This fall, in a new adult Sunday School class, we will discuss some issues with transferring family wealth and differentiate this process from estate planning.
We know that we can’t take it with us but the wealth that we leave behind could be the best thing or the worst thing that can ever happen to our loved ones.
We will use the book "Splitting Heirs" by Ron Blue, a Christian financial advisor. The book is sometimes humorous, often moving and always crystal clear. Ron explains why it is important to make these decisions now instead of forcing your heirs to do it later. Using practical tips, tools, charts and worksheets he will help us:
--- Leave an inheritance that helps our heirs without spoiling them.
--- Communicate our desires the right way , at the right time.
--- Navigate the legal and tax issues surrounding our estate.
--- Decide which charities or ministries to support, and how to tell if they will be worthy stewards of our hard earned wealth.
Even if our nest egg is small, it can have a huge impact on the next generation. All it takes is a little planning and a real appreciation for the resources that God has put in our care.
Tuesday, August 5, 2008
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