The message inside:
Each of us must make a choice regarding the distribution of the assets we own at death. Those assets must be divided among three entities: ministries (God), family, and taxes. Deuteronomy 8:18 cautions us to “…remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he swear unto thy fathers, as it is this day.”
Remembering the Lord in our estate plan is scriptural. I Timothy 5:8 reminds us “if any man provides not for his own family and especially those of his own house, he hath denied the faith and is worse than an infidel. Providing for one’s family is scriptural. The scripture also tells us to “Render unto Caesar the things that are Caesar’s and unto God the things that are God’s” Mark 12:17. Paying taxes is scriptural. Therefore, we are obligated to pay any taxes we owe to Uncle Sam at the time of our death. However, we are not obligated to pay more than the law requires and should therefore arrange our estate in such a way as to minimize costs and taxes and give more to God and family.
Sometimes providing for our family and being a good steward of the resources God has given us means setting up a trust for minor children or for a disabled child. Sometimes it means making tough decisions like placing assets in a trust for a child who has a destructive addiction or who is financially irresponsible. Providing for the family of God may include a gift to His work given through a Will or Trust. Doing so shows our gratitude to God for all He has given us to enjoy during our lifetimes.
There are many Baptist ministries you may choose to benefit. You may give to your church, association, state convention, a Baptist children’s home or Baptist college or to North American or International missions.
If you have not already done so, see an estate-planning attorney or call your State Baptist Foundation to assist you in getting your house in order. in accomplishing this task, don’t forget the Lord’s work.