Participants:
Series Code: TDY
Program Code: TDY018058A
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00:01 I want to spend my life
00:07 mending broken people, 00:12 I want to spend my life 00:18 removing pain. 00:23 Lord, let my words 00:29 heal a heart that hurts. 00:34 I want to spend my life 00:40 mending broken people. 00:45 I want to spend my life 00:51 mending broken people. 01:11 Hello and welcome to 3ABN Today. 01:14 It is always a joy to have you join us. 01:16 And I want to welcome you, Earlenne. 01:18 This is Earlenne Hunt 01:20 from our Planned Giving and Trust Services department. 01:23 Just a joy to have you here with me today, Earlenne. 01:25 Thank you. 01:27 And as you probably have already figured out, 01:29 if Earlenne and I are here together, 01:31 we're going to do a program, and it's going to be for women. 01:34 But gentlemen, let me tell you this. 01:37 Everything we share with the women is equally true for you. 01:41 And it's going to be on, of course, need for 01:45 planning your giving and seeing that you are properly prepared. 01:50 And in this case, we're looking at older age. 01:53 Making sure that we have made proper preparation. 01:59 I think we've heard this, and it's probably a trite saying, 02:03 but none of us plan to fail. 02:05 What we do is we fail to plan. 02:08 So what we want to do is help you plan today 02:12 for your future and just make some wise financial decisions. 02:18 And we've got guests with us today. 02:20 We've got Greg and Jill Morikone. 02:22 Our very own Production Manager, as well as 02:27 our General Manager. 02:28 And a precious couple here at 3ABN. 02:32 Y'all are such a joy and a blessing to have. 02:35 And I know you're God's gift to 3ABN. 02:39 Thank you for coming and being with us today. 02:41 It's a privilege to be here, 02:43 you know, just to share about the Lord's work at 3ABN. 02:48 And you talked about we're preparing for older age, 02:50 and you might say, "Well you're kind of young to start that." 02:53 But it's important from a young age to start 02:56 thinking about that preparation, absolutely. 02:58 And Jill and Greg have recently been making some preparation. 03:02 We're going to talk about that. 03:04 As a matter of fact, we're going to look at things 03:07 maybe from three perspectives. 03:09 One is, what happens if you don't plan? 03:13 What are some of the fears in women's hearts? 03:15 What are some statistics? 03:17 I'm big on sharing current facts or statistics. 03:21 And also, what if you are blessed exceedingly? 03:26 You know, you still need to be just as prepared, 03:28 just as educated. 03:30 And a lot of our problems is, we are just simply not educated. 03:35 And we have got some trained professionals 03:37 here at 3ABN that are willing and able and quite capable 03:44 of helping us make proper decisions. 03:46 But I think the most important aspect that we need to look at 03:50 is a biblical aspect. 03:52 What does God require of us? 03:56 And that's going to be from the perspective of being good, 04:00 what Jill, good stewards of God's blessings. 04:04 But before we launch into this and look at these different 04:10 aspects of financial planning, 04:12 we've got T. Marshall Kelly here with us. 04:15 And he, oh, he's one of my most favorite singers. 04:18 And he's going to sing, Little Is Much. 04:38 In the harvest field now ripened 04:43 there's a work for all to do. 04:50 Hark! the voice of Jesus calling, 04:56 to His harvest calling you. 05:03 Little is much when God is in it. 05:10 Labor not for wealth or fame. 05:17 There's a crown, and you can win it, 05:24 if you go in Jesus' name. 05:32 Does the place you're called to labor 05:39 seem so small and little known? 05:45 But it is great if God is in it, 05:52 and He'll not forsake His own. 05:59 Soon the conflict here is ended 06:06 and our race on earth is run, 06:13 He will say, if we've been faithful, 06:20 "Welcome home, My child, well done!" 06:27 Your little is much when God is in it. 06:35 Labor not for wealth or fame. 06:43 There is a crown, and you can win it, 06:50 if you go, if you will go, 06:59 if you will go in Jesus' name. 07:25 You know, he just calms me down. 07:27 And what, as Jill you said, what an appropriate song 07:32 for this program. 07:33 Little is much when God is in it. 07:35 And so our confidence, our total trust, 07:38 is in the Lord Jesus Christ. 07:40 And God, in His... 07:41 You know, I like to say that God has given us His Word. 07:46 Now He's given us the Bible. 07:48 But in the Bible He has given us His word. 07:51 And one of the words that He has given us is, 07:54 "I'll never leave you, nor forsake you." 07:56 That's God's word to you. 07:58 You can take that, as we say, to the bank. 08:02 Little is much when God is in it. 08:04 He'll take care of you. 08:05 Well I want to look at some facts. 