I want to spend my life
00:00:01.36\00:00:07.34
Mending broken people
00:00:07.37\00:00:12.24
I want to spend
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My life removing pain.
00:00:14.94\00:00:21.88
Lord, let my words
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Heal a heart that hurts
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I want to spend my whole life
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Mending broken people
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I want to spend my whole life
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Mending broken people.
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Well, hello.
00:01:06.49\00:01:07.83
And I welcome you to
this program 3ABN Today.
00:01:07.86\00:01:11.40
We always appreciate it
00:01:11.43\00:01:13.17
when you join us
in our living room
00:01:13.20\00:01:15.74
as we bring our guest to you.
00:01:15.77\00:01:17.51
We've got some
guest, we want you to meet,
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and so let me introduce everyone
00:01:19.74\00:01:22.11
that's with us here.
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We got a great
program for you today.
00:01:23.51\00:01:25.25
And I've got my
co-host, Earlenne Hunt.
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Earlenne, it's so good
to have you with us today.
00:01:27.85\00:01:29.72
Thank you, Mollie.
00:01:29.75\00:01:31.09
And Earlenne is a Trust Officer
00:01:31.12\00:01:34.86
in our Planned Giving and
Trust Services department.
00:01:34.89\00:01:38.86
And we also have
with us an attorney.
00:01:38.89\00:01:41.60
His name is Barry Benton.
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Barry, it's so good
to have you with us.
00:01:43.43\00:01:45.07
Thank you, Mollie.
00:01:45.10\00:01:46.43
And with Barry,
we have a couple.
00:01:46.47\00:01:50.97
Their names are
Pat and Bob Manning.
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Pat and Bob, it's
good to have you here.
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Thank You.
00:01:55.24\00:01:56.58
And I want to just
let you know that today,
00:01:56.61\00:02:00.48
we are going to talk to you,
00:02:00.52\00:02:02.52
and this program is
especially designed for women,
00:02:02.55\00:02:06.32
although of course,
we've got gentleman with us,
00:02:06.35\00:02:08.92
but we want to talk to you women
00:02:08.96\00:02:11.23
about the need and the necessity
00:02:11.26\00:02:14.20
for some
planning for your future.
00:02:14.23\00:02:17.10
I've got some
statistics and I always do this
00:02:17.13\00:02:19.93
when we do one
of these programs,
00:02:19.97\00:02:21.80
because first and foremost,
I wan tot get your attention
00:02:21.84\00:02:25.17
of how important it is
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that we take into
our hands our future,
00:02:27.61\00:02:31.28
and not let somebody
else make decisions for us,
00:02:31.31\00:02:34.58
that could adversely affect us.
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Let me just read a
few statistics to you.
00:02:36.62\00:02:41.02
According to
Miss money magazine,
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75 percent of
women will become widows
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at some point in their life.
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The average age of
widowhood is 56 years of age.
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That's really young, isn't it.
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Yeah. Fifty six years of age!
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Yeah, let me tell
you this, in a poll,
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50 percent of women
said that they fear,
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the one thing
they fear the most,
00:03:09.42\00:03:12.59
is the loss of their money
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and that they will
become destitute in old age.
00:03:15.09\00:03:18.79
Now, here is another statistic,
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87 percent of
the poverty stricken,
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87 percent of the poverty
stricken are elderly women.
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Women, am I
getting your attention?
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What I want to do
today is encourage you,
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first and
foremost, to take some steps
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that will secure your future.
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You'll be good stewards of
what God has blessed you with,
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and that you'll
have some security
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in you heart for
your declining years.
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Every one of us
are gonna get old.
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There is just no
two ways about that,
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but we want you to
have some security,
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that as you decline in age,
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that you won't become destitute.
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You won't become part of
this percentage of 87 percent
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that is poverty stricken.
00:04:08.38\00:04:11.41
Now, one in four women,
00:04:11.45\00:04:15.12
from 65 to 74 are widows.
00:04:15.15\00:04:18.89
According to the
consensus figures,
00:04:18.92\00:04:21.29
when women reach 85,
3 out of 4 are widows.
00:04:21.32\00:04:26.59
Now, some people will
say, "Well, that okay.
00:04:26.63\00:04:28.70
I'll just remarry."
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But only 7
percent of widows remarry.
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Do you what that's telling us?
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93 percent don't remarry,
and every one of these widows
00:04:36.14\00:04:41.68
aren't always
taken proper care of.
00:04:41.71\00:04:45.21
And I was just reading
00:04:45.25\00:04:48.02
something that a
lady had written,
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and she said, she was a widow.
00:04:50.22\00:04:53.36
She said, "As I was
cleaning off my husband's desk,
00:04:53.39\00:04:57.76
I found a life insurance policy
that was completely filled out.
00:04:57.79\00:05:04.37
He had just never turned it in."
00:05:04.40\00:05:06.77
He had left her destitute.
00:05:06.80\00:05:09.20
What a difference, that policy,
00:05:09.24\00:05:11.44
insurance policy.
00:05:11.47\00:05:14.44
It would have made for
her and for her children.
00:05:14.48\00:05:17.11
He meant well.
00:05:17.15\00:05:18.65
He just didn't
follow it through.
00:05:18.68\00:05:20.92
So Earlenne, today, I
want us to talk to the ladies.
00:05:20.95\00:05:24.92
Okay.
00:05:24.95\00:05:26.29
I want us to
talk with our guest.
00:05:26.32\00:05:27.72
That will be great.
00:05:27.76\00:05:29.09
And we want to look
at some opportunities
00:05:29.12\00:05:31.59
that we have for
women to put themselves
00:05:31.63\00:05:35.83
in a position of being
secured in their older age.
00:05:35.86\00:05:39.00
But Earlenne,
before we go there,
00:05:39.03\00:05:40.94
before we look into this,
00:05:40.97\00:05:42.37
we've got
Kateena LeForge with us
00:05:42.40\00:05:44.61
and she is going to
sing for us, "It is well."
00:05:44.64\00:05:47.71
When peace like a river
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Attendeth my way
00:06:26.18\00:06:32.79
When sorrows
00:06:32.82\00:06:36.86
Like sea billows roll
00:06:36.89\00:06:43.87
Whatever my lot
00:06:45.80\00:06:51.81
Thou hast taught me to say
00:06:51.84\00:06:58.61
It is well
00:06:58.65\00:07:01.12
It is well with my soul
00:07:01.15\00:07:08.12
It is well
00:07:10.93\00:07:17.80
With my soul
00:07:17.83\00:07:24.81
It is well
00:07:24.84\00:07:27.91
It is well with my soul
00:07:27.94\00:07:34.88
And Lord, haste the day
00:07:56.40\00:08:01.81
When my faith shall be sight
00:08:01.84\00:08:08.68
The clouds be rolled back
00:08:08.72\00:08:14.19
As a scroll
00:08:14.22\00:08:21.20
The trump shall resound
00:08:21.23\00:08:28.00
And the Lord shall descend
00:08:28.04\00:08:33.58
Even so
00:08:33.61\00:08:36.88
It is well with my soul
00:08:36.91\00:08:43.89
It is well
00:08:46.69\00:08:50.26
It is well
00:08:50.29\00:08:53.63
With my soul
00:08:53.66\00:08:56.93
With my soul
00:08:56.97\00:09:03.74
It is well
00:09:03.77\00:09:06.91
It is well with my soul
00:09:06.94\00:09:13.92
It is well
00:09:16.99\00:09:20.29
It is well
00:09:20.32\00:09:27.30
With...
00:09:32.70\00:09:38.17
My soul
00:09:38.21\00:09:45.15
You know, Earlenne,
when I get to heaven,
00:10:03.80\00:10:06.43
I'm gonna be able to
sing like Kateena Laf orge.
00:10:06.47\00:10:09.14
Oh, won't that be wonderful?
00:10:09.17\00:10:11.24
Yes. She has a beautiful voice.
00:10:11.27\00:10:13.31
She does, she does.
00:10:13.34\00:10:14.84
It touches your
soul. Yes, it does.
00:10:14.88\00:10:16.85
That's what I
like about it. It does.
00:10:16.88\00:10:19.05
Well, Barry, you
have been with us,
00:10:19.08\00:10:21.75
been working with
3ABN for quite some time.
00:10:21.78\00:10:25.62
You're an attorney.
00:10:25.65\00:10:26.99
I know, you're retired now,
00:10:27.02\00:10:28.62
but you still have been
part of 3ABN for many years.
00:10:28.66\00:10:32.26
Just tell our
people a little about you,
00:10:32.29\00:10:35.66
a little about what
you have done for 3ABN.
00:10:35.70\00:10:38.80
Well, I've been practicing,
all for 49 years, to this day.
00:10:38.83\00:10:42.57
When I've
retired, I kept one client.
00:10:42.60\00:10:45.67
And that client is 3ABN.
00:10:45.71\00:10:47.34
The only client
I'm still working with.
