Guests:
Jeff Grimm
Tim Lehman
Show notes:
Start with biblical principles: God owns it all
Stewardship vs. selfishness (mindset for both giver and receiver)
Only God knows the impact of the money we give on the lives of others: will it help or hurt them?
Love has to be motivation for giving.
Not always positive to hand down lots of money to the next generation. Can breed laziness and entitlement.
Other pitfalls: family members can have unanticipated expectations. Need to be aware of the range of potential expectations.
Motivation should not be to get every dollar possible. Nor should we expect a "family discount".
Communication is very important! If there is not effective communication, conflict will be an inevitable result.
It is scriptural to provide for our own families; that does not mean we need to give them everything (don't need to prosper them).
Need to keep in mind: how do I promote the christian lifestyle when I give? Will it continue reflecting Christ after I die?
Estate plan is our final act of stewardship. Start thinking about it earlier, rather than later.
Estate plan will need to be updated; often every 3-5 years.
If possible, use professionals who have a Christian worldview.
Be thoughtful and considerate when appointing an executor. It may be best to involve someone outside the family.
Be careful to not be self-focused, but be considerate of others.
There are two different types of gifts: unrestricted and endowed (with restrictions).
Referenced Silver Lining article for information on Endowment Fund.
Giving is not about the amount; it is always a blessing when we promote Christian principles.
Our estate plan should reflect our Christian values.
Scriptures are rich in speaking to financial stewardship; it is important to God.