08:09 Some things that are, I think, sobering, 08:12 some things that we need to all hear. 08:14 Now I'm looking at it from a woman's perspective, 08:17 but again gentlemen, let me assure you 08:20 that the same thing that can happen to a woman 08:23 can happen to a man if you don't properly plan 08:27 for your future. 08:29 So the reason 3ABN does these programs is because 08:35 we want to see to it that people are properly educated. 08:39 And a lot of people, the reason they don't make proper planning 08:44 is they just don't know what to do. 08:46 Well we can train you, we can help you. 08:48 Now let me share this with you. 08:51 In a recent pole where women were asked 08:54 what were some of their fears, 50% of the women said 08:59 they fear they will become destitute in old age. 09:03 Fear, 50% afraid. 09:06 That's a huge percentage, 50%. 09:08 Now listen at this, here is a fact. 09:11 45.6% of the poverty stricken here in these United States 09:19 are elderly women that's 60 years or older. 09:22 - That's almost 50%. ~ Yeah it is. Oh wow. 09:25 Women are twice as likely as men to live below the poverty line 09:30 in their older years. 09:32 ~ So I'm sorry, Mollie, to interrupt you. 09:34 That means then that the women's fear that they're going to be 09:36 destitute actually comes to pass. 09:38 ~ That's right. - Right? 09:40 Because the second statistic backed up the first statistic. 09:43 They're afraid they'll be alone and old and destitute, 09:46 and that actually comes to pass. 09:48 And that's why, ladies, preparation needs to be made. 09:52 Because if you properly prepare for your later years, 09:57 then you cut your chances of being destitute. 10:02 And this poverty level is especially true 10:06 for single and minority women. 10:09 Here is another fact. 10:11 In a study conducted on the financial circumstances 10:15 of widowed women, half of the widows reported 10:19 they were just getting by financially a year or two 10:23 after their husband's death. 10:24 So as long as their husbands were working and bringing 10:28 income in, their household was doing well. 10:31 But at their husband's demise, then that left them 10:35 so that just a year or two later they were just getting by. 10:39 Which reminds me of something I read recently of a lady 10:43 whose husband passed away. 10:45 And she was in his office cleaning up the office. 10:48 And she found on his desk an insurance policy 10:53 for her for $100,000 that he never signed. 10:57 Filled out but never signed it, never turned it back in. 11:00 And here with the expenses of his last bout, 11:06 his last stay in the hospital, she was in debt with 11:09 no way to pay her debts. 11:10 And so, what kind of condition did this leave this women in? 11:14 So you know, I share that. 11:16 Women, talk with your husbands about making provision for you. 11:21 Let me just give you one more fact, one last statistic. 11:26 The average life expectancy of a woman 11:28 is five years more than a man's. 11:30 Tell your husband this. 11:32 Women normally live to be about 81 years old. 11:35 That's the average. Men 76. 11:38 So there's five years that you can pretty well 11:42 count on that you're going to have to have 11:45 some sort of income. 11:46 Talk with your husband, "Have you made provision for me 11:49 if you pass before I do?" 11:51 And sometimes those men just need to have a little 11:55 jarring to turn that insurance policy in. 12:01 The divorce rate... 12:03 I found this just heartbreaking. 12:04 And this isn't just in the world, 12:07 it's in the church as well. 12:08 The divorce rate among couples 50 and older 12:12 has almost doubled since the 90's. 12:15 Almost doubled. 12:17 Okay, these two forces mean that 8 out of 10 women 12:22 will end up alone and solely responsible 12:26 for their financial well-being. 12:28 Maybe it's just for five years, but do you want those 12:31 last five years of your life for you to be in poverty? 12:35 Remember, 50% of the women surveyed 12:39 what they say their number one fear it? 12:42 Being destitute in their old age. 12:44 So we that are younger, Jill, you're a lot younger, 12:50 make provision now. 12:51 Don't let it get away from you. 12:53 Okay, one last statistic. 12:55 When seeking financial direction, 13:00 only 12% of women seek the assistance of a professional. 13:04 The rest ask family members or friends. 13:08 Now, is that wise? 13:10 And again, the reason 3ABN does these programs, 13:14 we have got financial professionals that are 13:18 on our staff that are willing... 13:22 Are you willing, Earlenne? 13:23 I am very willing. 13:25 ...capable and able to help you. 13:28 And here is a beauty, a real touch of beauty. 13:31 How much do you charge, Earlenne? 13:34 Well I give my whole heart to it. 13:37 I don't charge anything. 13:39 And on top of that, 3ABN does pay for the 13:43 documents to be written for you. 13:45 - That's a big plus. - We do everything for you. 13:47 It doesn't cost you anything. 