00:10:47.38\00:10:49.81
And for the last
20 some odd years,
00:10:49.84\00:10:53.31
I've been doing
nothing but estate planning.
00:10:53.35\00:10:54.98
I have a Masters
degree from Emory University
00:10:55.02\00:10:57.72
in Taxation and Estate Planning.
00:10:57.75\00:11:00.22
So I did wills and trusts,
00:11:00.26\00:11:01.76
and all kinds of trust
for 3ABN over the last,
00:11:01.79\00:11:06.49
probably most of
the last 20 years.
00:11:06.53\00:11:08.43
Oh, yes.
00:11:08.46\00:11:09.80
And we really,
really appreciate him.
00:11:09.83\00:11:12.10
Something that I
want people to know
00:11:12.13\00:11:15.17
is that we use legal counsel,
00:11:15.20\00:11:18.67
sound, Godly, experienced,
intelligent legal counsel.
00:11:18.71\00:11:24.25
And although 3ABN is the
one that will pay your bill,
00:11:24.28\00:11:30.25
when you have a bill with us,
00:11:30.29\00:11:32.55
when our legal counsel
is working on your behalf,
00:11:32.59\00:11:36.09
they are
representing you 100 percent.
00:11:36.12\00:11:39.16
They take care of what
is in your best interest,
00:11:39.19\00:11:41.86
isn't that right, Barry?
00:11:41.90\00:11:43.23
That's correct.
00:11:43.26\00:11:44.60
You are, you are my client.
00:11:44.63\00:11:45.97
But here I am talking about
the individual member of that,
00:11:46.00\00:11:49.17
go through 3ABN, to get
their estate documents done.
00:11:49.20\00:11:51.97
Yes.
00:11:52.01\00:11:53.34
Well, we've got a
lot of information
00:11:53.38\00:11:54.71
we want to extract from you.
00:11:54.74\00:11:56.41
Because today,
what we're doing is,
00:11:56.44\00:11:58.58
we are educating you,
00:11:58.61\00:11:59.98
so that you will be
one of the informed.
00:12:00.02\00:12:02.15
You know, earlier,
I talked a little bit
00:12:02.18\00:12:03.95
about some of the
scarier sides of aging.
00:12:03.99\00:12:08.02
But, you know, being a widow,
00:12:08.06\00:12:10.96
that's the coin
that can have two sides.
00:12:10.99\00:12:13.06
And I talked about one
00:12:13.09\00:12:14.43
which was that of
being may be a destitute,
00:12:14.46\00:12:19.13
not financially secure.
00:12:19.17\00:12:20.97
But something else
happens to the widows.
00:12:21.00\00:12:23.71
When the husband
passes, they can inherit,
00:12:23.74\00:12:27.28
a woman can
inherit a lot of money.
00:12:27.31\00:12:29.91
She can come into
life insurance policies,
00:12:29.94\00:12:33.28
or the estate of her husband.
00:12:33.31\00:12:35.25
She needs to be
just as informed,
00:12:35.28\00:12:37.95
just as well equipped,
00:12:37.99\00:12:41.09
to be good
stewards of that money,
00:12:41.12\00:12:42.86
as any other person.
00:12:42.89\00:12:45.43
I looked at
some more statistics,
00:12:45.46\00:12:47.33
I know people think
me and my statistics.
00:12:47.36\00:12:49.86
But only 35 percent of women
have a plan for their future.
00:12:49.90\00:12:54.97
And only, when at the passing,
00:12:55.00\00:12:58.54
when women come into
a large sum of money,
00:12:58.57\00:13:00.84
you know, only 12
percent use professional help.
00:13:00.88\00:13:04.31
And the other 12,
00:13:04.35\00:13:05.71
what's the other 88
percent that, they'll be using?
00:13:05.75\00:13:08.55
That would be
friends and family.
00:13:08.58\00:13:10.45
And that's not always
the wisest thing to do.
00:13:10.49\00:13:13.19
That's why we are here
at 3ABN, have good sound,
00:13:13.22\00:13:17.19
Godly counsel
for you to come to.
00:13:17.23\00:13:20.46
So Earlenne, we have
with us the Mannings.
00:13:20.50\00:13:23.33
Oh, we've some
wonderful guests with us today.
00:13:23.37\00:13:26.57
We have Pat and Bob
Manning with us today.
00:13:26.60\00:13:30.77
They are from Maine.
00:13:30.81\00:13:32.37
And we welcome you to the
3ABN studios to be with us.
00:13:32.41\00:13:34.98
Thank you.
00:13:35.01\00:13:36.34
And tell us a
little about yourselves,
00:13:36.38\00:13:38.25
and how we managed to meet you.
00:13:38.28\00:13:41.08
And how you have
been attached to 3ABN,
00:13:41.12\00:13:45.02
for quite sometime?
00:13:45.05\00:13:46.39
Can you share
that with us, today?
00:13:46.42\00:13:48.49
Yes, Earlenne and Roy,
00:13:48.52\00:13:51.13
were are so kind
to come to our home
00:13:51.16\00:13:54.33
and initiate the
process of a trust in our will.
00:13:54.36\00:14:01.30
So we really appreciate that,
and we've grown to love you.
00:14:01.34\00:14:04.17
Thank you. Thank you so much.
00:14:04.21\00:14:06.44
And Bob, tell us
about your lovely wife.
00:14:06.47\00:14:09.34
Now, we found out that
she is a fantastic cook
00:14:09.38\00:14:12.45
and that she can
entertain very well
00:14:12.48\00:14:15.45
in a very healthy way.
00:14:15.48\00:14:18.02
We enjoyed that at your home.
00:14:18.05\00:14:19.85
Tell us a little
bit about yourself.
00:14:19.89\00:14:22.22
Well, it's hard to...
00:14:22.26\00:14:23.66
little hard to begin
with my precious wife, Pat.
00:14:23.69\00:14:26.90
But she is an artist.
00:14:26.93\00:14:29.96
Yes, she is. Does
beautiful art work.
00:14:30.00\00:14:33.03
She is one of the
world's best cooks.
00:14:33.07\00:14:35.30
Amen.
00:14:35.34\00:14:36.67
And by the way, she
is a LiveFood specialist,
00:14:36.71\00:14:41.84
as a result of our
ministry through Holy Call,
00:14:41.88\00:14:46.51
Northern Botanicals.
00:14:46.55\00:14:47.88
That's right,
00:14:47.92\00:14:49.25
and what a
pleasure to be in your home,
00:14:49.28\00:14:50.62
and see where you
grow your own Kale,
00:14:50.65\00:14:52.92
and produce these
things and share them.
00:14:52.95\00:14:54.99
It is just wonderful.
00:14:55.02\00:14:56.36
And I have to say,
that was a fantastic meal.
00:14:56.39\00:14:59.93
But the art
work was exceptional.
00:14:59.96\00:15:02.90
You know, something
that I have learned,
00:15:02.93\00:15:04.63
just in the short
time that I've known you,
00:15:04.67\00:15:06.67
is that you've
been a part of 3ABN
00:15:06.70\00:15:08.77
for quite sometime.
00:15:08.80\00:15:10.14
Yes.
00:15:10.17\00:15:11.51
We were working in a
ministry, in Florida,
00:15:11.54\00:15:13.81
another ministry in Florida,
00:15:13.84\00:15:15.61
and this was many years ago.
00:15:15.64\00:15:19.01
In fact, it was about the
time that 3ABN was coming about.
00:15:19.05\00:15:24.19
That would be 31 years ago.
00:15:24.22\00:15:25.75
Thirty one years ago.
00:15:25.79\00:15:27.12
Yes.
00:15:27.16\00:15:28.49
So we heard about this carpenter
00:15:28.52\00:15:30.43
that was trying 0to
build a television station
00:15:30.46\00:15:33.70
that would reach the world
00:15:33.73\00:15:35.06
and, so we have been
following you ever since
00:15:35.10\00:15:39.30
and just been praying for 3ABN,
00:15:39.33\00:15:41.50
and being tremendously
blessed by your program.
00:15:41.54\00:15:45.87
So the two of you have been
00:15:45.91\00:15:47.24
long time
family members of 3ABN?
00:15:47.28\00:15:48.88
Yes. 3ABN family members.
00:15:48.91\00:15:50.78
Yes.
00:15:50.81\00:15:52.15
And they've been here for
camp meeting, several times.
00:15:52.18\00:15:54.55
And we just
enjoy you folks so much
00:15:54.58\00:15:58.22
because of your connection
to 3ABN for so many years.
00:15:58.25\00:16:02.42
Now you did
something up in Maine
00:16:02.46\00:16:04.93
that I'd really like
our friends to hear about.
00:16:04.96\00:16:07.16
Can you share
your story in Maine
00:16:07.20\00:16:08.63
and what you did for 3ABN?
00:16:08.66\00:16:10.97
And whether you want to or Bob?
00:16:11.00\00:16:12.80
Yes, Bob would be the downlink.
00:16:12.83\00:16:14.20
The downlink! The downlink.
