Life, Estate & Inheritance Planning –

God’s Way

What Is “Estate Planning”?

A Process that Allows You to:

Control Your PropertyWhile You’re Alive and Well;

Plan for You and Your Loved OnesIf You Become Mentally Disabled

Give What You Have• To Whom You Want• When You Want• The Way That You Want

All at the Lowest Possible /\ Costto You and Those You Love

Overall

What Is “Estate Planning”?

What Is Estate Planning? (cont’d)

Incorporates a balance of financial, social, emotional and spiritual values and aspirations.

Establishes a meaningful legacy during your lifetime and beyond.

The “Estate Planning Pyramid”

Me

My Family

My Wealth

ProtectWealth

Save Taxes

• Estate Plans that “Work”

• Focuses on Client Goals

• Solutions Make Planning Easier• Exposes Traditional

Planning

as “Upside Down”

Insurance

Policies

What Is an “Estate?”

Cash

Stocks

JewelryIRA’

s

Investments

Your Home

Income Properties

Automobiles

Antiques

Bonds&

What Is an “Estate?”

Why Should You Plan Your Estate?

Every Family Has Planning Goals

Most common motivationsfor doing estate planning

The single greatest benefit

The Christian’s Estate Plan

1. Recognizes God as owner ofALL property;

2. Distributes that property ondeath to those who will continue to use it to promotethe Christian lifestyle

3. Insuring that your minor children are raised and encouraged in their Christian faith.

4. Your final act of stewardship

The Christian’s Estate Plan(cont’d)

Setting the Priorities of YourEstate Plan

1. What is God’s plan ofStewardship for my Estate?

2. People are more important than

dollars

3. Minimize the shrinkage and delay of transferring

property

What is God’s Plan of Stewardship for My Estate?

1. Stewardship - 10% or 100%

2. Lifestyle Giving

Time

Talents

Treasures

People Are More Important Than Dollars

1. Guardians for Minor Children

2. Personal Representative

3. Mental disability determination

4. Disability “Helpers”

5. Trustees

Mental Disability –“Living Probate”

Conservatorship – Control over the

Person’s Money

Guardianship – Control over the Person

Living Probate =Total Loss of

Control

• When you are disabled

• Who controls your affairs

• What the Agent can do

Someone Else Determines:

Power of Attorney

Gifting Programs

Guardianship

Conservatorship

Revocable Living Trust

Common Estate Planning Tools During

Your Lifetime

Minimize the Shrinkage and Delay of Transferring Property

1. Transfer Taxes

2. Probate / Trust Settlement Costs

3. Privacy issues

4. Control of the Process

5. Asset Protection

“Everything” Tax

(on All Assets) Graduated Tax Rates from 37% to 55%

Due 9 months from date of death

3 Major Exceptions

2001 Taxpayer Relief Act

Applicable Exclusion AmountYear Amount

2000 & 2001 $675,0002002 & 2003 $1,000,000

2004 $1,500,000

2005 $1,500,000

2006 $2,000,000

2007 $2,000,000

2008 $2,000,000

2009 $3,500,000

Death Probate

Definition: The legal process of paying a deceased person’s debts and retitling all of that person’s individually owned assets to the names of the heirs listed in a will.

Problems With Probate

• ExpensiveAverages 5to7 % of the value of the Gross Estate

• Time Consuming• Record-Keeping• Court Reports

• Proceedings are all Public

• No Control

Common Estate Planning ToolsAfter Your Death

Intestacy

Joint Tenancy

Will

Beneficiary Designations

Revocable Living Trust

Asset Protection

1. Divorce

2. Predator / Remarriage

3. Creditors / Lawsuits

4. Catastrophic Illness

5. Leaving the Legacy

Advanced Planning Tools

Life Insurance TrustMinor’s Trust Family Limited

PartnershipCharitable TrustOther Irrevocable TrustsGifting Programs

Title to Property(Who Owns Your Stuff?)

• Tax Savings• Personal Goals

• Personal Protections

TITLE MEANS EVERYTHING !

1. By Yourself

2. With Someone Else

Tenants in Common

Joint Tenancy With Rights of Survivorship

3. By Contract

Three Ways to Own Property

When Should You Plan Your Estate?

TodayMental

IncapacityCatastrophic

Illness Death

Your Planning Opportunity

Revocable Living Trust

WillLiving Will

Powers of Attorney

Irrevocable Trust

James 4:14, 17

1 Timothy 5:8

Does Your Family Know:

What to Do ?

How to Do It ?

How to Pay For It ?

The Real Question

Documents that are properlycounseled, designed and draftedto express God’s plan ofstewardship for your estate

Assets that are properly titled

Regularly updated

Educated family

Controlled settlement costs

The Perfect Estate Plan

The 3 Laws of the Harvest

3. You reap MORE than you sow

2. You reap LATER than you sow

1. You reap WHAT you sow

The End Result - Peace of Mind“Well done, my good and faithful servant.”