13:48 But you know what it will do? 13:50 Put some security in your heart. 13:51 Now I told you this was three fold. 13:53 Number one, I want to get your attention, ladies. 13:56 We need to take responsibility for our lives. 13:59 And we need to do it today. 14:01 Today is the day we need to begin this. 14:04 Okay, another aspect is that in a survey in the world, 14:13 now this was worldwide, there were 99 women 14:16 that were billionaires. 14:18 Whoa! 14:19 Only ten of those women earned their own money. 14:23 Like Oprah, you know, she's a self-made billionaire. 14:27 The other 89 inherited. 14:30 So I wanted to also touch on this. 14:33 Some women will become very wealthy 14:37 because of what they inherited. 14:39 They say that the baby boomers, not just women, 14:42 but men and women... 14:43 That's people born from, I think it's like 1946 to 1955. 14:48 Those baby boomers over the next 20 years 14:51 are going to inherit over 14 billion dollars. 14:56 So some of that will be for women. 14:58 And I just want to give you this aspect. 15:01 You need to be prepared now. 15:03 You need to seek financial help not from friends and family. 15:07 Do you know that when your friends find out 15:11 that you've inherited a lot of money, 15:12 some people that you never even knew will come and tell you 15:15 they're your best friend now. 15:17 Why? Because they want part of your inheritance. 15:20 And there are charming men that will tell you 15:22 anything, but what they want is... 15:25 So we need to be prepared now to take care of the blessings 15:29 that God blesses us with. 15:31 That's called being a good steward. 15:33 So that was the third point that I wanted us to address, 15:37 was, what does the Bible say? 15:39 Tell us about stewardship? 15:41 And I thought Greg and Jill could look into stewardship. 15:44 Before I jump into stewardship, if I could just say, 15:47 we have been talking about one of the reasons 15:50 why you want to invest with the ministry of 3ABN. 15:54 That would be, you want financial 15:55 security for the future. 15:57 You want to plan. And that is vitally important. 16:00 And as a woman, I can say from my own perspective, 16:03 it's vitally important. 16:04 But I think the other reason is that you want 16:08 to give, to put your money some place where you know 16:12 it has life changing value. 16:13 Where you know it is going to impact the world. 16:17 Greg and I recently had the privilege of developing a trust, 16:21 revocable cash trust, I think... 16:23 Is that what it's called, Earlenne? 16:24 ...with 3ABN. 16:26 And right now we're talking about a self-administered trust. 16:29 And I know we'll talk about these documents 16:30 throughout the program. 16:32 But it's a privilege and an honor to be able to 16:36 think that something of this money... 16:39 Of course, it's earning interest. 16:41 And the interest rates are incredible. 16:42 And that's an incredible blessing. 16:44 But it's a privilege to think that this money is going 16:47 to win souls for the kingdom. 16:49 That people are coming to a knowledge of Jesus. 16:53 So it's not only for our future and betterment, 16:55 but it's also for the mission, the gospel mission, of 3ABN. 17:00 So it's a privilege. 17:01 It is. And you know you were talking about age. 17:04 And I think sometimes Jill and I still consider us young. 17:08 And I think the word that I think of is procrastination. 17:12 You know, because it's like, Jill and I talk about it, 17:14 we're like, "Oh, we need to probably do something, 17:17 think about the future. 17:18 But oh, you know, we're busy. 17:19 We'll talk about it tomorrow or next week." 17:22 And before you know it, one year, two years, three years, 17:26 you know, have gone by. 17:27 And I think it's, sometimes for us I know, 17:29 just the business of life. 17:31 But it's good, I think as young people... 17:33 Right? We're still young, baby. 17:35 Thank you. 17:36 ...that we also need to be thinking about the future. 17:39 Because we don't... Tomorrow is not promised. 17:42 You know, we could be killed in an auto accident, 17:44 or just different things could happen. 17:46 But I think for planning, God wants us, like you mentioned, 17:48 Mollie, to be a good steward of what He's given to us. 17:51 And I like the song, going back to Pastor Kelly 17:54 and his song, little is much when God is in it. 17:56 I think sometimes we can also become discouraged 17:59 in our benevolence. 18:00 You know, because we think, "Oh, this isn't very much. 18:03 Surely that can't do much in God's work." 18:05 But do you know, God can take anything 18:07 and make something awesome out of it. 18:10 So anyway, Jill and I just recently, like you mentioned, 18:12 it's been something that we said, we just need to do it, 18:15 make a decision, we'll make a date 18:17 with you guys, with you and your husband, Earlenne. 