Leaving a Legacy
Every believer should leave a legacy of Christian witness and stewardship. But misconceptions about estate stewardship abound.
Remarks I hear in our churches reflect the need for assistance and education: “Brother Jim, we only have debts and kids.” “I care for my mother now and we have nothing of value.” “Our kids will take care of everything.”
Common estate planning mistakes are often based on false assumptions. The couple that only had “debts and kids” did not consider that when they were killed in an automobile accident, the insurance settlement would become part of their estate, but it did. Fortunately, they completed a will and designated who would manage both the financial affairs and the guardianship of their children.
The woman who cared for her mother and lived a very modest lifestyle did not outlive her mother. She died in a plane crash. Fortunately, her estate received a large settlement that she directed through her will for her mother’s care and for Christian causes she loved after her mother joined her in heaven.
You cannot assume who will survive you or that family members will function harmoniously when handling business affairs at a time of grief. Plans can be put in place to cover all contingencies. With a small amount of planning, you can leave a legacy of love.
A legacy of love designates recipients of personal belongings and estate assets, remembers charitable causes, and nominates persons responsible to carry out your instructions. If you love no one, these things might not matter. Love of the Lord, family and others compels most Christians to provide for estate stewardship. The Missouri Baptist Foundation will assist you in developing an estate plan that cares for family, honors the Lord, and leaves a legacy!
