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How to Leave Donation for Church in Separate Account

I'm a low income senior and I would like to leave my church a small amount of money to be received upon my death. I hope to deposit monthly a small amount of money for this purpose, separate and apart from anything else, to be designated for the church. What suggestions do you have?


Ask your bank if it can accept an account designating the church as a "payable on death" beneficiary. State laws vary as to who can qualify as a beneficiary for such accounts. If you are able to open the account, be sure that the pastor or other trusted individual knows of your plans, because the bank may not be proactive and notify the church about the account on your passing.

Published on BankingQuestions.com 10/06/10