Summary: Death and Taxes - Howard and Steve talk about preparing for a couple of life's certainties. Howard reminds us that God's the owner of everything, including the stuff he has put in our care. That's one of the reasons why it's important for each of us to prepare a will or trust. Howard discusses the differences between these two instruments, both of which are tools of communication so that your loved ones can know what your wishes are with regard to you assets. Next, Steve asks about where life insurance fits into the equation, and what the tax implications are with regard to our estate planning. Calls and emails (800-525-7000 or moneywise@compass1.org) include the following: How to know to whom we are to give beyond the local church (Steve offers the suggestion of setting up a personal benevolence fund) Whether or not to borrow from a retirement account to pay off a balloon loan Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise Weekend on-the-air!
