• #117. 2024 Countdown #1 - Estate Planning: You Can't Take It With You

  • Dec 31 2024
  • Length: 41 mins
  • Podcast

#117. 2024 Countdown #1 - Estate Planning: You Can't Take It With You

  • Summary

  • Natisha Matthews, an ordained elder and attorney, shares about the importance of estate planning for Christians, particularly in the urban community.

    WHAT YOU'LL LEARN:
    • Cost of not planning for your estate (even if you think you don't have anything)
    • What are wills, power of attorney, health care proxy?
    • Mindset for estate planning

    ABOUT THE GUEST:

    Rev Matthews areas of practice are Trusts and Estates and Real Estate. She is passionate about teaching believers and the urban community about Estate Planning. Currently she is one of the ordained Elders of Bethel Gospel Assembly, Inc. where the Senior Pastor is Bishop Dr. Carlton T. Brown.

    TIMESTAMPED SHOWNOTES:

    01:35 - Passionate about estate planning dialog

    02:57 - Raised in an urban immigrant community

    03:43 - Journey to eldership and attorney

    07:51 - Importance of estate planning

    09:21 - Basics of Estate Planning: will, power of attorney, health care proxy

    09:27 - Wills

    09:35 - Power of Attorney

    10:22 - Health care proxy

    11:02 - People don't feel the need for estate planning

    11:25 - Not planning creates chaos, uncertainty, confusion

    12:10 - We do not prepare for estate planning

    12:19 - Estate planning is not usually known about, especially in urban communities

    12:40 - Mindset is important

    12:50 - Urban communities tend to think more about survival from paycheck to paycheck

    13:16 - Suburban communities more plan for the future

    14:14 - Both cultural and racial norms come into play

    17:24 - How should Christians approach estate planning?

    17:31 - Get understanding and knowledge about estate planning

    18:22 - Some culture shy away from talking about death and estate planning

    20:06 - How should younger people approach estate planning?

    20:49 - Plan for the unexpected

    21:16 - Get something in place - it can always be changed, if needed

    22:04 - Debunk the myths

    22:17 - Not planning is selfish because it will negatively affect loved ones

    23:32 - What cultural and ethnic considerations need to be considered?

    24:25 - How do we change people's mindset?

    26:23 - Opportunity to share Christ in estate planning conversations

    27:42 - What are the financial barriers to estate planning?

    28:33 - Estate planning establishes a legacy

    28:52 - Not planning creates more expensive procedures

    29:08 - Petitioning the court

    29:49 - Incapacitated people can't sign a power of attorney or health care proxy

    31:15 - Pay for a will on a payment plan

    32:08 - Unexpectedly used by God and He opened doors

    36:16 - Initial Steps to Estate Planning

    37:14 - How can a pastor help his congregation in this matter?

    38:26 - What is God saying to you using this podcast?

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