18:20 And it was a great experience, very pleasant, easy. 18:23 - It was. - They make it very easy. 18:25 And you're very informative, too. 18:27 Because even though we work at 3ABN, 18:29 we still have some questions about what is a cash trust, 18:32 and a property trust, and so you just explained it very well. 18:35 - And so it's a blessing. - It was. 18:37 Greg, this is also a good time for me to mention 18:39 that many people say, "But Jesus is coming soon." 18:44 Well that's true, yeah. 18:45 "Should I really go through all these plans?" 18:47 Remember, we're suppose to occupy until He comes. 18:51 That means in our finances, our homes, our families. 18:54 Everything. We are to keep going forward. 18:57 And good planning is part of going forward. 19:00 ~ It's part of being a good steward. 19:01 - It sure is. - It is. 19:03 And I'll mention stewardship. 19:05 I just want to say Roy and Earlenne are such a privilege 19:08 and a joy to work with. 19:09 They came in on Friday because we kept trying to say 19:12 we'll do it during the week, during work hours. 19:15 ~ Well that's true. Yeah, you're right. 19:16 We're always in meetings and could never get away 19:19 and go over, we call it the white house, 19:20 where Planned Giving and Trust Services is over there. 19:23 And they came in on Friday morning 19:25 and just sat down and answered all our questions, 19:28 and so knowledgeable, you and your husband both are, so. 19:32 ~ And you know what else Roy and I said when you left? 19:34 "Wasn't it great to see Greg and Jill just 19:37 dressed down for the day?" 19:39 And us coming in just in relaxed clothes and saying, 19:42 "You know, we can work around this table just pretty relaxed 19:45 today and feel good about it." 19:46 And it all went just as well as if we had all been dressed up. 19:50 In a suit and tie. 19:53 So thinking about stewardship, you know, I think 19:55 the foundational principle of God's kingdom 19:58 is self-sacrificing love. 20:00 You know, you think about Jesus, from the cradle to the cross 20:03 He lived to bless others. 20:06 But yet Satan, when sin originated in heaven, 20:10 what did it originate with? 20:11 It began with self-seeking, with selfishness. 20:16 It began with covetousness, and greed, and pride, 20:20 and all of those things. 20:22 So I think the principle of benevolence, 20:24 the principle of giving to others, 20:28 it's foundational to the principle of God's kingdom. 20:31 You think about stewardship, it's really the responsible 20:35 management of something entrusted to our care. 20:38 And I always think there's five "T's" to stewardship. 20:41 We're talking today about money. 20:44 So that would be the "T" of treasure. 20:47 But the five "T's" of stewardship would be: 20:48 time, talents, treasure, testimony, and temple. 20:52 So God calls us to be a steward of our time. 20:55 You know, we're each given 24 hours. 20:58 And what do I do with that time? 20:59 How do I use that time? 21:01 Do I use it for pleasure? Do I use it for my own self? 21:04 Or am I going to use it to help and bless other people, 21:08 to minister to others? 21:09 Think about treasure. 21:11 What am I going to do with the money 21:13 that God has entrusted to me? 21:15 Because we can think, "Oh, this is my own money." 21:17 But it's not. 21:18 Everything we have, everything we possess, 21:21 is a gift from God and He has entrusted it to us. 21:24 And He wants us to be responsible 21:26 in how we take care of it. 21:28 And then I think about temple. 21:31 We're stewards of the body temple. 21:33 You think about 1 Corinthians 6:19-20, 21:36 the Holy Spirit wants to dwell in us. 21:39 And how we treat the body temple, 21:41 we're to be stewards of that as well. 21:43 Yeah, I think of Psalm 24. 21:45 Psalm 24, and I have it here in my Bible. 21:47 Verse 1 says, "The earth is the Lord's, and the fullness thereof; 21:53 the world, and they that dwell therein." 21:55 So that's everything. 21:57 You know, growing up my parents taught my sister and myself 22:01 about the tithing aspect, you know, the principle. 22:03 You give 10% back to God, and then you have 22:05 your offerings as well. 22:06 So that's 20%. 22:07 And so what they did, because I couldn't read... 22:09 This was when I was just a small little boy. 22:11 They had these small little, I don't know, 22:13 the wide mouth quart... 22:15 No I don't even think they were quart. 22:16 Maybe pint mason jars with a little lid 22:19 and a little screw on lid. 22:20 And they put little stickers on it. 22:22 So there was a sticker of a church that was on the lid. 22:24 Then there was a sticker of, like, clothes 22:26 so I could save money for my own clothing. 22:27 I think there was, I forget, the sticker for, like, savings. 