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Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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Estate planning
Scriptural Financial Freedom Obtaining God's blessings

 

 

 

 

 

 

Estate Planning

Estate planning is planning for your death so that your family and financial resources are distributed and cared for in accordance with your objectives.

A well-thought-out estate plan will include not only a will, but also life insurance, correctly owned and with proper beneficiary designations, property deeded appropriately, survivors instructed in both written form and orally as to wishes and desires, proper and easily located records, advisors properly selected and instructed, and perhaps many other things.

 

As can be seen, an estate plan is a very comprehensive plan for death, when planning is no longer possible. Therefore, it must be well-documented and totally complete. Unfortunately, it is estimated that 50% of Amercians don't even have a will, let alone the other elements necessary for a complete and proper estate plan.

 

Action Item:

There are many other technical aspects of estate planning that are beyond the scope of this book. Revocable living trusts, charitable remainder and charitable lead trusts, irrevocable life insurance trusts, as well as different methods of property ownership are all vehicles and techniques that could enhance an overall estate plan. The use of these will depend upon your goals and the makeup and size of your estate and will require the input of a qualified professional.

Today's Bottom Line

Estate planning is an integral part of financial planning, but it is not financial planning in its entirety. Both financial planning and estate planning need to begin at an early age. They are dynamic in nature and procrastinate in either area is poor stewardship.

The Bible does show many ways to overcome any financial crisis. Many of these principles are laid out in our successful course, the Scriptural Financial Freedom series. To learn more, you can download the Small Groups kit from our estore.

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Financial Freedom Tips & Toolbox

Today's Pick: Money, God and us Money, God and us by [Ian Goligher]

 

 

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