00:16:14.24\00:16:16.00
Tell us all about
it. We were so excited.
00:16:16.04\00:16:17.97
We wanted to spread the word
00:16:18.01\00:16:20.98
Northern in New
England, and so...
00:16:21.01\00:16:24.51
Well, we were on
all in the search
00:16:24.55\00:16:26.61
for a opportunity
00:16:26.65\00:16:30.59
to develop a downlink,
00:16:30.62\00:16:34.26
through a FCC permit.
00:16:34.29\00:16:38.56
And as the Lord led,
00:16:39.89\00:16:43.20
we came across a
pentecostal brother,
00:16:43.23\00:16:48.80
who had a system in Water--
00:16:48.84\00:16:51.24
Well, it was license to
the city of Waterville, Maine.
00:16:51.27\00:16:55.71
And he came to the point
where that he wanted to sell.
00:16:55.74\00:17:02.65
And it was around $80,000.
00:17:02.68\00:17:07.16
And subsequently,
things changed for him
00:17:07.19\00:17:10.53
and he was ready
to sell for 50,000.
00:17:10.56\00:17:13.60
So Moses came up and
looked at the situation
00:17:13.63\00:17:18.20
and recommended that we do that.
00:17:18.23\00:17:20.34
Isn't that just fantastic?
00:17:20.37\00:17:21.97
So with your efforts,
00:17:22.00\00:17:23.34
we were able to get on a
downlink up there in Maine.
00:17:23.37\00:17:25.14
Yeah.
00:17:25.17\00:17:26.51
So because of your efforts,
00:17:26.54\00:17:27.88
the gospel of
the Lord Jesus Christ
00:17:27.91\00:17:29.81
has been spread all
over that area up there.
00:17:29.84\00:17:32.91
And Pat shared with me.
00:17:32.95\00:17:34.48
I can read the story about
how 3ABN started many times
00:17:34.52\00:17:37.99
and still get
something out of it.
00:17:38.02\00:17:39.35
Correct.
00:17:39.39\00:17:40.72
Because it's such
a wonderful story.
00:17:40.76\00:17:42.09
And to know,
you're part of it. Right.
00:17:42.12\00:17:43.86
Yes, I thrill every
time I hear the story.
00:17:43.89\00:17:46.73
You know, we're
here today to talk about
00:17:46.76\00:17:50.87
our Planned Giving and
Trust Services department,
00:17:50.90\00:17:53.90
and the different
instruments, and so forth.
00:17:53.94\00:17:56.14
And I know,
Bob, that you and Pat
00:17:56.17\00:18:01.11
have looked into
writing a document,
00:18:01.14\00:18:04.45
and you have
written a document with us.
00:18:04.48\00:18:06.45
Right.
00:18:06.48\00:18:07.82
Tell us what prompted you
to look into that possibility
00:18:07.85\00:18:12.15
or the need that you saw
00:18:12.19\00:18:14.06
to become a part of the Planned
Giving and Trust Services.
00:18:14.09\00:18:17.69
Well, it was exactly
nine years ago, this month,
00:18:17.73\00:18:22.70
that I was diagnosed as
a result of a colonoscopy,
00:18:22.73\00:18:26.90
with colon cancer.
00:18:26.94\00:18:29.87
And they moved me
00:18:29.90\00:18:34.34
right from the colonoscopy,
00:18:34.38\00:18:37.41
very next morning, into surgery.
00:18:37.45\00:18:40.95
It happened fast and the
things happened pretty fast.
00:18:40.98\00:18:44.65
In our neck of the woods,
when Pat or I are in trouble,
00:18:44.69\00:18:48.39
because our
precious daughter Shoran
00:18:48.42\00:18:51.09
is an RN and knows
the system very well,
00:18:51.13\00:18:55.26
and so the next morning
00:18:55.30\00:18:57.57
after having received
the two units of blood,
00:18:57.60\00:19:01.90
I was operated on.
00:19:01.94\00:19:05.11
I had a
appendectomy, cholecystectomy,
00:19:05.14\00:19:11.85
and a portion of my
ascending colon was removed.
00:19:11.88\00:19:17.39
Right.
00:19:17.42\00:19:19.59
And it turned out
that there were still
00:19:19.62\00:19:24.13
cancer cells in
the lymph system.
00:19:24.16\00:19:27.36
So the surgeon recommended
Adjuvant chemotherapy.
00:19:27.40\00:19:34.30
At that point, we
didn't have a will.
00:19:34.34\00:19:37.94
And we went to our attorney
00:19:37.97\00:19:41.44
and in a very
desperate situation,
00:19:41.48\00:19:45.15
to have a will drawn up.
00:19:45.18\00:19:48.08
It's really not
the best time to,
00:19:52.72\00:19:55.39
have a will drawn up, at
a time when you're facing...
00:19:55.42\00:19:57.69
In a crisis. Yes.
00:19:57.73\00:19:59.73
It is easy to miss
important facts too.
00:19:59.76\00:20:02.20
Yes.
00:20:02.23\00:20:03.57
That' one of the things
that you shared with me,
00:20:03.60\00:20:05.03
that even though
you had drawn that up,
00:20:05.07\00:20:07.27
you have missed some
very important things
00:20:07.30\00:20:09.90
that you wanted to
do for your family,
00:20:09.94\00:20:12.01
and your church and 3ABN.
00:20:12.04\00:20:14.14
Yes.
00:20:14.18\00:20:15.51
But you were in
a crisis situation.
00:20:15.54\00:20:18.21
And you knew, you
needed to do something.
00:20:18.25\00:20:19.75
Right.
00:20:19.78\00:20:21.12
So I think, and
we want to get back
00:20:21.15\00:20:22.75
to what you were telling us,
00:20:22.78\00:20:24.39
but I think, what
we need to see here,
00:20:24.42\00:20:26.72
would you concur
with this, Barry,
00:20:26.76\00:20:29.49
is that we need
to make decisions
00:20:29.52\00:20:32.16
in a clear thinking
time, not in a crisis time.
00:20:32.19\00:20:35.76
Correct. So.
00:20:35.80\00:20:37.37
So you were in that situation,
so you went to your attorney.
00:20:37.40\00:20:40.77
As things matured, I
went on to the chemotherapy.
00:20:45.04\00:20:50.11
And after three
injections, infusions,
00:20:50.15\00:20:56.82
I had adhesions.
00:20:56.85\00:20:58.82
And nothing was
going through me.
00:20:58.85\00:21:01.89
There was--
00:21:01.92\00:21:03.26
It's quite a story
about how I got back
00:21:03.29\00:21:04.63
into the hospital
system to have that treated.
00:21:04.66\00:21:07.73
But as a result,
00:21:07.76\00:21:09.46
I had to have a second operation
00:21:09.50\00:21:12.20
to remove the blockage,
00:21:12.23\00:21:16.20
in a very compromised situation.
00:21:16.24\00:21:18.47
But my surgeon, he came around
00:21:23.24\00:21:27.68
one of the
mornings to check on me.
00:21:27.72\00:21:29.65
And I was becoming a
little bit more lucid
00:21:29.68\00:21:33.46
and he said, "If I were
you, I wouldn't try that again,
00:21:33.49\00:21:37.13
"meaning the chemotherapy.
00:21:37.16\00:21:38.53
Right.
00:21:38.56\00:21:39.89
He says, that's what
caused the adhesions.
00:21:39.93\00:21:43.10
And he says, "If you
go to the oncologist,
00:21:43.13\00:21:48.07
they would deny that."
00:21:48.10\00:21:50.71
But that was his opinion.
00:21:50.74\00:21:53.88
He says, "If I were you,
00:21:53.91\00:21:55.71
I would find myself a
good holistic practitioner."
00:21:55.74\00:22:00.02
And he says that my wife
knows more about it than I do,
00:22:00.05\00:22:04.52
but that what I would do.
00:22:04.55\00:22:07.06
So when Pat came
to visit me that day,
00:22:07.09\00:22:11.66
she was ecstatic to realize that
00:22:11.69\00:22:15.46
we're getting this
kind of information.
00:22:15.50\00:22:18.87
And that was the beginning
of Northern Botanicals,
00:22:18.90\00:22:23.74
which developed
over a few years,
00:22:23.77\00:22:27.68
and to this point,
00:22:27.71\00:22:31.65
we've continued for 15 or 16
years with it and if any one's,
00:22:31.68\00:22:37.49
if the viewers are interested,
00:22:37.52\00:22:39.52
they can check it out on
00:22:39.55\00:22:41.42
the world wide web at
northernbotanicals.com
00:22:41.46\00:22:45.36
Okay. Very good.
00:22:45.39\00:22:46.83
But it was this crisis, Pat,
00:22:46.86\00:22:48.96
that put you in a
position to realize,
00:22:49.00\00:22:51.37
I or we need to do
something concerning our future.
00:22:51.40\00:22:56.47
Exactly. Exactly.
