As you get closer to the finish line of life, it’s important to start thinking about your wealth distribution in three different ways. (more…)
THE DONOR ADVISED FUND
Last week I introduced a tool for leaving a financial legacy called a donor advised fund. I also shared three scenarios where a solution for leaving a financial legacy was needed. In all three of these scenarios, a donor advised fund may be used to more efficiently accomplish short and long term giving goals while creating a legacy of giving. Below, I are two examples that could work for the three scenarios I went over last week.
Do you want to leave a financial inheritance or a financial legacy? For what do you want to be remembered? For the temporal material possessions a financial inheritance could buy for your children? OR, the eternal value a financial legacy could provide for God’s Kingdom as well as to your children, grandchildren and great-grandchildren?
In parts one and two of this series, we discussed in detail why we should give. I encourage you to go back and read the previous posts in the series. Last week we started on how to give financially, thinking beyond just giving from what’s in your checking or savings account. I’ve included the chart on financial giving once again since most of us never think about the other 90% of our assets that we can give from.
Last week I began a new series on Creative Giving and covered Part 1 of “Why do we give?” In this series I really want to challenge you to think differently about giving. Everything we have accumulated over the course of our lives can be used strategically for a positive impact now and after we’re gone.
For the next several weeks I will be focusing on creative giving. First, I will lay out the foundation of the “why” to give and later share the “how” to give from what God has entrusted to us. In this series we will explore how we can go beyond giving just the cash in our bank and savings accounts. Everything we own or have accumulated over our lives can be used strategically for a positive impact now and after we’re gone.
Giving brings more meaningful blessings than receiving.
If you ask ten different people what financial planning is, you may very well get ten different answers. That’s because financial planning is very complex and covers many diverse areas. From my 29 years of experience here are 12 different areas of financial planning I personally see on a daily basis that need addressing. I would invite you to look up the scriptures I’ve included to see how God’s word covers so many of these issues. Jesus spoke on stewardship more than any other topic. All financial decisions are spiritual decisions and should be prayed about and aligned with scriptural principles before implemented.