Mike discusses this recent article from the Ronald Blue Trust quarterly newsletter.
He talks about the values his parents instilled in him and tells some stories of his growing up years as examples.
He discusses the questions:
- How much should I leave to my children?
- Should I give inheritance money to my children while I am still alive?
- Should I set up restrictions on where the money goes or how quickly and frequently they get the money?
- Should I appoint one of my children to divvy out the money to their siblings?
- What is the worst thing that could happen if I don’t leave money to my children?
- What is my end goal in leaving money to my children?
- What about giving to charity?
- Do my spouse and I agree to the answers of all these questions?
The foundation should be as found in Scripture, “Wisdom is good with an inheritance, an advantage to those who see the sun. For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.” (Ecclesiastes 7:11-12, ESV)
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