00:22:56.50\00:22:58.37
We had, at that
time, 21 rental units
00:22:58.41\00:23:04.11
and four of Bob's family
00:23:04.15\00:23:09.52
has succumbed to cancer,
00:23:09.55\00:23:12.05
three has passed as
a result of the cancer.
00:23:12.09\00:23:16.16
And so, you know,
I was very concerned,
00:23:16.19\00:23:18.89
I wanted to trust the Lord,
00:23:18.93\00:23:20.26
everything was gonna be alright,
00:23:20.30\00:23:21.73
you know, but we don't know.
00:23:21.76\00:23:24.27
And so you know, it
was, it was a difficult time
00:23:24.30\00:23:29.47
Just recalling that
too, Mollie, you know, and...
00:23:29.50\00:23:35.21
So it was at that point
that we engaged the services
00:23:35.24\00:23:40.55
of an attorney and...
00:23:40.58\00:23:42.82
Well, I know, at
some point you contacted
00:23:42.85\00:23:45.65
3ABN's Trust
Services department.
00:23:45.69\00:23:47.76
Yes, we did. We did.
00:23:47.79\00:23:49.56
And, Earlenne,
what was the document
00:23:49.59\00:23:51.66
that you feel like,
00:23:51.69\00:23:53.03
felt like would best
suit their situation?
00:23:53.06\00:23:57.50
Well, they wanted to do a trust
with us where they would know
00:23:57.53\00:24:01.57
where they were
putting their property.
00:24:01.60\00:24:03.47
Right.
00:24:03.51\00:24:04.84
And you had all
of these rentals,
00:24:04.87\00:24:08.11
and they still
have cottages up there.
00:24:08.14\00:24:10.41
And by the way, you have
a beautiful place up there.
00:24:10.45\00:24:12.98
And what were
you gonna do with it?
00:24:13.01\00:24:15.48
You didn't know how
you were gonna divide it.
00:24:15.52\00:24:17.52
How, you're who you were
gonna be able to give what to.
00:24:17.55\00:24:19.95
And what you needed to work out
as far as legally in advance.
00:24:19.99\00:24:24.59
That's what, you
really were looking forward
00:24:24.63\00:24:26.43
when you called us.
00:24:26.46\00:24:27.80
Yes. So we made
a trip up to Maine.
00:24:27.83\00:24:30.73
It was threefold, and
so it was easy to work in
00:24:30.77\00:24:33.80
with the Mannings,
while we were there.
00:24:33.84\00:24:35.47
And it worked out very well.
00:24:35.50\00:24:37.31
And we shared, but we were
greeted with this meal first,
00:24:37.34\00:24:41.54
I keep talking about that meal.
00:24:41.58\00:24:42.94
She is fantastic.
00:24:42.98\00:24:44.95
But then we sat down
and worked on your papers.
00:24:44.98\00:24:47.12
Beautiful.
00:24:47.15\00:24:48.48
And they were
ready to give us answers.
00:24:48.52\00:24:51.19
We were able to
put in the answers.
00:24:51.22\00:24:53.66
Get everything put together.
00:24:53.69\00:24:55.26
And then you were ready for it
to be sent off to the attorney.
00:24:55.29\00:24:58.03
Yes. Now, go ahead.
00:24:58.06\00:25:00.23
Well, something I appreciate
about Roy and Earlenne,
00:25:00.26\00:25:03.97
is that they all
they'll come visit you,
00:25:04.00\00:25:05.90
they'll sit down with
you in your living room.
00:25:05.93\00:25:09.07
They'll go over, we
want to do what you want,
00:25:09.10\00:25:11.34
not what we want.
00:25:11.37\00:25:12.71
And something that
I know that you did,
00:25:12.74\00:25:16.18
you treated 3ABN as a child.
00:25:16.21\00:25:19.81
Am I not correct in that?
00:25:19.85\00:25:21.18
Absolutely. Yeah.
00:25:21.22\00:25:22.55
We, 3ABN is never is out to...
00:25:22.58\00:25:25.72
We think you have to
take care of your church,
00:25:25.75\00:25:28.39
and your children, and 3ABN.
00:25:28.42\00:25:30.83
And we appreciate that
00:25:30.86\00:25:32.19
because that you
would entrust to 3ABN
00:25:32.23\00:25:37.53
is what will be
used to take this gospel
00:25:37.57\00:25:39.73
to the four
corners of the earth.
00:25:39.77\00:25:41.10
Yeah. And we appreciate that.
00:25:41.14\00:25:42.54
And that was so
much in their mind
00:25:42.57\00:25:44.74
when we got there.
00:25:44.77\00:25:46.11
That, that knew exactly
00:25:46.14\00:25:47.48
what percentages they
wanted to divide it up.
00:25:47.51\00:25:50.01
They knew 3ABN
wanted to be 25 percent,
00:25:50.05\00:25:52.45
like she said,
a child's portion.
00:25:52.48\00:25:53.85
You've got three children? Yes.
00:25:53.88\00:25:55.68
Three children. Yes.
00:25:55.72\00:25:57.05
So they divided it up, that way.
00:25:57.09\00:25:59.65
And that worked out
really well for you.
00:25:59.69\00:26:01.36
It did.
00:26:01.39\00:26:02.72
And I think that sometimes,
00:26:02.76\00:26:05.23
we want those documents
to come back immediately,
00:26:05.26\00:26:07.80
but we had a few little
details we needed to work out.
00:26:07.83\00:26:11.30
But we walked right beside them
00:26:11.33\00:26:13.13
to get through
all these details.
00:26:13.17\00:26:15.17
You've been beautiful.
And get it all put together.
00:26:15.20\00:26:18.01
And it's worked out great.
00:26:18.04\00:26:19.37
And we have one more document,
00:26:19.41\00:26:20.74
we're gonna sign
right here, today.
00:26:20.78\00:26:22.11
And you'll be all done.
00:26:22.14\00:26:24.11
You know, and something,
00:26:24.15\00:26:25.71
the name of the document,
00:26:25.75\00:26:28.62
Earlenne told me was a
Self Administered Trust.
00:26:28.65\00:26:32.15
Don't you like that?
00:26:32.19\00:26:33.52
Self Administered,
meaning I'm in control of me.
00:26:33.56\00:26:36.36
These are my
finances, this is my estate,
00:26:36.39\00:26:39.56
this is my trust,
I will administer it.
00:26:39.59\00:26:42.30
And I think that gives everybody
00:26:42.33\00:26:43.93
a sense of
security, to know that.
00:26:43.97\00:26:46.63
Barry, I know
that you have worked
00:26:46.67\00:26:49.94
with many thousands
of people, probably,
00:26:49.97\00:26:53.94
and I know, today, we're
kind of gearing this program
00:26:53.98\00:26:57.28
towards women,
00:26:57.31\00:26:59.05
because I think,
women need to be made aware
00:26:59.08\00:27:03.49
that they need to get
themselves to a position
00:27:03.52\00:27:06.45
to take care of themselves.
00:27:06.49\00:27:07.92
And I know that,
00:27:07.96\00:27:10.63
if through the years,
00:27:10.66\00:27:12.79
all the ladies
that you've worked with,
00:27:12.83\00:27:15.26
what are just some counsel,
00:27:15.30\00:27:17.97
what are some
counsel that you would give
00:27:18.00\00:27:20.17
may be to a woman that
has just lost her husband?
00:27:20.20\00:27:24.51
Well, first of all,
00:27:24.54\00:27:26.61
before she lost her husband,
00:27:26.64\00:27:28.31
we really hope that she
really understands fully
00:27:28.34\00:27:31.48
how her trust works.
00:27:31.51\00:27:33.78
If they just have only
a will, that means that,
00:27:33.82\00:27:36.48
if there is gonna
be a distribution,
00:27:36.52\00:27:38.22
it has to go
through a probate court
00:27:38.25\00:27:40.89
to be settled,
make the transfers.
00:27:40.92\00:27:44.99
But if, as the Mannings had,
they have a pool living Trust,
00:27:45.03\00:27:48.63
of which you said,
there is self administrator,
00:27:48.66\00:27:50.23
which means they
are their own trustee,
00:27:50.27\00:27:52.50
and at the death
of the first of them,
00:27:52.53\00:27:55.14
there should not be
any probate process.
00:27:55.17\00:27:57.14
At the death of
the last of them,
00:27:57.17\00:27:58.64
there should not be
any probate process.
00:27:58.67\00:28:00.21
And the money would be
divided, in this case, you know,
00:28:00.24\00:28:02.71
25 percent to each
of the three children
00:28:02.74\00:28:06.28
and the 3ABN, without having
to through the court process.
00:28:06.31\00:28:09.72
And that-- when
you lose the spouse,
00:28:09.75\00:28:12.05
the last thing you want
to do is consult a lawyer,
00:28:12.09\00:28:14.32
and have to go
through the probate process.
00:28:14.36\00:28:15.89
Right.
00:28:15.92\00:28:17.26
And with the Revocable
Trust, you're free of that.