22:30 So my parents were very strong on, 22:33 "Okay, now this is God's portion. 22:35 And if you want some new clothes you can put some money," 22:38 you know, we'd get some allowance, 22:39 "you can put so much in for clothing, 22:41 so much in for savings." 22:43 Because you know, we think about the 20% is God's, 22:45 but do you know, all of it is God's. 22:47 The rest of the 80%, that's also His. 22:51 And I think that goes along with being a good steward, 22:52 what God has given to us. 22:54 You mentioned about the five "T's", was it? 22:56 Five "T's". What were they again? 22:58 Time, talents, treasure, testimony, and temple. 23:00 Yeah, so that's really everything. 23:02 And God wants us to be stewards of 23:04 everything, including our time. 23:05 That can be difficult sometimes. 23:06 Even our talents. But everything. 23:08 But all of our money. 23:10 Yes, the 20%, 10% tithe. 23:12 Jill and I feel 10% for offering. 23:14 But also the rest of the 80%, 23:16 what does God want us to do with that? 23:17 That's being a good steward of it as well. 23:19 And I wrote this down, Mollie, here. 23:21 Let's see here. 23:22 Materialism. 23:24 It's not about what one has, 23:27 rather it's about a person's attitude 23:30 toward what he has. 23:32 So there's nothing wrong with having means, 23:34 and lots of it, or whatever God has given you. 23:37 But it's our attitude toward it. 23:38 Is it everything to me, or am I... 23:41 What am I looking to do with that money? 23:43 Help others, bless God's work. 23:45 I think that's the key, is our attitude, Mollie, 23:47 toward what we have. 23:49 ~ I think of Matthew 6. 23:50 Hmm, that's good. That's a good verse, yes. 23:52 Matthew 6, this is part of the sermon on the mount, 23:55 verses 19-21. 23:57 It says, "Do not lay up for yourselves treasures on earth, 24:00 where moth and rust destroy and where thieves break in 24:03 and steal; but lay up for yourselves 24:05 treasures in heaven..." 24:07 That's what you're doing when you invest 24:09 in the ministry of 3ABN. 24:11 It's laying up for yourselves treasures in heaven. 24:15 Because what happens when we store them in heaven? 24:17 "...neither moth nor rust destroys and thieves do not 24:20 break in and steal. 24:21 For where your treasure is, there your heart will be also." 24:25 And you know, many times I use to think of 24:28 this verse, this section of the sermon on the mount, 24:31 and I would say, "Okay, I'm supposed to lay up 24:33 treasure in heaven." 24:34 But why do I do that? 24:36 When I lay up treasure in heaven, it means my heart 24:39 goes more that way. 24:41 My heart turns toward wanting to sacrifice, 24:45 wanting to see souls brought to the kingdom of heaven. 24:49 Okay, so we're seeing that we must be good stewards 24:53 of the blessings that God gives us. 24:56 And in being a good steward, that's also making preparation 25:01 for ourselves, again. 25:05 Making, preparing while we're in our young productive years, 25:11 earning years, for those years. 25:13 Because you know, God willing, we'll all live past those years 25:18 when we have to come to where... 25:20 You know what? I'm retiring. 25:22 And my retirement date is just right up on me. 25:27 So I never thought I would ever not be working 40 hours a week, 25:33 but lo and behold, Jill Morikone is the General Manager 25:38 of 3ABN, and doing an incredible job. 25:41 So God made preparation here at 3ABN for me to have 25:47 some years away from the 40 hour. 25:51 Not away from God, and not away from serving God 25:54 in doing for the kingdom of God, 25:56 but away from the 40 hour a week job that I've had 26:01 since I was 18 years old. 26:02 I worked 50 years. 26:04 Yes, I get a jubilee. 50 years. 26:09 But you know, so we're looking at being good stewards 26:14 and making preparation. 26:15 And in doing that, we have these instruments 26:20 in our Planned Giving and Trust Services department. 26:24 And what we want Earlenne to do now 26:27 is just educate us. 26:28 Tell us what would be best. 26:30 What was best for you and Greg at this time? 26:34 For us, the cash trust. 26:36 Because you get a much higher interest. 26:38 I think, Earlenne, is it four to five percent we get? 26:41 4.2 to 5.0 annual percentage rate. 26:44 That's a fluctuating... 26:46 ~ Yeah, and you said it's not guaranteed, 26:47 but that's what it kind of averages out. 26:48 ~ It's not guaranteed, but for the going on our ninth year 26:51 it has been right there. 26:53 And last year was the highest one we've had. 26:56 And so 4.2 to 5.0 annual percentage rate is pretty good. 27:02 That's really very good. 27:03 ~ Yeah, considering if you put your money in the bank 27:05 in a savings account or a checking account 27:07 you're basically getting nothing, basically. 27:09 ~ And on top of that, Greg, if you put it in there 27:12 they might say, "Yeah, we can give you a better interest rate, 27:18 but we're going to hang onto it for five years or ten years." 