Are you succeeding at the wrong thing? A healthy legacy involves a mindset shift from the norms of the American Dream.When AJ began his business, he began with little thought to legacy. Mainly, he thought about surviving for the first few years. But eventually he crossed that hurdle, and the business actually reached a point …
Planned Giving Legacy Post
In our 5G world, I think we’ve forgotten the impact of a life well lived—or in some cases the life lived poorly.When I’m talking about impact, I’m not talking about merely for today, tomorrow, or even the years to come. I’m talking about generations. Our lives hold the potential to bring enormous good—or negative consequences—for generations.To see this …
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SAFE-GUARDING THE LEGACY OF FOCUS ON THE FAMILY FOR FUTURE GENERATIONS https://vimeo.com/985841567/832725bb41 Christian organizations face immense pressure to compromise on their mission and biblical principles.At Focus on the Family, our roots run deep, grounded in a steadfast commitment to our mission and values since our inception in 1977. As we navigate the ever-changing landscape of …
Adventures in Odyssey— One Grand Party https://vimeo.com/1000444147/680bd84a22?share=copy&sfcid=0034W00002fa8frQAA
Drafting an estate plan isn’t something most people get excited about. I don’t know many who are eager to think about their passing, or to wade through all those legal documents. I believe including a “legacy letter” can help a lot. Let me explain.Think about it. You sit down with a lawyer to plan your …
I’ve heard it said many times now and in various ways, but the principle is the same: we should prepare our families to receive assets.Too many times, heirs are unprepared to have a pile of assets dumped into their lap with little ceremony, little communication and little preparation.What do they do with this newfound wealth? If …
Building great family culture starts with stories.Brad Grey of Walking the Text teaches a simple truth: in Jewish families, from birth to about age 5, parents sought to taught their children two things.First, they taught the Shema: Hear O Israel, the Lord is our God, the Lord is one. And as for you, you shall love …
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In 2015, a 1961 Ferrari 250 GT SWB California Spider sold for a whopping $18.5 million at auction.As personal wealth has increased, so has the use of auctions to buy and sell classic cars. Some use classic cars as a form of asset allocation and diversification. Some, of course, collect cars for the love of …
I used to think of legacy as something we left behind. But not anymore.What’s the purpose of family? I sometimes ask that question of the families that I work with. The answers vary but often center on ideas like love, support, care, companionship–even fun. While those answers are good, I think there are bigger ideas that …
What’s the purpose of family?When I ask that question, the answers are many and varied.To teach valuesTo reflect God’s imageTo provide supportTo reproduce the speciesTo have funTo train future generationsAll of those are true and right. But is there a bigger purpose above and beyond those ideas. I’ll sometimes say that in our world today, …
When I sit down with families who are preparing estate plans, the hardest question they face is how much they will leave their children. This question is full of emotion. For some parents, the inheritance question is a way to make up for guilt for what they feel is their improper parenting. For some, the …
95 Cents Directed to Ministry https://vimeo.com/925229750/9e4c93f400?share=copy Jessica’s Option Ultrasound Story https://vimeo.com/908772213/7e72ab638c
Has your spouse or a family member ever said to you, “What do I do when you’re gone? Who do I call? Where do I find all the family’s information? How do I take care of things?” I know my wife has posed such questions to me. Making sure your loved ones know the answers to these questions …
6 generations of business success.We tend to not think like that. In America, often the mantra has been build to sell—not build to hold, or build for purpose.In 1897, Isaac Van Westenbrugge established a butter and egg delivery service in Grand Rapids, Michigan. By 1916, Ben Gordon, 16, joined the company sweeping floors, unloading margarine, …
Christian organizations face immense pressure to compromise on their mission and biblical principles.At Focus on the Family, our roots run deep, grounded in a steadfast commitment to our mission and values since our inception in 1977. As we navigate the ever-changing landscape of Christian ministry, we understand the importance of safeguarding our legacy and remaining …
If you have a traditional IRA than I’m sure you know about the Required Minimum Distribution (RMD) that begins as age 73 – this withdrawal MUST be taken annually to avoid IRS penalties and comes out as taxable income.This can be great if you need the additional funds, but it can also create some challenges …
I gathered with a group of legacy planners from around the country just recently. The conversation was robust, and they articulated many common themes. One theme came up again and again: Relational health in a family is of first importance if they are to succeed across generations.Often, though, relational health gets placed behind the transfer …
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