In my work with Legacy Deo I talk to people about estate planning. Creating a plan is an important step for every person to take, regardless of age or financial status. It can be done by using a variety of methods of current planning for future gifts to family and charitable causes.
Almost every day I encounter people who have misconceptions about how, what, where, when, and why estate planning should occur. Accordingly, a large part of what I do is help people understand what is mythical and what is factual about estate planning.
This week I’m beginning a series on Estate Planning Myths, sharing one each month. Here’s Myth #1: “I’m not wealthy enough to consider planned giving. I just don’t have a large enough estate to worry about planning for the distribution of my assets when I die.”
Here’s the fact: Regardless of the size of your estate, what you have is God’s gift to you. As people entrusted with the management of whatever we have received as a blessing from God, you and I have the responsibility of carefully and prayerfully planning the distribution of what we have to the people and the causes we love.
Read the parable Jesus told in Matthew 25:14-30 about the varying amounts of money entrusted to the care of each of a master’s three servants. We’re not all equally blessed. What we do with what we have is important, no matter how much we have or don’t have.
Every heartfelt gift you and I make to our family and to our church or other charitable cause is helpful, no matter the size of the gift.
So whether your possessions are worth $10,000 or $10,000,000, take the steps necessary to be sure they are efficiently and effectively passed on according to your wishes.
That’s the essence of estate planning, also called planned giving. Legacy Deo can help!
Contact us at firstname.lastname@example.org or call us at (800) 880-3733 or (512) 646-4909 for a free Wills Planning Guide. You’ll be glad you did!