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).
Inheritances: Oh, What to Do?
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.
Fear and Uncertainty: The Great Planning Paralyzers
When wealthy families are fearful and/or uncertain about what to do in regard to stewardship planning, they ultimately end up doing NOTHING. When nothing happens, the families miss the opportunity to experience the indescribable joy of seeing God use them in meaningful and mighty ways with what He has entrusted to them.