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Dr. Wright (2002), an ORU professor, provides the foundational principles for es

by | Apr 26, 2022 | Business and Management

 

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Dr. Wright (2002), an ORU professor, provides the foundational principles for estate planning in his book Inheritance by a Promise.
1) We cannot shirk our responsibilities as stewards no matter how little we have.
2) The Bible clearly addresses the issue of inheritance
3) Although we are to live within the expectation of Christ’s second coming, as stewards we also need to plan for our lives here on earth until our Lord returns (p.2-3)
Dr. Wright also makes the following statement: While many Americans criticize the government for oppressing people through taxation, they fail to implement the available tools to minimize or even eliminate estate taxes. We can utilize a plan that will pay the required taxes and still leave an estate that can be distributed to our beneficiaries and glorify God (p. 31). In your opinion, do financial principles provided in scripture and the personal financial planning concepts discussed in this course support the concept of Estate Planning and the need for a will? Explain and support your opinion with references.
Scriptural Consideration Foundation of Inheritance – Numbers 27: 5-11
Spiritual Inheritance – I Peter 1: 3-4
Taxes and Stewardship – Matthew 25: 14-30, Matthew 22: 15-21, Roman 13: 6-7

 

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