Stewarding your assets with God
Our prayer for you is that you'll consider how to best express God's wisdom, love, truth and grace to your family and to the poor. This can then guide how you decide to invest and transfer the material resources He's entrusted to you.
How much time and thought should you devote to shaping your legacy? It's good to consider this question as you initiate this stewardship step. So many Americans don't take the time to properly plan, spending approximately:
- 40 years accumulating assets,
- 10-20 years conserving and living off those assets, and
- 2 hours deciding what should happen to those assets after death.
Just two hours! Since you're deciding what should happen to the assets you've accumulated over a lifetime, you'll need to set aside an adequate amount of time to make the best decisions.
Much to consider
There is a lot to consider when you make plans to transfer your material resources. For most people homes, vehicles, retirement funds, and land comprise 90 percent of their material wealth. Yet, most people think in terms of cash when considering provisions for their families and ministry.
As a good steward, you need to make well-considered plans for both the cash and the non-cash assets of your wealth. The FH Legacy site was created to help you accomplish this goal.
Our hope at FH Legacy is for you to enjoy the process of establishing your legacy! May you experience the joy of Christ as you considered gifts that honor both Him and your family.
THE TOUGH QUESTIONS
Some key stewardship questions to consider:
- How much is enough for my family to live on?
- Who would God like me to care/provide for?
- How can I pass my assets to an heir in a way that truly blesses and not harms him or her?
- Would it be most helpful to my beneficiaries to receive this asset now? Or incrementally over time? Or after I die?
- Which of my assets would be heavily taxed if passed to an heir but fully utilized if transferred to support the ministries I love?
- Why has God given my family more than it truly needs?
- How can I assure that my spouse or dependent child is properly provided for if I should die?
- Should I structure the inheritance to insure my heirs will use it in line with my wishes, or would it be better to give "no strings attached"?
These questions shouldn't be decided by FH Legacy staff, a judge, a financial advisor or your attorney. Input from such professionals may inform, but these are critical heart matters that should be considered between you and God. The answers you settle on form a significant part of your legacy.