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Is Your Estate Plan Designed to Serve God?

Years ago, I was a teacher. I loved to start each class with a test. Woke everyone up. The first question was, “Is this going to be graded?” I laughed and said, “Yes.” “But you will have the entire semester to make it up.” You will have the rest of the book to make it up. Take the test and answer honestly. It will be helpful for husband and wife to take it separately and use a separate paper to jot down your answers.   One means “not at all”, 10 indicates that you are perfect in the answer to this question.   Let’s evaluate where you are in your planning:

Evaluation #1

I am totally familiar with our current financial situation, what our current “estate plan” does, and my spouse and I are on exactly the same page regarding what it will do.

Not at all                                                Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

Evaluation #2

We have fully disclosed to our heirs all the details of our inheritance plans for them, and as a family we are all in full support of the overall plan.

Not at all                                                     Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

Evaluation #3

Our heirs are fully prepared spiritually, emotionally and financially to receive the inheritance that we have determined is appropriate for them. It will bless them and not curse them.

Not at all                                                     Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

Evaluation # 4

Our heirs are fully prepared to continue our Kingdom giving legacy after we are gone. (Do they even know what it is?)

Not at all                                                      Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

Evaluation # 5

We have created a $0 estate tax wealth transfer plan.

Not at all                                                     Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

Evaluation # 6

Our current plan provides for maximum Kingdom impact during our lifetime and after we eternally relocate. Meaning that we have used up every strategy possible to eliminate all estate taxes and capital gains taxes to free up more capital for Kingdom causes.

Not at all                                                     Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

 

Evaluation # 7

Our advisors (attorneys, accountants, brokers, insurance agents, bankers etc.) are both highly skilled at their professions as well as committed Christians who are counseling us with biblical wisdom within the context of a Christian worldview.

 

Not at all                                                      Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

 

Evaluation # 8

All our professional advisors work together as an efficient and unified planning team to achieve the best possible planning outcomes for us. (Have they even met each other?)

 

Not at all                                                      Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

 

Evaluation # 9

We have discovered our purpose in life, allowing us to fully utilize our God-given passions and talents for a God-given purpose.

 

Not at all                                                     Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

 

Evaluation # 10

Understanding that God owns all we have, we have drawn a financial “finish line” for how much is enough for our lifestyle and our net worth.

 

Not at all                                                      Perfect

1…..2…..3…..4…..5…..6…..7…..8…..9…..10

 

Let’s look at how you have done. Add up your score. If you score is between 0-50, then you might want to get a little more serious with your planning.  If your score is 51-70, you are like some families, you have done some good planning, but a great deal of work is still needed. If your score is 71-85, then you are well on your way, and creative fine-tuning will help maximize your planning strategies.

For more information on how Kardia can help you build an enduring family legacy, please contact us or call 303-752-0590.

Joe SturnioloBy Joe Sturniolo
Christian Family Legacy and Wealth Planning