Dividing the Estate Part 2/2

25.Jul.2011by Karen in Money & Law· 7 comments

There is no question on the importance of taking steps to be sure that your parents have their legal affairs in order through wills/trusts. However, it is equally important for parents to clearly communicate with their family the details of what will happen with the estate. This can greatly reduce anxious feelings before and ease the family relationships after the parent has passed.

My husband and I have subscribed for some years to Sound Mind Investing, Americas Premier Christian Financial Newsletter. We first learned of Austin Pryor years ago through the recommendation of Larry Burkett and have appreciated his insights regarding financial decisions. Access to the articles on the web site does require a subscription. See their web site http://www.soundmindinvesting.com/

These are some of their articles on retirement and estate planning in 2010 related to this topic:

  • February 2010 Wise Stewardship Includes Having a Will That Protects Your Children By William B. Ertel, CFP
  • July 27, 2010 What you don’t want to be thinking about at the end
  • August 2010 Why It’s Important to Have Your Affairs in Order By Glen Wheeler

In their book store they recommend several books with this disclaimer: Please note that while not all of these books are written from a Christian perspective, each does a good job of combining practical, useful guidelines with an easy-to-understand style. Please don’t assume, however, that SMI necessarily endorses any book’s content in its entirety.

Additional Resources

Following are two books on their Retirement and Estate Planning list that I’d like to mention to you.

Splitting Heirs: Giving Money & Things to Your Children Without Ruining Their Lives by Ron Blue

This book provides principals to assist parents with their plan to pass on an inheritance to their children. It includes the who, when, what, and how of transferring your estate and the importance of clearly communicating this with the heirs.

Gifting to People You Love: The Complete Family Guide to Making Gifts, Bequests, and Investments for Children by Adriane G. Berg

This book will assist you to make wise decisions regarding the management of your money for your heirs. Covers the basics in an easy-to- read style. The author states: “Even though you will be reading about law and money, this book is really about love and trust.”




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