September 4, 2009

As I plan my giving for my estate, how can I be sure that the money is given according to my intentions?

In this short video (1:51), Ron continues the Virtual Feedback Loop series on the topic of wealth transfer. This week, Ron closes out the series by returning to the topic of generosity. He encourages you to build flexibility into the giving you will do through your will, and he re-iterates the importance of doing “giving while you’re living.” We welcome your comments on the blog and thank you for your ongoing participation in the Virtual Feedback Loop!
Also, we are in an exciting time at MasterYourMoney.com as we are getting ready to unveil “Phase Two” of the site in the coming few weeks. We really hope that you will continue to enjoy this blog and the video answers and that you will enjoy the new structure and expanded features of the site. Check back soon to see the changes, and let us know what you think by emailing info@masteryourmoney.com!

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 about generosity, and meditate on their Truth and their application.

Acts 20:35 (NIV)
“In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words the Lord Jesus Himself said: ‘It is more blessed to give than to receive.’”

I Timothy 6:17-19 (NIV)
“Command those who are rich in this present world not to be arrogant nor to 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.”

II Corinthians 9:6-7 (NIV)
“Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.”

Luke 6:38 (NIV)
“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you."


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Related Articles & Links:

“Generosity during life is a very different thing from generosity in the hour of death; one proceeds from genuine liberality and benevolence, the other from pride or fear.” – Horace Mann

Generous Giving has examples of people who have done their giving while they are living.

To find information about a particular ministry’s finances, visit ECFA. The ECFA provides information on their website (or online) from their audits of numerous Christian ministries.

In the video, Ron mentions a donor advised fund. National Christian Foundation, provides more information on these funds.

National Christian Foundation at has stories of families who have used donor advised funds to do giving now.



Video Transcript