00:28:17.29\00:28:19.69
And hopefully, all along the,
00:28:19.73\00:28:22.56
both husband and wife
would participate fully
00:28:22.60\00:28:25.37
in their own investments,
00:28:25.40\00:28:26.74
they would know
what they've got,
00:28:26.77\00:28:28.10
they would know what--
00:28:28.14\00:28:29.47
How they're insured,
00:28:29.50\00:28:30.84
and they would understand
how these things work.
00:28:30.87\00:28:32.74
And if they don't
then they need to go find,
00:28:32.77\00:28:35.91
either a lawyer or
a financial expert,
00:28:35.94\00:28:38.31
may be both
00:28:38.35\00:28:39.75
where that they feel
very comfortable with,
00:28:39.78\00:28:41.82
who explains things in a
way that they can understand
00:28:41.85\00:28:44.99
and they fully
respects them as person.
00:28:45.02\00:28:47.42
So getting that legal counsel,
00:28:49.16\00:28:53.63
this is what I want to,
around on more than anything.
00:28:53.66\00:28:56.93
Looking at the statistics
00:28:56.97\00:29:01.10
that so many women
00:29:01.14\00:29:02.94
are just relying
on friends or family
00:29:02.97\00:29:06.27
for their counsel,
00:29:06.31\00:29:08.01
not good legal counsel
or trained professionals
00:29:08.04\00:29:13.21
like we have here, and
Roy, and Earlenne, and Nancy,
00:29:13.25\00:29:16.79
and 3ABN's Trust
Services department,
00:29:16.82\00:29:19.42
and you, Barry, that we
can always call and lean in to
00:29:19.45\00:29:23.43
and ask for your counsel.
00:29:23.46\00:29:25.63
You need to always make sure
00:29:25.66\00:29:27.10
you get professional
advice, professional counsel,
00:29:27.13\00:29:30.70
and not just what
someone might want to tell you.
00:29:30.73\00:29:34.17
And really, specifically,
00:29:34.20\00:29:35.54
you want someone that
does this kind of work.
00:29:35.57\00:29:37.64
And not all lawyers
are created equally.
00:29:37.67\00:29:39.47
Right.
00:29:39.51\00:29:40.84
And you want somebody
00:29:40.88\00:29:42.21
that does
exclusively lots of wills,
00:29:42.24\00:29:45.85
and trust, and estates,
00:29:45.88\00:29:47.52
and real estate transactions,
00:29:47.55\00:29:48.88
so that they understand
00:29:48.92\00:29:50.25
how the mechanics
of it really work.
00:29:50.29\00:29:52.15
And I can tell you, I've
practiced law a long time
00:29:52.19\00:29:54.46
before I've
received my Masters Degree
00:29:54.49\00:29:56.93
where I really
studied for a year,
00:29:56.96\00:29:59.09
this-- the tax ramifications
00:29:59.13\00:30:02.00
and how these
things actually work.
00:30:02.03\00:30:04.67
You know, I want to talk about
00:30:04.70\00:30:06.03
some of the
instruments, Earlenne.
00:30:06.07\00:30:07.64
Okay.
00:30:07.67\00:30:09.00
We are talking
about, what was the,
00:30:09.04\00:30:10.57
what was the
correct document for you
00:30:10.61\00:30:13.04
was the Self Administered Trust.
00:30:13.07\00:30:14.54
Yes.
00:30:14.58\00:30:15.91
But that's not always, may be
the best document for someone,
00:30:15.94\00:30:18.98
or it might not be the document
that they want to write.
00:30:19.01\00:30:21.68
I wanted us to look at
a charitable gift annuity.
00:30:21.72\00:30:25.19
Would you like to address that?
00:30:25.22\00:30:26.55
Oh, sure. I'll
be happy to do that.
00:30:26.59\00:30:28.82
The charitable gift annuity
00:30:28.86\00:30:30.43
is something
that you can get into
00:30:30.46\00:30:33.90
if you're more
than 60 to 65 years old.
00:30:33.93\00:30:37.03
We say about 65
because right now,
00:30:37.07\00:30:39.20
our interest in the cash trust
00:30:39.23\00:30:40.90
is paying almost equal to that.
00:30:40.94\00:30:42.80
And it's still revocable,
00:30:42.84\00:30:44.94
but 65 is a very good age.
00:30:44.97\00:30:47.51
It is an irrevocable document.
00:30:47.54\00:30:51.15
That means that once
you've made that contribution
00:30:51.18\00:30:54.12
and setup your account,
00:30:54.15\00:30:55.88
and you're getting
your interest back,
00:30:55.92\00:30:58.12
you aren't able
to take that back.
00:30:58.15\00:31:00.72
It's there for
life. It's irrevocable.
00:31:00.76\00:31:02.62
It's irrevocable. But
don't you get a bit of--
00:31:02.66\00:31:03.99
However, you get an
interest paid for it,
00:31:04.03\00:31:06.19
for the rest of your life.
00:31:06.23\00:31:07.56
That's what I
was asking for. Yeah.
00:31:07.60\00:31:08.93
And it's a big higher
00:31:08.96\00:31:10.30
than if it was
revocable, I believe.
00:31:10.33\00:31:11.67
Right.
00:31:11.70\00:31:13.03
And that's why that 65 year old
00:31:13.07\00:31:14.40
is the one whose
gonna start benefiting.
00:31:14.44\00:31:16.34
If you are 90, in your 90s,
00:31:16.37\00:31:18.27
you're gonna be
up in the 9 percent.
00:31:18.31\00:31:20.18
Where can you get
9 percent, Mollie?
00:31:20.21\00:31:22.34
I know, I recall a lady,
00:31:22.38\00:31:24.81
and she had $80,000 in the bank.
00:31:24.85\00:31:29.38
Just in the bank.
00:31:29.42\00:31:31.22
And it was not drawing,
00:31:31.25\00:31:32.69
I mean, whatever
the interest rate was,
00:31:32.72\00:31:35.29
may be a half percent,
00:31:35.32\00:31:36.69
and that not even
be on the high side
00:31:36.73\00:31:38.96
and she was 80 years old.
00:31:38.99\00:31:40.83
And I believe, at that time,
her interest are was 8 percent.
00:31:40.86\00:31:44.53
If she put it in
an annuity with 3ABN,
00:31:44.57\00:31:48.97
Do you know what 8
percent of $80,000 is?
00:31:49.00\00:31:52.84
I'm not a genius
but I know that's $6400.
00:31:52.87\00:31:56.44
And she was withdrawing
may be a half of percent.
00:31:56.48\00:31:59.55
Do you know what
half of percent is?
00:31:59.58\00:32:01.22
I know, that is $ 400.
00:32:01.25\00:32:02.92
Do you how much--
00:32:02.95\00:32:04.35
And $1600 as opposed to,
00:32:04.39\00:32:07.36
I mean $16,000
as opposed to $400.
00:32:07.39\00:32:12.16
That is amazing.
00:32:12.19\00:32:13.63
It's a big
difference. Big difference.
00:32:13.66\00:32:15.40
In fact, we visited
somebody here, recently.
00:32:15.43\00:32:18.40
And she had three
different accounts.
00:32:18.43\00:32:21.44
And she said, "I
really don't have much.
00:32:21.47\00:32:23.47
I don't have
enough to really do it,
00:32:23.51\00:32:25.94
a charitable gift annuity."
00:32:25.97\00:32:27.91
So we started
looking at what she had.
00:32:27.94\00:32:30.28
And the percentages
00:32:30.31\00:32:31.65
that she was getting
on all three of them,
00:32:31.68\00:32:33.11
when we put it all together,
00:32:33.15\00:32:34.58
she had almost a
hundred thousand dollars.
00:32:34.62\00:32:37.29
And with that, at
her age, in her 90s,
00:32:37.32\00:32:41.29
you realize what we did to
change her income that day.
00:32:41.32\00:32:44.19
Plus she was thrilled to
know that when she passed away,
00:32:44.23\00:32:47.56
3ABN was going to
benefit those funds.
00:32:47.60\00:32:50.90
And we're to,
again, I'll use this,
00:32:50.93\00:32:53.64
we're to be good
stewards of the finances
00:32:53.67\00:32:57.24
God entrusts to us...
00:32:57.27\00:32:58.61
There is one of the benefits
00:32:58.64\00:32:59.97
that comes from
the gift annuity,
00:33:00.01\00:33:02.14
the majority of the payment
that goes to the individual
00:33:02.18\00:33:05.38
is tax free.
00:33:05.41\00:33:06.75
Right. Good point.
00:33:06.78\00:33:08.12
Generally more than
two thirds is tax free
00:33:08.15\00:33:10.72
and in your--
00:33:10.75\00:33:12.15
do you have a CD
or savings account
00:33:12.19\00:33:14.62
that's ordinary
income rates which are,
00:33:14.66\00:33:16.42
they are at the
highest rate for that person.
00:33:16.46\00:33:18.36
And the year that
they make that donation
00:33:18.39\00:33:21.40
that is a tax
deduction to them for that year.