27:20 You wouldn't have access to it. 27:22 Yours is liquid right now. 27:24 Should you have a major situation happen that you 27:27 needed that money back, a life changing situation, 27:30 we will gladly refund your money. 27:33 3ABN has never held off giving back money 27:36 to anybody who needs it. 27:37 And we don't decide if you need it. 27:39 You decide if you need it. 27:42 That's a very important point. 27:43 So is that what you call a revocable cash trust? 27:46 It is a revocable cash trust. 27:49 ~ I want to say this. 27:50 That's what Hal and I have is a revocable cash trust. 27:53 And we had a family member that was in a situation 27:56 where just like that they needed some money. 27:59 And so all I did was call over to Trust Services 28:03 and say, "Help, I need this." 28:04 And it was on my desk the next morning. 28:07 So that's what we mean when we say it's our money, 28:11 it's liquid now, and we have free access to it at any time. 28:16 Now explain about a cash trust and how you can 28:21 become a client of 3ABN in the cash trust department. 28:27 Okay, I'll be happy to talk about that. 28:29 If you have $10,000 and you're single, 28:33 or if you have $20,000 and you're married, 28:36 then that money can be invested in 3ABN 28:40 and you too will earn that 4.2 to 5.0. 28:44 We send out regular monthly statements 28:46 so you know exactly what's happening. 28:48 Some people choose to accrue the interest 28:52 back into their account. 28:54 Some people choose to take half of the money 28:57 but give half of the interest money every month 29:00 as a gift to 3ABN. 29:03 We have grandparents who are supporting their kids 29:06 in academies or grade schools. 29:08 They want them to have a good Christian education. 29:12 And they knew the parents couldn't do it on their own 29:14 so they invested money, and the interest they're making 29:18 we're sending that money to an academy 29:20 or a grade school where it's going towards their tuition. 29:24 ~ Yeah, that's great. 29:26 And this is what they did. 29:27 They invested their principle and they live off the interest. 29:32 And you can ask both of my children, 29:34 if I've given them any financial counsel it was, 29:37 "Invest your principle, live off the interest." 29:40 Don't ever eat your seed. 29:45 Plant your seed and then live off the crop that comes from it. 29:49 ~ That's right. That's exactly right. 29:52 So that's a very, very good document. 29:56 And we start your interest being earned 29:59 as quick as we receive your check. 30:02 And the form that we send you in the mail 30:05 that comes in your packet will be the application 30:08 that you're going to fill out. 30:09 When you fill that application out, you're going to send it 30:12 into us and we will give it to the attorney. 30:15 So that's actually the attorney's worksheet 30:18 so that we know exactly what you want. 30:20 Right. 30:22 And so you will be getting a fully printed up 30:24 document very soon. 30:26 And that document will then be signed after you review it. 30:33 But what you had selected is going to be in there. 30:36 And of course, you want to check and make sure that 30:39 your birth date was right, and you know, a few other details. 30:43 And I'd like to bring up something here too. 30:46 When we ask you to fill out an application, 30:49 that application is a snoopy application. 30:54 Very snoopy. 30:55 We have to know some things in order to be able to help you 30:58 and legally carry forward the document that 31:02 you are preparing with us. 31:04 Among those things will be your grandparents names, 31:09 your mother's maiden name. 31:12 Some people haven't thought about that one for a long time. 31:14 They go, "Oh, let me think." 31:16 Well you can be thinking about that in advance. 31:18 When you order your packet, you'll be ready to roll. 31:20 Another thing we ask for is your social security number. 31:25 We are snoopy. 31:26 The reason we ask for that is not because 31:29 we're identifying you. 31:31 It is because you will earn interest. 31:33 And we have to report that interest. 31:36 So that will be attached to your social security number. 31:41 And of course, you will get your papers at the end of every year 31:44 to turn in for your tax reports. 31:46 ~ And everything is totally confidential. 31:48 Totally confidential. Totally. 31:51 And we have our files here, we have concrete vaults. 31:55 They stay in there. 31:57 They're well protected. 31:58 But when we first prepare the documents, 32:00 we also make two originals. 32:04 One for you and one for here at the office. 32:07 So there are two originals. 32:10 And that's a safety thing. 32:13 Once you prepare a document with us, you are also going to 32:15 receive in the mail a wallet card. 32:19 Just a little wallet card. 32:20 About the size of your driver's license. 