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CALLING
pd instfucts Joshua to divide up the land and apportion inheritances to the various
.tiibes.
On9 qrecondition-fiithful living on the part of the recipients-applies for the
nlements to be long-term.
t'ijiir'iiwn lives, the issue of inheritances is an important consideration of financial
lidship, no matter what our age or state of health. Having a will and planning out
ihappens to our estdte (large or small) are important principles to be dealt with now.
' ''€hriitian financial planner, author and CEO Ron Blue directs his readers to begin to
Pi itiint about how to raise'children who are fiscally responsible. He suggests teaching chil-
Fr:dten at a'young age how to handle money, as well as inculcating the principles of limited
!n;rhi41r...r, delayed gratification and a strong work ethic. He also suggests his readers think
i ttou milch money should I (we) giue my children?
I:' ' it-giriig io"iy ,L *y cbil'dren'gZod stiwardship?
il Do iny children baue the uisdom to handle an inheritance?
Giuing ??toney may not be utrong-but is it uise?
Do my cbildren or..grandchildren haue any special needs?
' When should I giue money to my children?
What should I giue my cbildren?
In addition, Blue considers six critical decisions with re-
spect to giving through a will:
Hout much do I (we) leaue my cbildren?
How do I leaue my dssets to my children?
Hotu much do I want to leaue to other family and friends?
How much do I utant to leaue to charity?
Hob do I want to leaue my assets to ciarity?
How mucb do I want to pay in taxes?
Otler important determinations related to creating a will
may include appointing an executor or personal representa-
tive, specifying, guardians for minor children and, if you plan
to establish a trust, identifying trustees. Another idea is that
of including in your will a testimony for posterity.
Following is a short exerpt from this author's discussion
of estate planning:
Ilnless you ptlan tbe distribution of your estate, tbe
gouernment will. Very rarely does the governmint have
the same objectives for your estate as you do. Addition-
allS if proper planning has not been doge, the final
expenses can siphon off up to 70 percent of an estate.
These expenses are for probating the will, estate taxes,
inheritance taxes, attoiney's fees, aicountant's fees, and
funeral expenses.
God, you were coiicernqd
with the inheritances of the
lsraelites. I am so thankful
that you care about me as
an indiuidual. Help me to
be louing and tuise as I plat
for the future.
GO TO PAGE 28O FOB THE NEXT EXPLORING STEWARDSHIP
r, GO TO PAGE 2AO FOR THE NEXT EXPLOBING STEWARDSHIPT CALLING
What can you dq,iq.give
your children attitudes
and tools tb make their
financial lives successfuli
Vork through the ques-
tions from Ron Blue.
Discuss them with your
spouse, an aftorney or
any other relevant party.
What next steps do you
need to take related to
this issue?

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Trinity Kings World Leadership: Stewarding Your Inheritance

  • 1. CALLING pd instfucts Joshua to divide up the land and apportion inheritances to the various .tiibes. On9 qrecondition-fiithful living on the part of the recipients-applies for the nlements to be long-term. t'ijiir'iiwn lives, the issue of inheritances is an important consideration of financial lidship, no matter what our age or state of health. Having a will and planning out ihappens to our estdte (large or small) are important principles to be dealt with now. ' ''€hriitian financial planner, author and CEO Ron Blue directs his readers to begin to Pi itiint about how to raise'children who are fiscally responsible. He suggests teaching chil- Fr:dten at a'young age how to handle money, as well as inculcating the principles of limited !n;rhi41r...r, delayed gratification and a strong work ethic. He also suggests his readers think i ttou milch money should I (we) giue my children? I:' ' it-giriig io"iy ,L *y cbil'dren'gZod stiwardship? il Do iny children baue the uisdom to handle an inheritance? Giuing ??toney may not be utrong-but is it uise? Do my cbildren or..grandchildren haue any special needs? ' When should I giue money to my children? What should I giue my cbildren? In addition, Blue considers six critical decisions with re- spect to giving through a will: Hout much do I (we) leaue my cbildren? How do I leaue my dssets to my children? Hotu much do I want to leaue to other family and friends? How much do I utant to leaue to charity? Hob do I want to leaue my assets to ciarity? How mucb do I want to pay in taxes? Otler important determinations related to creating a will may include appointing an executor or personal representa- tive, specifying, guardians for minor children and, if you plan to establish a trust, identifying trustees. Another idea is that of including in your will a testimony for posterity. Following is a short exerpt from this author's discussion of estate planning: Ilnless you ptlan tbe distribution of your estate, tbe gouernment will. Very rarely does the governmint have the same objectives for your estate as you do. Addition- allS if proper planning has not been doge, the final expenses can siphon off up to 70 percent of an estate. These expenses are for probating the will, estate taxes, inheritance taxes, attoiney's fees, aicountant's fees, and funeral expenses. God, you were coiicernqd with the inheritances of the lsraelites. I am so thankful that you care about me as an indiuidual. Help me to be louing and tuise as I plat for the future. GO TO PAGE 28O FOB THE NEXT EXPLORING STEWARDSHIP r, GO TO PAGE 2AO FOR THE NEXT EXPLOBING STEWARDSHIPT CALLING What can you dq,iq.give your children attitudes and tools tb make their financial lives successfuli Vork through the ques- tions from Ron Blue. Discuss them with your spouse, an aftorney or any other relevant party. What next steps do you need to take related to this issue?