00:33:21.43\00:33:25.10
So whatever that
cash is that they put in
00:33:25.13\00:33:27.87
they are gonna get a tax
break on that the first year.
00:33:27.90\00:33:31.07
And some of our--
00:33:31.11\00:33:32.77
ones that are little bit younger
00:33:32.81\00:33:34.31
and we've got older ones
00:33:34.34\00:33:35.68
that aren't paying taxes anymore
00:33:35.71\00:33:37.05
because they are not
making that large of an income.
00:33:37.08\00:33:38.85
But for the younger ones
00:33:38.88\00:33:40.22
they think that is wonderful way
00:33:40.25\00:33:41.85
to get a tax break and
get a little bit ahead.
00:33:41.88\00:33:43.79
So that's another good point.
00:33:43.82\00:33:45.72
Okay, so this a
charitable gift annuity,
00:33:45.75\00:33:49.39
now I want to
give you a scripture
00:33:49.42\00:33:52.03
it's Deuteronomy 8:18
00:33:52.06\00:33:54.40
because I keep telling you,
00:33:54.43\00:33:55.76
we need to be good
stewards of the finances
00:33:55.80\00:33:58.13
that God entrusts with,
00:33:58.17\00:33:59.50
the blessings that
God entrust us with,
00:33:59.53\00:34:02.17
we need to be good
stewards of those blessings.
00:34:02.20\00:34:04.64
Deuteronomy 8:18,
00:34:04.67\00:34:06.51
"But thou shalt
remember the Lord thy God:
00:34:06.54\00:34:09.44
for it is he that giveth
thee power to get wealth,
00:34:09.48\00:34:13.28
that he may
establish his covenant."
00:34:13.31\00:34:15.55
Why does He give us
power to get wealth?
00:34:15.58\00:34:17.79
That He may
establish his covenant,
00:34:17.82\00:34:20.46
"Which he sware
unto thy fathers,
00:34:20.49\00:34:22.49
as it is this day."
00:34:22.52\00:34:24.93
So that is the
reason that God gives us
00:34:24.96\00:34:27.66
the ability to obtain wealth,
00:34:27.70\00:34:29.76
it's to establish
the kingdom of God.
00:34:29.80\00:34:31.70
Oh, come, Lord Jesus,
that's why we are here,
00:34:31.73\00:34:34.40
that's what we're here to do.
00:34:34.44\00:34:35.77
And now there
are other documents
00:34:35.80\00:34:37.27
move to just stop at
the charitable gift annuity.
00:34:37.31\00:34:40.78
But, Barry, let me
ask you about this one.
00:34:40.81\00:34:43.85
Tell me about a
revocable cash trust?
00:34:43.88\00:34:47.78
Well, the revocable cash
trust is a, we call it an RLT.
00:34:47.82\00:34:52.12
Okay.
00:34:52.15\00:34:53.49
We know what a BLT
is but this is RLT.
00:34:53.52\00:34:55.69
Be sure we get that right, RLT.
00:34:55.72\00:34:57.76
Yeah, it's the--
00:34:57.79\00:34:59.36
And Earlenne can
really expand on that,
00:34:59.39\00:35:01.26
I don't know what
your rates are now,
00:35:01.30\00:35:02.90
but it's the--
00:35:02.93\00:35:04.80
actually, it's
your trust is in--
00:35:04.83\00:35:07.37
I mean your cash is in a trust,
00:35:07.40\00:35:09.27
of which there can be a
direct benefit to the person
00:35:09.30\00:35:12.01
and Earlenne can expand on that.
00:35:12.04\00:35:13.38
Right, and that is
a fluctuating rate.
00:35:13.41\00:35:15.04
So unlike the
charitable gift annuity,
00:35:15.08\00:35:17.38
which has a fixed amount
00:35:17.41\00:35:18.81
and you know exactly what's
gonna come in every month,
00:35:18.85\00:35:21.58
with the revocable cash
trust agreements that we write,
00:35:21.62\00:35:26.25
that money
hasn't been donated yet,
00:35:26.29\00:35:28.46
you still
personally own that money.
00:35:28.49\00:35:31.03
It's here, it's invested,
00:35:31.06\00:35:33.40
you're going to
get an interest check,
00:35:33.43\00:35:35.10
just like you do
with the other one,
00:35:35.13\00:35:36.56
but it's a fluctuating.
00:35:36.60\00:35:38.13
And right now
we're still averaging
00:35:38.17\00:35:40.04
between 4.2, 4.4 to 5.0.
00:35:40.07\00:35:44.24
And last year,
we went over that.
00:35:44.27\00:35:46.61
because in December we had
9 percent plus in December.
00:35:46.64\00:35:52.01
So you might
have it fluctuating,
00:35:52.05\00:35:53.78
where you have 1.2
percent in January, 3.2,
00:35:53.82\00:35:58.79
then you might get a 4.1,
00:35:58.82\00:36:01.36
and the next one
might be a 1.2 or 3.
00:36:01.39\00:36:04.09
But what it is,
00:36:04.13\00:36:05.46
you take and add up
all twelve of those,
00:36:05.49\00:36:08.66
divide it by 12,
00:36:08.70\00:36:10.03
and that's what your
annual percentage rate is.
00:36:10.07\00:36:12.63
So annual percentage rate
00:36:12.67\00:36:14.07
here at 3ABN
right now is 4.2 to 5.0,
00:36:14.10\00:36:19.44
but last year, we went over it.
00:36:19.47\00:36:21.88
And you can add to
that money at any time too.
00:36:21.91\00:36:24.78
Mollie, that's such a blessing.
00:36:24.81\00:36:26.58
Because people
have inherited money
00:36:26.61\00:36:29.08
and actually gone
ahead and put that money
00:36:29.12\00:36:31.49
into a cash trust here,
00:36:31.52\00:36:35.49
or they got it and
added it to a cash trust here.
00:36:35.52\00:36:39.06
So their principal went up,
00:36:39.09\00:36:40.43
when your principle goes up,
00:36:40.46\00:36:42.03
then of course your
interest check grows,
00:36:42.06\00:36:43.87
just because
the principal is up.
00:36:43.90\00:36:46.07
And then if your
interest rate, shoots up
00:36:46.10\00:36:47.70
like it did last year
at the end of the year,
00:36:47.74\00:36:49.84
we had phone call,
00:36:49.87\00:36:51.21
Mollie, people were saying,
00:36:51.24\00:36:52.57
"I think you made a
mistake in the counting,
00:36:52.61\00:36:55.91
because we've
gotten much more money,
00:36:55.94\00:36:58.38
twice as much as
we've gotten all year
00:36:58.41\00:37:00.42
on any of the high months."
00:37:00.45\00:37:01.92
So it can
happen. God's blessing.
00:37:01.95\00:37:04.52
Yeah, and now that's
the revocable cash trust.
00:37:04.55\00:37:07.16
And one of the
beauties of the cash trust is,
00:37:07.19\00:37:09.69
you can put it in and
take it out as you need it.
00:37:09.72\00:37:12.19
Of course, once you take it out
00:37:12.23\00:37:13.63
the interest rate
does stop on that.
00:37:13.66\00:37:17.07
But, whereas if
you put in an annuity,
00:37:17.10\00:37:21.30
the charitable gift annuity,
00:37:21.34\00:37:23.00
the interest rate is
a bit higher and so--
00:37:23.04\00:37:26.84
But you can't
take the money out.
00:37:26.88\00:37:28.21
But you can't take
the money out, but you--
00:37:28.24\00:37:29.58
And we've already had
an incident this year,
00:37:29.61\00:37:31.61
with the storms
going across our country.
00:37:31.65\00:37:34.12
Somebody's roof.
00:37:34.15\00:37:35.78
And I've
mentioned this many times,
00:37:35.82\00:37:37.69
but it does happen.
00:37:37.72\00:37:39.05
And these storms that
happen, the roof came off.
00:37:39.09\00:37:41.86
Insurance paid a
certain percentage,
00:37:41.89\00:37:43.73
they called us and
they borrowed off of it,
00:37:43.76\00:37:45.99
and they've already
put the money back in.
00:37:46.03\00:37:47.63
Okay, so they got it put--
00:37:47.66\00:37:49.33
The house is put back together
00:37:49.36\00:37:50.70
and their account
is put back together.
00:37:50.73\00:37:52.83
So...
00:37:52.87\00:37:54.20
You know, and I
want to talk about
00:37:54.24\00:37:56.81
charitable remainder unit trust.
00:37:56.84\00:37:58.41
Barry, I want you
to talk about that,
00:37:58.44\00:38:00.28
but something that I
saw with the Mannings,
00:38:00.31\00:38:03.98
it's a self-administered trust,
00:38:04.01\00:38:06.38
but I believe
they also did a will.
00:38:06.41\00:38:08.25
It's not that
wills are bad things,
00:38:08.28\00:38:10.02
but didn't you
do a will as well.
