Find it difficult to be involved with your family? The first step to achieve balance in this area may be to value the goal. Read the rest of this entry »

How can you maximize the time your family spends together and maximize the transfer of values from one generation to another?

I got thinking about this when my sister mentioned that her family was bringing her in-laws (both in their 90s, and not necessarily the easiest people to get along with!) into their home for several weeks. How could that time be made as pleasant and profitable as possible?

One of the things we do in our family–even now, after the kids are grown and three of the four are married, and we have five grandkids: We read out loud together. We don’t watch TV. Every once in a while we will watch a movie. But for maximum mutual engagement, besides just plain talking with one another, we will read a book together out loud.

Sarita always suggests three or four books we might read when we’re headed off for vacation. The rest of us, then, together, make the final selection.

[I should note: Sarita has an uncanny ability to choose "the best of the best" when it comes to books. But, then, I guess, she ought to! After all, she reads over a dozen books a week, and she has been doing that for some 40 years or more.]

The books themselves, of course, offer tremendous value on their own. But they also offer another value: they inspire us to interact. We always seem to want to talk about what we’re reading.

Let me illustrate. Read the rest of this entry »

Last August I wrote a brief outline of what one might want to include in a Gifting Criteria Statement.

As I was picking through a pile of papers on my desk on Saturday, I came across the actual document our family has at the moment. I thought you might find it interesting and, possibly, useful–at least as a discussion-starting model for your family’s statement: Read the rest of this entry »

I’ve touched on it before. I have no question I will be writing about it again. This, perhaps more than anything else, is what distinguishes legacy planning from estate planning: the content of what some call the “ethical will,” and others refer to as a person’s “testament” or “legacy letter” or what our second legacy planner called the “family wealth letter of intent.” It’s the device–or collection of devices: written, audio, video, or other–that conveys to members of future generations the special messages the estate plan donor wants them to know and remember, the stories of the people and events that shaped their lives, the special life lessons, the heart of the donor. Read the rest of this entry »

Matthew 6:3-4 records a statement of Jesus:

But when you give to the needy, do not let your left hand know what your right hand is doing, so that your giving may be in secret. And your Father, who sees what is done in secret, will reward you.

This passage has always made me very nervous. I don’t want anyone to know what I have done, especially when it comes to giving!

So, then, why would I write a post like the one I did last Saturday–Strategic giving? I mean, I got into some pretty fine details! Am I not in danger of disobeying this teaching of Christ? Read the rest of this entry »

A friend of mine is completing the next-to-last semester in her JD–Juris Doctor–degree program. [Juris Doctor: she is studying to become an attorney.] She took the final exam in her Wills, Trusts & Estates class on Monday.

“I did real well,” she said. “I think I may have done better on that than any other tests I’ve taken since I began my studies!”

“That’s great!” I said.

“Yeah. I think it’s because with estate planning, you’re just dealing with straight technical questions. You don’t have to deal with all the messy emotional and relational issues–all the people questions–that are so common in other parts of family law.”

I looked at her in shock. “You’re kidding!” Read the rest of this entry »

I was doing some maintenance on my personal blog on Saturday, when I bumped into a couple of old posts that would have properly belonged over here on Strategic Inheritance . . . if I had been writing Strategic Inheritance at the time!

So I thought I’d more or less copy them here. I think they deserve another look by another audience.

(Originally posted, in slightly different form, at Tithing and Sabbath as Freedoms?!?

Read the rest of this entry »