Wednesday, May 29, 2013

Generations Thoughts about Generations



Generational Differences In Church
Table Talks

When we don't want to adjust and fail to change.
Driving the Chevy Impala
The Leavers: Young Doubters Exit the Church


The Importance of Unity in Generations
Catalyst 2010: Craig Groeschel
Does the “senior adult” ministry need to grow up?

Specific Generations
Religion Among the Millennials -- Introduction and Overview


Minimizing Inheritance Conflict

18 Recommendations for Minimizing Inheritance Conflict

Click on link above.

Inheritance: The 'right' amount?
Key points by TED HACKNEY, director of the Center for Charitable Estate Planning

You want to do what is best for your family even after you are gone. You may be wondering what is the "right" amount to leave children, grandchildren, nephews or nieces? Here are three guiding principles for deciding an appropriate amount to give each person:
1. Everyone should provide for the needs of his or her family. 1 Timothy 5:8.
2. An inheritance should provide a reasonable standard of living for the child, nephew or niece.
3. An inheritance that covers too many "wants and desires" may lead to unhappiness, greed and a failure to trust in the Lord for provision.

Are there guidelines for leaving children a substantial inheritance? Some Christian parents have been careful with their resources and have accumulated a significant estate. How can a larger estate be transferred with a good result for children?

1. Typically, a larger inheritance will be used more wisely if it is distributed over a longer time and at a later age. A lump sum at one time is usually unwise. Many younger children who receive a large inheritance at an early age spend it within 18 months.
2. A good plan usually includes a partial distribution of principal when the parents pass away, income for a period of years, and a second payout of deferred principal. You may even want to distribute principal over a substantial number of years to prevent the wasting of assets.
3. Set up a target number for the inheritance. The target inheritance can then be designed to pass to a child, nephew or niece. A target number is the sum of the principal and income given through the inheritance plan. With prayer and careful thought, the plan can move a substantial amount, while still permitting your child to learn to love the Lord, trust him for provision, and to learn the joy and rewards of work.

For assistance in designing a plan for your estate please call 501-279-4210 or email thackney@harding.edu.