Articles of Interest

Stewardship Is Not Just For the Wealthy

by Jeff Cory, CFP, ChFC,
Executive Director

A famous French philosopher once left a will that read: "I have little, I owe lots. The rest I give to the poor."

In today's economy, many of us feel that way. In fact, we often hear people say, "I don't own much." "We really don't have enough to need a plan." "I don't know what will happen between now and the time I die - hospital bills, nursing facilities, inflation."

These are negative forces in the minds of many people, which keep them from experiencing the blessing of knowing that when they go to be with God, they will be found faithful, even in the final testimony of stewardship, their will. Scripture tells us that faithful stewardship is not only for those who have accumulated large amounts of wealth. In fact, one of the greatest compliments Jesus gave to a steward was to the widow who had little to give, but was faithful with what she had.

You're worth more than you think! When you examine your assets, you will probably find that you have more than you realize - savings accounts, life insurance, household goods, stocks or bonds, vacation home - they add up. But regardless of the size of your estate, it is important that you complete your planning. For many, a will is sufficient, often combined with a durable power of attorney to manage property, in case of disability prior to death. For others, it might be necessary to create a trust. If your estate is large enough that there will be estate tax implications, a trust should definitely be considered.

May we help? Regardless of the size or complexity of your estate, proper planning may not be as costly or as complicated as you think. In fact, it can be quite simple. Why not let us help as you begin planning your estate, or review the plan you have, in light of current probate and tax laws. Contact the Legacy Foundation for a complimentary review of your plans at (239) 466-8484.