E77: Stewarding Wealth Across Generations - Preparing Your Heirs for Inherited Wealth

Look deeper than the technical details of estate planning and explore the biblical principles that should guide how we transfer wealth to the next generation.  Far too often, estate plans focus solely on tax strategies and asset protection, without considering the spiritual and relational impact on heirs. But the Bible warns against simply handing down wealth without also passing down wisdom. Listen as your host, Eric Scovill, unpacks practical ways to ensure your estate planning aligns with godly stewardship, cultivates responsibility in your heirs, and prepares them for the burden and privilege of inherited wealth.  [00:00] Introduction [02:38] Revocable living trusts and their benefits [06:30] Irrevocable trusts and their tax implications [12:50] Generation-skipping trusts and QTIP trusts [18:14] Community property and per stirpes vs. per capita [24:27] Step-up in basis and its political implications [27:57] Biblical considerations in estate planning [33:47] Seeking financial counsel from the Bible