July 17, 2009

What does the maiden name of your great-grandmother have to do with wealth transfer?

In this short video (1:32), Ron continues the new Virtual Feedback Loop series on the topic of wealth transfer. In the coming weeks, Ron will walk through the various steps in the wealth transfer process. This week, he continues to lay a conceptual framework for the topic of transferring wealth to the next generation by challenging us to ask the question, “will they (our heirs) know where it came from?” 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, and meditate on their Truth and their application.

II Timothy 3:15 (ESV)
“And how from childhood you have been acquainted with the sacred writings, which are able to make you wise for salvation through faith in Christ Jesus.”

Romans 15:4 (ESV)
“For whatever was written in former days was written for our instruction, that through endurance and through the encouragement of the Scriptures we might have hope.”

Judges 2:10 (ESV)
“And all that generation also were gathered to their fathers. And there arose another generation after them who did not know the Lord or the work that He had done for Israel.”

II Timothy 1:5-9 (NIV)
“I have been reminded of your sincere faith, which first lived in your grandmother Lois and in your mother Eunice and, I am persuaded, now lives in you also. For this reason I remind you to fan into flame the gift of God, which is in you through the laying on of my hands. For God did not give us a spirit of timidity, but a spirit of power, of love and of self-discipline. So do not be ashamed to testify about our Lord, or ashamed of me His prisoner. But join with me in suffering for the gospel, by the power of God, Who has saved us and called us to a holy life – not because of anything we have done but because of His own purpose and grace. This grace was given us in Christ Jesus before the beginning of time.”

I Timothy 6:17-19 (NIV)
“Command those who are rich in this present world not to be arrogant nor put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.”

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Related Articles & Links:

MSN shares about passing values along with wealth to children and grandchildren

Crown Financial Ministries writes about preparing your spouse and teaching children to manage money before you leave them an inheritance

Ron Blue and Jeremy White wrote a book called “Splitting Heirs” that speaks to the topic of inheritance and training children and grandchildren.



Video Transcript