00:38:10.05\00:38:11.39
Yes, we did.
00:38:11.42\00:38:13.25
It is written in
conjunction with it.
00:38:13.29\00:38:15.29
Yes. So kind of explain that.
00:38:15.32\00:38:17.96
The will, how that
would work? The will?
00:38:19.59\00:38:22.50
Barry, tell how
that-- it works with it?
00:38:22.53\00:38:25.93
In case, you haven't--
00:38:25.97\00:38:27.34
If the Mannings left
out some investments,
00:38:27.37\00:38:30.94
they just forgot
about them and they died,
00:38:30.97\00:38:34.54
then they would have go
through the probate process,
00:38:34.58\00:38:36.95
and that will backs up the fact
00:38:36.98\00:38:40.12
that if they fail to
put something in the trust.
00:38:40.15\00:38:42.88
We hope we don't have to use it,
00:38:42.92\00:38:44.32
'cause we want to go seamlessly
00:38:44.35\00:38:46.02
to wherever they want to go,
00:38:46.05\00:38:47.39
but if they have
forgotten something,
00:38:47.42\00:38:49.29
the will is a back up.
00:38:49.32\00:38:51.13
And another thing
that people have asked is,
00:38:51.16\00:38:53.29
if one of my children
was to precede me in death,
00:38:53.33\00:38:57.20
then what?
00:38:57.23\00:38:58.80
You can do an
amendment to your documents
00:38:58.83\00:39:01.74
with these trusts,
00:39:01.77\00:39:03.64
and you can name
another beneficiary if need be.
00:39:03.67\00:39:07.11
And more often
than not we ask for
00:39:07.14\00:39:09.54
the person that's
gonna be the beneficiary,
00:39:09.58\00:39:11.81
and an alternate or back up,
00:39:11.85\00:39:14.12
should that
type of thing happen.
00:39:14.15\00:39:15.95
We try to cover everything
00:39:15.98\00:39:17.49
so that you're at peace with it.
00:39:17.52\00:39:19.52
And I know, the
Mannings have said,
00:39:19.55\00:39:21.59
we're very much at peace
00:39:21.62\00:39:22.96
since we've
decided to do a document
00:39:22.99\00:39:25.56
and know everything's together.
00:39:25.59\00:39:27.10
You followed us all the way.
00:39:27.13\00:39:29.13
Something that,
Pat, you told me earlier.
00:39:29.16\00:39:32.90
You said that it is as though
00:39:32.93\00:39:36.84
when people start thinking about
00:39:36.87\00:39:38.84
doing these
documents, is they're thinking,
00:39:38.87\00:39:41.51
"Oh, if we do these documents
00:39:41.54\00:39:43.24
that means we're going to pass,
00:39:43.28\00:39:46.65
we're going to die."
00:39:46.68\00:39:48.45
And the truth is, we are,
00:39:48.48\00:39:50.59
whether we do
the documents or not,
00:39:50.62\00:39:52.65
but a greater truth is that
peace you were talking about
00:39:52.69\00:39:57.03
is that I've heard
so many people, Barry,
00:39:57.06\00:40:00.46
tell me that once they
got their state taken care of,
00:40:00.50\00:40:04.77
they got all the
documents in place,
00:40:04.80\00:40:07.07
they knew their
children were taken care of,
00:40:07.10\00:40:09.70
their church was taken care of,
00:40:09.74\00:40:11.77
3ABN was taken care of, every--
00:40:11.81\00:40:14.51
that it gave them so much peace.
00:40:14.54\00:40:16.64
The pressure was off of them.
00:40:16.68\00:40:18.48
And the truth is,
00:40:18.51\00:40:19.85
what happens when
you have the peace
00:40:19.88\00:40:22.18
You'll live longer.
00:40:22.22\00:40:23.65
So get these
documents in place and--
00:40:23.69\00:40:27.82
And for those charitable gift
annuities, let me toss this in.
00:40:27.86\00:40:30.99
On a charitable
gift annuity, you know,
00:40:31.03\00:40:33.96
we went to school to
learn about these things
00:40:34.00\00:40:36.30
and how they work.
00:40:36.33\00:40:37.67
And there is a place
called Loma Linda, California,
00:40:37.70\00:40:40.30
a blue zone,
00:40:40.34\00:40:41.90
and you know those
people seven years longer,
00:40:41.94\00:40:44.17
on the average, than
the rest of the world.
00:40:44.21\00:40:46.84
So if you're doing
a document with us,
00:40:46.88\00:40:49.44
there's a chance you'll
get seven more years out of it,
00:40:49.48\00:40:52.41
if you're living
the healthy diet.
00:40:52.45\00:40:54.48
That's what statistics
show, and I like statistics too.
00:40:54.52\00:40:57.69
I like statistics. Yes.
00:40:57.72\00:40:59.69
Barry, again, I
wanted you to talk about
00:41:01.02\00:41:03.43
the charitable
remainder unit trust,
00:41:03.46\00:41:06.29
but I know you have other things
00:41:06.33\00:41:08.06
that you wanted to share,
00:41:08.10\00:41:09.90
particularly,
talking with ladies.
00:41:09.93\00:41:12.10
So if there's some things
00:41:12.13\00:41:13.47
you would like
to share with them,
00:41:13.50\00:41:14.84
now would be a good time.
00:41:14.87\00:41:16.20
Okay.
00:41:16.24\00:41:17.57
And then talk
about the unit trust.
00:41:17.61\00:41:18.94
Okay.
00:41:18.97\00:41:20.31
This may
surprise you, but I hope
00:41:20.34\00:41:21.68
all you ladies are
lifting weights every day.
00:41:21.71\00:41:24.15
I'm really for that,
I work out every day.
00:41:24.18\00:41:25.95
I'm 78-years-old, almost 79,
00:41:25.98\00:41:28.52
and I work out, literally,
00:41:28.55\00:41:29.88
every day in my
life, so does my wife.
00:41:29.92\00:41:32.49
As I already said, you
need to stay in good condition,
00:41:32.52\00:41:35.56
old age in nicer like that.
00:41:35.59\00:41:37.29
But secondly,
00:41:37.33\00:41:38.66
you need to take care of
that yourself in other ways too,
00:41:38.69\00:41:41.00
and that is that we need
to have full partnerships
00:41:41.03\00:41:45.33
between our
wives and our husbands.
00:41:45.37\00:41:48.60
And part of
that full partnership
00:41:48.64\00:41:52.64
is for the each
party to understand
00:41:52.67\00:41:56.08
and respect the other person
00:41:56.11\00:41:58.41
so that everybody knows
how to manage a check book,
00:41:58.45\00:42:03.25
everybody knows
where their assets are,
00:42:03.28\00:42:06.09
what they're earning,
00:42:06.12\00:42:07.56
and what's the
long-term plan is.
00:42:07.59\00:42:10.53
So I urge you to, first of all,
00:42:10.56\00:42:12.43
be comfortable with
your financial advisor,
00:42:12.46\00:42:15.56
your lawyer, your CPA,
00:42:15.60\00:42:17.17
whoever your professionals
are that you work with.
00:42:17.20\00:42:19.27
But you need to know
them on a first name basis,
00:42:19.30\00:42:21.50
and you should feel
comfortable with them.
00:42:21.54\00:42:23.44
Not just that the husband
feels comfortable with them,
00:42:23.47\00:42:25.41
but the wife should feel a
full partner in discussing,
00:42:25.44\00:42:28.58
and she should feel
free to ask any questions
00:42:28.61\00:42:32.38
that is a concern to her.
00:42:32.41\00:42:35.08
Because when you die
or you lose your husband,
00:42:35.12\00:42:38.89
and more often
that not, you guys,
00:42:38.92\00:42:41.49
as your statistics
show, you out live us,
00:42:41.52\00:42:44.19
then the wife's gonna
be in charge of the money.
00:42:44.23\00:42:47.26
And with
revocable trust, actually,
00:42:47.30\00:42:49.30
she can do what
she wants to with it,
00:42:49.33\00:42:51.57
and it's her decision.
00:42:51.60\00:42:53.44
So I urge you to
know what you've got,
00:42:53.47\00:42:55.90
and what the
consequences are going to be
00:42:55.94\00:42:57.81
when in fact you
do lose your husband.
00:42:57.84\00:43:00.94
Now the charitable
and the unit trust,
00:43:00.98\00:43:03.88
Actually Sandy and
I have a unit trust.
00:43:03.91\00:43:05.55
And it's
particularly designed for people
00:43:05.58\00:43:08.38
who have greatly
appreciated value.
00:43:08.42\00:43:11.92
They've had a farm that's
been in the family for 40 years,
00:43:11.95\00:43:14.62
they get that farm
00:43:14.66\00:43:15.99
and then if they're
gonna sell it at some point,
00:43:16.02\00:43:19.26
there is gonna be
a large capital gain.
00:43:19.29\00:43:21.46
Well, the unit trust is designed
00:43:21.50\00:43:24.00
so that, there are four things
00:43:24.03\00:43:25.37
that happen with the unit trust.
