been fulfilled. Half of the world has still not heard the gospel, even one time. This is why including PGMI in your will is a way of helping ‘hasten the coming of the Lord’ and speeding up His return. Added to this, Jesus primary emphasis concerning His return was on wise stewardship. What better way of showing your faithfulness and loyalty to the Lord than by including His work in your will? I am convinced that there will be
Who should make a Will?
Anyone who is 18 years of age or more.
When should I make a Will?
PHONE A LAWYER / SOLICITOR AND BOOK AN APPOINTMENT TO DO IT TODAY!
How do I make a Will?
• Legal expertise is essential to ensure that your Will is watertight, free from ambiguities and is an authoritative and definitive document. Telling your family or friends your wishes is not enough.
• Making a Will is not an expensive exercise and a solicitor should give you a quote on the likely cost before work begins.
• You will need to appoint one or more executors who can administer your estate after your death. Their full names and address should be supplied to your solicitor for inclusion in the Will. To ensure everything is carried out according to your wishes it may be best to appoint the solicitor to act as an executor and their services to be paid for out of the proceeds of the estate.
• It is important to work out the likely value of your estate by making a list of the things you own (house, furniture, car, valuables, jewellery, savings, stocks, shares, bonds, investments, life insurance policies etc.) with an estimate of their value. This should then be offset against your liabilities (mortgage, loans and credit cards). A form to help you to do this has been included at the end.
• The full names and addresses of any ministries or individuals you wish to include in your Will need to be provided.
• A solicitor will initially prepare a draft of the Will and ask you to check that it reflects your wishes. When your content has been agreed, a final version will be produced.
• To ensure it is valid and recognised, your Will must be properly signed and dated. This should be done in front of two witnesses who must not be beneficiaries, executors or their spouses. The witnesses must then sign it in front of you and each other. No one should leave until this procedure has been completed. Staff at the
• In the U.K., Wallington Missionary Mart of 105 Stafford Rd, Wallington, SM6 9AP (Tel: 0208 6693495) is run by Cristian auctioneers who give their services free (except for transport costs) and will sell antiques, valuables and household items and will donate the proceeds to PGMI as long as you specify that they do so. They collect from various parts of the country.
• Wills are automatically cancelled by marriage, which includes remarriage after divorce.
• For privacy and to avoid others seeking to impose their wishes upon you it is entirely appropriate to ask family members or friends to leave the room while you discuss your wishes and compile your will with the
• If you do not wish others to know
• You can ask a couple of Christian friends to join you at the appointment to witness the document or ask the solicitors when you call if they have staff who can act as the witnesses.
• Your solicitor or Bank should retain the original Will and you should hold a copy for reference purposes. Your executor(s) should know where the original is located. Let family and close friends also know where your will is held.
• If you do not have a solicitor, there are plenty of law firms listed in the Yellow Pages, local telephone book or by a web search for ‘local solicitors.’ Just do not put it off any longer.
How do I update or change my Will?
You can make minor changes and updates by way of a codicil, which is witnessed and signed in the same way as a Will and supplements the terms of an existing Will either by adding, amending or revoking part of it. A codicil must be executed in exactly the same way as a Will. This means that as well as including the amendments to your Will, a codicil must confirm all the other contents, and it must also be signed in exactly the same way as a Will, otherwise, it is invalid. It is, therefore, once again, wise to involve a
How can I give to PGMI in my Will?
There are several ways of leaving money, property or gifts to PGMI in your Will, three are outlined below:
• Pecuniary Legacy – This type of gift is a fixed amount of money. Some avoid making this form of bequest because inflation gradually reduces the value of the gift and means that the Will may need regular updating.
• Specific Legacy – This is a gift of a particular item, land or property owned by you. You should make sure that it is clearly identified in your Will.
• Residuary Legacy – This is a gift given from the residue (or remainder) of your property. The residue is all your property after all other legacies have been paid, together with any debts, liabilities and taxes.
The following is an example, however,
I give and bequeath to Peter Gammons Ministries International (P.G.M.I.) P.O. Box 4, Huntingdon, Cambs, PE26 1SW, England (hereinafter referred to as ‘the mission’) the sum of £ _______ free of all duties and I declare that the receipt of the Treasurer or other person authorised to give receipts on behalf of P.G.M.I. shall be sufficient discharge of the
I give and bequeath to Peter Gammons Ministries International (P.G.M.I.) P.O. Box 4, Huntingdon, Cambs, PE26 1SW, England (hereinafter referred to as ‘the mission’) _____% (
The following articles (list attached) shall be sold as soon as may be expedient or convenient after the date of my death and the net proceeds of sale after payment of the proper expenses of sale (if any) be given to Peter Gammons Ministries International (P.G.M.I.) P.O. Box 4, Huntingdon, Cambs, PE26 1SW, England (hereinafter referred to as ‘the mission’). I direct that such sale shall be effected by Wallington Missionary Mart & Auctions of 105 Stafford Rd, Wallington, SM6 9AP (Tel: 0208 6693495) who thereupon shall be at liberty to apply the net proceeds aforesaid in accordance with the terms of this bequest without further reference to my executors and I declare that the receipt of the Treasurer or other person authorised to give receipts on behalf of P.G.M.I. shall be sufficient discharge of the
I give and bequeath all the rest and residue of my estate and effects both real and personal whatsoever and wheresoever situated unto my executors to sell the same and to pay the net proceeds after payment of the proper expenses of sale (if any expenses) to Peter Gammons Ministries International (P.G.M.I.) P.O. Box 4, Huntingdon, Cambs, PE26 1SW, England (hereinafter referred to as ‘the mission’). I declare that the receipt of the Treasurer or other person authorised to give receipts on behalf of P.G.M.I. shall be a good and sufficient discharge of the
Adding a codicil to your Will
I …………………………… of ……………………………………………………………………… (address) declare this to be a (first) Codicil to my Will dated ……………………………………………
(1) In addition to any legacies given by my said Will I give to Peter Gammons Ministries International (P.G.M.I.) P.O. Box 4, Huntingdon, Cambs, PE26 1SW, England the sum of £ ……………………………………………… plus the following items ………………………………………………………………………………………………………………………………………………………………………. and I direct that the receipt of the Treasurer or other person authorised to give receipts on behalf of P.G.M.I. shall be a good and sufficient discharge of the
(2) In any other
(3) In witness
(4) Signed by the said as a ………….. codicil to his /her Last Will in the presence of us who at his / her request in his / her presence and in the presence of each other have hereunto subscribed our names and witness.
For U.S. Partners please note: In the USA Peter Gammons Ministries International / PGMI is registered as World Miracle Church, Florida Inc., PO Box 605000, Orlando FL, 32860 USA Tel: 1-8778-MIRACLE (1-877-8647225)
You have made an important step by reading this, you now need to take the most important step, by determining the contents of your Will. Then, make an appointment with a
May you know God’s peace and blessing as you undertake this important and responsible activity.
Whilst we have tried to insure that the information contained in this leaflet is correct, the Law does change, and we would strongly advise you to discuss your proposed actions with your solicitor or legal adviser before proceeding.
Valuing Your Estate
What I Own
Land _________ ________________________
Other properties _________________________
Bank Account __________________________
Stocks & shares_________________________
Government Bonds _____________________
Money owed to me_______________________
Total Assets _______________________________
What I Owe
Total owed _______________________________
Final Value of Your Estate
Total Assets minus total debts ______________________
Approximate value of estate __________________________