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المحتوى المقدم من A.B. Ridgeway. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة A.B. Ridgeway أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
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Daughter Loses Family Home Because Dad Didn't Have A Will (#201)

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Manage episode 403991965 series 3320629
المحتوى المقدم من A.B. Ridgeway. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة A.B. Ridgeway أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Episode Summary: In this episode of "Financial Advisors Who Say the Darndest Things," AB Ridgeway delves into the importance of preparing a will, emphasizing the consequences of not having one through a real-life scenario. He discusses the complexities that arise when assets are not properly allocated, especially in blended families, and offers practical advice on how to navigate such situations according to biblical principles.

Key Takeaways:

  1. Importance of Estate Planning: Ridgeway stresses the significance of estate planning, highlighting that a will is not just about distributing assets but also about providing clarity and peace of mind to loved ones left behind. Without a will, families risk disputes and complications that could have been avoided with proper preparation.
  2. Seeking Professional Help: While a will may seem straightforward, Ridgeway emphasizes the need for professional assistance, such as attorneys specializing in estate planning. This ensures that documents are legally sound and tailored to individual circumstances, reducing the likelihood of ambiguity or disputes.
  3. Biblical Principles: Drawing from Proverbs 13:22, Ridgeway underscores the biblical mandate for leaving an inheritance to one's descendants. He argues that neglecting to create a will contradicts these principles, potentially jeopardizing the financial well-being of future generations.
  4. Timeliness of Decision-Making: Ridgeway advises listeners to address estate planning decisions proactively, especially during significant life events. Waiting until crises occur can lead to rushed or uninformed choices, potentially exacerbating family tensions and financial burdens.
  5. Financial Empowerment: Finally, Ridgeway advocates for financial literacy and empowerment, encouraging listeners to take control of their financial futures. He offers resources and strategies, such as paying off mortgages faster, to help individuals achieve greater financial stability and security.

Quotes:

  1. "A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous." - Proverbs 13:22
  2. "Wills are not complicated documents... It's basically just a questionnaire. You fill it in and at least you have something." - AB Ridgeway
  3. "If you want to reduce the probability of dealing with your beneficiaries and the mortgage... then that means you need to pay down the mortgage as soon as possible." - AB Ridgeway

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

  continue reading

280 حلقات

Artwork
iconمشاركة
 
Manage episode 403991965 series 3320629
المحتوى المقدم من A.B. Ridgeway. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة A.B. Ridgeway أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Episode Summary: In this episode of "Financial Advisors Who Say the Darndest Things," AB Ridgeway delves into the importance of preparing a will, emphasizing the consequences of not having one through a real-life scenario. He discusses the complexities that arise when assets are not properly allocated, especially in blended families, and offers practical advice on how to navigate such situations according to biblical principles.

Key Takeaways:

  1. Importance of Estate Planning: Ridgeway stresses the significance of estate planning, highlighting that a will is not just about distributing assets but also about providing clarity and peace of mind to loved ones left behind. Without a will, families risk disputes and complications that could have been avoided with proper preparation.
  2. Seeking Professional Help: While a will may seem straightforward, Ridgeway emphasizes the need for professional assistance, such as attorneys specializing in estate planning. This ensures that documents are legally sound and tailored to individual circumstances, reducing the likelihood of ambiguity or disputes.
  3. Biblical Principles: Drawing from Proverbs 13:22, Ridgeway underscores the biblical mandate for leaving an inheritance to one's descendants. He argues that neglecting to create a will contradicts these principles, potentially jeopardizing the financial well-being of future generations.
  4. Timeliness of Decision-Making: Ridgeway advises listeners to address estate planning decisions proactively, especially during significant life events. Waiting until crises occur can lead to rushed or uninformed choices, potentially exacerbating family tensions and financial burdens.
  5. Financial Empowerment: Finally, Ridgeway advocates for financial literacy and empowerment, encouraging listeners to take control of their financial futures. He offers resources and strategies, such as paying off mortgages faster, to help individuals achieve greater financial stability and security.

Quotes:

  1. "A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous." - Proverbs 13:22
  2. "Wills are not complicated documents... It's basically just a questionnaire. You fill it in and at least you have something." - AB Ridgeway
  3. "If you want to reduce the probability of dealing with your beneficiaries and the mortgage... then that means you need to pay down the mortgage as soon as possible." - AB Ridgeway

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

  continue reading

280 حلقات

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