00:43:25.40\00:43:26.74
Number one, you
get life time income,
00:43:26.77\00:43:30.71
or 20 years your choice.
00:43:30.74\00:43:32.77
Number two, you don't
have to pay the capital gain.
00:43:32.81\00:43:36.14
It's the third.
00:43:36.18\00:43:37.51
Number three,
00:43:37.55\00:43:39.21
you get a large tax
deduction on the front end,
00:43:39.25\00:43:41.68
which you can use up to
six years or it's used up.
00:43:41.72\00:43:44.75
And number four,
you've really shown to 3ABN,
00:43:44.79\00:43:48.36
your respect for 3ABN,
00:43:48.39\00:43:52.26
and so at the
death of the last of you,
00:43:52.29\00:43:54.66
that money would
go straight to 3ABN.
00:43:54.70\00:43:58.23
It's a wonderful document.
00:43:58.27\00:44:01.80
It's also designed so that,
if the money that are invested,
00:44:01.84\00:44:05.34
your money, since
there is no capital gain,
00:44:05.37\00:44:08.61
putting the
property into the unit trust
00:44:08.64\00:44:10.95
and there is no,
even the unit trust is.
00:44:10.98\00:44:13.18
so that there is
still no capital gain,
00:44:13.21\00:44:14.55
there is no taxes,
it is tax free save,
00:44:14.58\00:44:16.45
so all of your
money is invested.
00:44:16.48\00:44:18.52
And that payment to you,
00:44:18.55\00:44:20.32
its payable monthly or
quarterly or some annually,
00:44:20.36\00:44:22.82
however it is paid, can grow,
00:44:22.86\00:44:24.69
if the underlying asset grows.
00:44:24.73\00:44:26.80
Okay.
00:44:26.83\00:44:28.16
So we have, very quickly,
00:44:28.20\00:44:32.20
going over some documents,
00:44:32.23\00:44:35.40
and the charitable gift annuity,
00:44:35.44\00:44:38.27
the revocable cash trust,
00:44:38.31\00:44:40.84
the seven
ministry trust with a vail,
00:44:40.88\00:44:43.48
and the charitable
remainder unit trust.
00:44:43.51\00:44:46.41
And I know,
there's a lot of questions
00:44:46.45\00:44:50.39
that you may have.
00:44:50.42\00:44:51.75
So what I want to do
00:44:51.79\00:44:53.56
is give you information
00:44:53.59\00:44:54.92
on how to get in contact
with Roy and Earlenne Hunt.
00:44:54.96\00:44:59.09
You can call them,
you can write, email them,
00:44:59.13\00:45:03.80
however is best for
you to contact them.
00:45:03.83\00:45:05.90
because I know
you have questions.
00:45:05.93\00:45:08.17
And remember me telling you
00:45:08.20\00:45:10.14
what we have here are
educated professionals
00:45:10.17\00:45:13.81
that are here to help
you make the decisions
00:45:13.84\00:45:18.81
that you need to
make for your future.
00:45:18.85\00:45:20.98
And, you know, I just
wanted to say to you, ladies,
00:45:21.02\00:45:25.65
there's nothing wrong
in asking your husband
00:45:25.69\00:45:28.46
please show me, like
Barry was talking about,
00:45:28.49\00:45:31.66
please show me
00:45:31.69\00:45:33.50
what are our finances are about,
00:45:33.53\00:45:35.33
help me, so
that should you pass,
00:45:35.36\00:45:38.17
I won't just be
here floundering,
00:45:38.20\00:45:40.24
but I'll know
what needs to be done.
00:45:40.27\00:45:42.97
And ladies, there's
also nothing wrong in asking.
00:45:43.00\00:45:45.81
"Do you have a
life insurance policy?
00:45:45.84\00:45:48.88
So that after your passing,
00:45:48.91\00:45:50.35
I can take care of
these kids of mine or I can,
00:45:50.38\00:45:53.31
I will be taken care of."
00:45:53.35\00:45:55.05
Ladies, we need to
be a bit proactive.
00:45:55.08\00:45:57.45
And gentlemen,
00:45:57.49\00:45:58.82
you need to take care
of that wife of yours.
00:45:58.85\00:46:00.69
Think about her for the future.
00:46:00.72\00:46:03.02
But, right now
00:46:03.06\00:46:06.29
we have Kateena LeForge with us.
00:46:06.33\00:46:08.56
She's going to bring
00:46:08.60\00:46:09.93
another beautiful song to us.
00:46:09.96\00:46:11.93
And before she brings
that beautiful song though,
00:46:11.97\00:46:15.97
we have an address roll
00:46:16.00\00:46:17.34
that we would
like to roll that now.
00:46:17.37\00:46:19.11
If you would like to
know more about Trust Services
00:46:21.38\00:46:23.91
or if you have any
questions, then you can write
00:46:23.95\00:46:26.25
to 3ABN Planned
Giving and Trust Services,
00:46:26.28\00:46:29.52
PO Box 220, West
Frankfort, Illinois 62896.
00:46:29.55\00:46:34.42
That's 3ABN Planned
Giving and Trust Services,
00:46:34.46\00:46:37.93
PO Box 220, West
Frankfort, Illinois 62896.
00:46:37.96\00:46:43.00
You can call 800-886-4800.
00:46:43.03\00:46:46.33
That's 800-886-4800.
00:46:46.37\00:46:49.87
Or email them at
trustservices@3abn.org
00:46:49.90\00:46:55.38
That's trustservices@3abn.org
00:46:55.41\00:47:00.42
Call or write to them today.
00:47:00.45\00:47:02.48
So that's how you
can get in contact
00:47:07.82\00:47:09.69
with Roy and Earlenne.
00:47:09.72\00:47:11.06
Earlenne, you will be
delighted to talk with people.
00:47:11.09\00:47:13.29
We love our phones to ring.
00:47:13.33\00:47:14.70
And we love to be
able to help you personally
00:47:14.73\00:47:18.07
support 3ABN
00:47:18.10\00:47:19.97
and take care of your
family at the same time.
00:47:20.00\00:47:22.40
Please give us a call. Yes.
00:47:22.44\00:47:24.24
And you know we have
Kateena LeForge with us
00:47:24.27\00:47:26.47
as I mentioned earlier.
00:47:26.51\00:47:27.84
And Kateena is just,
00:47:27.88\00:47:29.84
she sings so beautifully
00:47:29.88\00:47:31.35
and she's going to
sing a medley for us now
00:47:31.38\00:47:33.88
"Fairest Lord Jesus."
00:47:33.92\00:47:36.28
Fairest Lord Jesus
00:47:38.25\00:47:44.96
Ruler of all nature
00:47:44.99\00:47:51.37
O Thou art God
00:47:51.40\00:47:56.24
And man, the son
00:47:56.27\00:48:03.24
Thee, will I cherish
00:48:04.38\00:48:10.59
Thee, will I honor
00:48:10.62\00:48:16.26
Thou my soul's only
00:48:16.29\00:48:20.86
Joy and Christ...
00:48:20.90\00:48:27.84
Beautiful Savior
00:48:31.91\00:48:38.35
Lord of the nations
00:48:38.38\00:48:44.79
Son of God
00:48:44.82\00:48:49.89
And Son of Man
00:48:49.92\00:48:56.87
Glory and honor
00:48:57.87\00:49:04.67
Praise adoration
00:49:04.71\00:49:10.85
Now and forever more
00:49:10.88\00:49:16.72
Be thine
00:49:16.75\00:49:22.59
I'd rather have Jesus
00:49:33.17\00:49:39.94
Than silver or gold
00:49:39.97\00:49:45.95
I'd rather be His
00:49:45.98\00:49:49.85
Than have riches untold
00:49:49.88\00:49:56.49
I'd rather have Jesus
00:49:56.52\00:50:02.20
Than houses or lands
00:50:02.23\00:50:08.74
I'd rather be led
00:50:08.77\00:50:13.64
By His nail-pierced hand
00:50:13.68\00:50:20.65
I'd rather have Jesus
00:50:23.02\00:50:28.32
Than men's applause
00:50:28.36\00:50:33.43
I'd rather be faithful
00:50:33.46\00:50:38.27
To His dear cause
00:50:38.30\00:50:43.10
I'd rather have Jesus
00:50:43.14\00:50:48.21
Than worldwide fame
00:50:48.24\00:50:53.52
I'd rather be true
00:50:53.55\00:50:57.59
To His holy name
00:50:57.62\00:51:04.56
Than to be the king
00:51:04.59\00:51:09.43
Of a vast domain
00:51:09.46\00:51:14.34
Or be held
00:51:14.37\00:51:17.17
In sin's dread sway...
00:51:17.21\00:51:24.18
I'd rather have Jesus
00:51:28.18\00:51:35.19
Than anything
00:51:35.22\00:51:41.56
This world
00:51:41.60\00:51:45.63
Affords today...
00:51:45.67\00:51:52.61