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Category: Estate Planning

Attention Husbands: You Should Know About SMI’s Ministry to Widows

In the mid-1990s, I was in talks with Moody Publishers about the possibility of writing a second book. They asked what topics interested me, and among the ideas we discussed was a book tailored to the financial needs of
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Final Instructions

It's wise to have a will, but there’s other information your executor and heirs would benefit from knowing. That's where a "letter of instruction" comes in. Think of it as an overview of your estate plan that covers areas
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Retirement Planning for Singles

Being single puts the responsibility of preparing for your later years squarely on your shoulders, especially if you don’t have adult children. So you need to have a plan.
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Transferring Your Wealth to the Next Stewards

“Fortunes tend to self-destruction by destroying those who inherit them” — so said Henry Ford. How can you help ensure that the inheritance you leave is a blessing, not a curse?
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Your 10 Most Important Financial Moves for 2019

Each December, we offer planning suggestions for the year ahead. But this isn’t meant to be a one-size-fits-all list. It’s up to you to take our broad collection of ideas and narrow them down to your personal “Top 10” for
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Wise Stewardship Includes Having a Will That Protects Your Children

Many people haven’t drafted a will because they think wills are only for the wealthy. Scripture, however, teaches that responsible stewardship isn’t a function of the size of one’s wealth. Stewardship is about obedience
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Long-Term Care: How Would You Cover the Cost?

Just reading the phrase “long-term care” can strike fear in a Baby Boomer’s heart. Many assume it’s synonymous with nursing-home care (it isn’t), and believe the cost could ruin them (it could; while the odds are
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Unburdening Your Family From Some Tough Decisions

Many older people say they “don’t want to be a burden” on their families. And yet, by not making a handful of key decisions and not completing the associated paperwork, they are leaving themselves vulnerable to the very
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It May Be Time to Review Your Estate-Planning Documents

As a financial planner, one of my responsibilities is to keep up with legislative changes and their effects on clients. Estate planning is an area where change is so frequent — and so confusing — it’s a challenge to stay
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The Art of Getting Older — Where Will You Live?

There are countless important decisions to make as you get older. Many of them have a financial focus—how much to withdraw from the nest egg you’ve built, when to take Social Security, how to pay for healthcare and the
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