What is the difference between estate planning and wealth transfer?

In this short video (1:08), Ron is transitioning to a new Virtual Feedback Loop series on the topic of wealth transfer (estate planning). In the coming weeks, Ron will walk through the various steps in the wealth transfer process, but this week and next week, he will lay a conceptual framework for the topic of transferring wealth to the next generation. We welcome your comments on the blog and thank you for your ongoing participation in the Virtual Feedback Loop!

As always, Ron’s encouragement to you is to go back to God’s Word to restore your faith. Take a moment to consider the following Scriptures on parenting, and meditate on their Truth and their application.

Job 1:21 (NIV)
“Naked I came from my mother’s womb, and naked I will depart. The Lord gave and the Lord has taken away; may the name of the Lord be praised.”

Psalm 39:6 (NIV)
“Man is a mere phantom as he goes to and fro: He bustles about, but only in vain; he heaps up wealth, not knowing who will get it.”

Proverbs 15:16 (NIV)
“Better a little with the fear of the Lord than great wealth with turmoil.”

Ecclesiastes 5:19 (NIV)
“Moreover, when God gives any man wealth and possessions, and enables him to enjoy them, to accept his lot and be happy in his work – this is a gift of God.”

Luke 16:11 (NIV)
“So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?”

Revelation 5:12 (NIV)
“In a loud voice they sang: ‘Worthy is the Lamb, who was slain, to receive power and wealth and wisdom and strength and honor and glory and praise!”