32:23 And on there will be a phone number where to call 32:26 should anything happen to you. 32:29 If you were in a car accident, 32:30 if you had an instant heart attack, 32:32 if you got stung by a bee and passed out 32:34 and were dead minutes later. 32:36 How is somebody going to identify who you are 32:39 other than just your driver's license? 32:42 Do you have anything else that's of total value? 32:45 And for us, it's of total value to God. 32:48 You may not have a spouse that's still living. 32:51 It might be the time that you are going to turn that money 32:54 over to God's work. 32:58 What is, I know we're talking about a revocable cash trust, 33:03 but aren't there irrevocable documents? 33:06 Yes, there are irrevocable documents. 33:09 This is called an annuity. 33:11 And many people in their older years... 33:14 Not that old. 65 is not that old. 33:17 But at 65 you might be able to surpass that 4.2 to 5.0. 33:23 And we might suggest, why don't you put your first 33:25 $5,000 or $10,000 or $20,000 out of your savings and 33:30 start an annuity. 33:31 That is instantly going to lock you into 33:34 a higher rate of interest. 33:36 Because if the economy goes this direction, 33:40 you don't change. 33:41 It stays right there. It's guaranteed. 33:44 So if you're 65 and above, that is a very important document 33:48 to switch either, you know, some of your funds over to. 33:51 Some people choose half their funds. 33:53 We never recommend that you put in everything you own. 33:57 That is not a good plan. 33:59 We're here to make sure you, your family, 34:01 your church, you know, those types of things 34:04 are all taken care of. 34:05 It's the other part of the money that you can 34:07 go ahead and put in. 34:08 You will earn a higher rate of interest. 34:10 Now each time you buy a new annuity, you buy them, 34:14 you buy them in increments of $5,000, $10,000, $20,000. 34:19 And that's what that one is going to be valued at 34:22 for the whole life of it. 34:24 Now if you want to put more money into another annuity... 34:28 And most people do this like right at the end of the year 34:31 because they're looking for another tax break. 34:33 Which is an important point to. 34:35 You can do one and put in another $10,000. 34:39 ~ So does it accrue as in, say you had a $5,000, 34:42 and then now you add another $5,000. 34:43 - Is it a $10,000? - Good question, Jill. 34:45 No, it's doesn't accrue. 34:47 You buy a new one each time. 34:49 Now, maybe you bought the first one when you were 65. 34:53 Maybe you didn't think of it again until you were 67. 34:56 Guess what? You're older. 34:58 Your interest rate is more. 35:00 So if you have $10,000... 35:02 And we've had people call us and say, 35:03 "I have eleven of these with you now, 35:06 and the interest is different on each one of them 35:08 for the same dollar amount." 35:10 That's because you were getting older. 35:13 Now we have the best senior citizen plan. 35:15 - You know that, don't you? - I know that. 35:17 You know that. 35:18 And just recently it got even better. 35:22 Our older clients, you can now earn, 35:26 if you're in your 90's, up to 9.3. 35:31 - 9.3 ~ That's a lot. 35:33 Yes, and we have a number of clients 35:36 who have called us, and that's exactly the bracket they're in. 35:40 ~ It will never go down. - It will never go down. 35:42 It will never go down. 35:44 Now some people will recall that in 2008 we had a market crash. 35:49 And what happened there was we did have some people 35:52 that were making 12%. 35:55 They did not go down. 35:57 We've got one lady right now that's 104 years old; 36:01 she has the 12%. 36:03 Now she did it back here, and when it dropped 36:07 it didn't drop off for her. 36:09 Now I'm going to go back to why we suggested to you 36:11 that you do the cash trust for 4.2 to 5.0. 36:15 And that's because we don't want to lock you in yet. 36:18 Because you could go higher. 36:20 But don't wait too long to go a little higher. 36:23 Keep some of that money in there so that you're 36:26 getting that good interest, because then your interest 36:28 payment will be larger. 36:31 So I'm thinking about also the benefit, though, 36:33 this is neat too, as far as for 3ABN. 36:35 Because when we do the cash trust it's a minimum of 25%. 36:38 Like if Jill and I were to be killed in an automobile accident 36:40 or some other disaster, 25% of that automatically goes to 3ABN. 36:45 So that's part of the document. 36:46 And I think that's again talking about, Mollie, 36:48 being a good steward. 36:49 You know, the way Jill and I did it, we divided it up 36:51 amongst some other people, but then part of it's coming to 3ABN 36:54 if we were to pass away. 36:55 And that's where it's great because then it blesses 3ABN 36:57 even after we're gone. 36:59 ~ And I'd like to add to that, Greg. 37:02 Greg brought up the fact that it's 25%. 