Successful Wealth Transfer
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Preparing Your Heirs For Their Inheritance
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Building a Strong Family Tree
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Three Aspects of Every Family’s Wealth
The vast majority of wealthy families do not fully understand the different aspects of their wealth. Sadly, as a result, many go to their graves leaving their assets to suffer devastating taxes and reap only a small portion of the benefits that could have been provided to them, their heirs, and the Kingdom of God with strategic stewardship planning.
The IRS-Funded Kingdom Buy-Sell
How would you like to have the IRS fund your buy-sell agreement and make major gifts to the Christian ministries you care about all at the same time—without taking a penny out of your current cash flow?
The Banks Family: Multi-Generational Planning at Its Best
The Banks were all followers of Jesus with a strong personal interest and involvement in supporting many different ministry efforts. They liked the idea of using some portion of this unneeded wealth to support the Kingdom causes their families cared about. Here was the dilemma. If Mildred gave these assets to the grandchildren, very little would actually get to them and nothing would go to support Kingdom causes.
Don’t Render Unto Caesar More Than You Have To
When you employ common, often used, time-tested, creative planning techniques you can substantially reduce income taxes—all as a direct result of having developed a comprehensive and integrated Master Stewardship Plan.
Deflecting Wealth vs. Divesting Wealth
It is far easier and cheaper to avoid taking ownership of wealth and the additional income it produces than it is to attempt to dispose of it once it shows up on your balance sheet and your 1040 income tax form. Like avoiding degenerative diseases, it takes strategic, advanced planning to deflect your wealth where you want it to go without it first coming to you.
A Tool for All Seasons
One of the most powerful family stewardship planning tools is also one of the least understood and used even though it generates the greatest interest among affluent families––the family foundation. In the first of a two part series we will discuss the family foundation as it relates to two of the three most likely sources of information on the topic (an attorney or a ministry).
Does God Care How We Invest?
As we probe the extent to which God’s ownership and our stewardship impact how we live, we cannot ignore one of the most common areas of American life—how we invest. We cannot explore this area of life stewardship without first being reminded of the two foundational truths of life stewardship: first, God owns everything; and second, it is our job to carefully and wisely manage everything He entrusts to us.