37:04 It can be 25%, it can be 100%. 37:07 We have got some elderly people who have no family left, 37:11 and they had no children. 37:13 They will put on that line every time 100% to 3ABN. 37:17 So you are welcome to customize your document 37:20 exactly the way you want it, 37:22 and we will facilitate your wishes. 37:24 Now also on that same page, which is about page 4 or 5 37:29 in the application, there is a spot where you 37:32 will need to put an alternate, except 3ABN. 37:37 So maybe you listed all of your children. 37:41 And all of your children need to have an alternate. 37:44 Either the money will then, 75% of it maybe, be divided 37:48 equally among three more children, 37:51 So they each get 25, plus, you know, 3ABN gets 25. 37:55 But what if they're not living? 37:57 What if something happens to one of them? 37:59 Then it needs to go to somebody else. 38:01 Either the other siblings or it can also go to 3ABN. 38:06 The other thing you can do is we support all ministries. 38:10 So if you wanted to put another ministry name in there, 38:14 we will honor your wishes for that. 38:16 ~ I didn't know that. - Yes, we do. 38:18 And it is a good plan. 38:21 Because I'll tell you, all the other ministries 38:23 are writing documents with our name in it too. 38:26 So it's share and share alike in the church 38:28 with the money of God. 38:30 It is shared. 38:31 And so it's very important that you list for us 38:33 exactly what you want to do. 38:35 If you don't know some ministry names, 38:38 but you'd like to support some ministries, 38:40 we do have suggestions for you. 38:43 And some of the people that you have seen featured 38:45 right here on 3ABN, mission projects and things like that, 38:50 we've got people that list those in their documents. 38:53 Now someone says, "Well they're not a real big ministry, 38:56 they're small, but they certainly need my funds." 38:59 Well maybe God chose ten years down the road 39:02 that ministry is no longer here, or it took on a new name. 39:05 That has happened too. 39:07 You can still list them. 39:09 Because that money can then go to an alternate. 39:13 So don't be afraid to give it to a small ministry also. 39:16 All ministries that are doing the Lord's work 39:18 need to have funds. 39:20 ~ That's right. ~ Amen. 39:21 So that kind of covers the annuity, 39:25 and then of course the cash trust, 39:26 and how the two can relate. 39:28 Cash trust is revocable, the annuities are irrevocable. 39:33 So I could give you a quick rundown too, if you would like. 39:37 An irrevocable document always has a fixed interest rate. 39:42 This fixed interest rate: payments for life. 39:45 You don't add to it, but you can always buy a new one. 39:48 That's a great part. 39:49 And then you may not withdraw funds. 39:52 It has already been permanently invested. 39:55 Now you say, "When I pass away, if these payments are 39:58 coming to me, what happens to the rest of the money 40:01 when I pass away? 40:03 I'm gone now." 40:05 What remains in that account comes to 3ABN. 40:09 And that is your charitable intent. 40:11 So our annuities are charitable intent documents. 40:15 Just like the others. 40:16 But 100% of what's left in there. 40:19 Okay, so someone says, "Wait a minute. 40:21 I put $100,000 in there. 40:23 3ABN is going to get all of that and I can't distribute it?" 40:26 It's all going to go to 3ABN. 40:28 But your $100,000 is no longer in there. 40:32 We've been paying you interest out of that, 40:35 along with the interest that you've earned, 40:37 for your life. 40:38 But what remains in there is what will come to 3ABN. 40:43 And we have had some wonderful, wonderful gifts 40:48 from the annuities. 40:50 And then it's a tax benefit. 40:52 It's very important that we have tax benefits 40:54 when we work with finances. 40:56 And an annuity is one of those. 40:59 Now a cash trust is revocable. 41:03 The other one is irrevocable, cash trust is revocable. 41:07 It will have a variable interest rate. 41:09 Now if you wanted to figure out what your interest 41:11 was going to be approximately for the year, 41:14 you can take and add up all 12 months of whatever 41:17 interest is fluctuating, add all of those up, divide it by 12. 41:22 Easy formula. 41:23 There's your interest rate. 41:25 Okay, we're done with the program and we don't remember 41:28 what Earlenne said, that's okay. 41:30 I have a telephone, give me a call, 41:33 and I will go over all the details with you. 41:36 ~ And there's a packet you can send them too. 41:38 Yes, we send a package, and there's some 41:40 surprise gifts in there too. 41:43 Things from 3ABN that I think people always enjoy getting. 41:46 You also get copies of programs similar to this one 41:49 that we have done. 41:50 And those programs are an educational benefit to you. 41:54 Sit down and watch them, absorb them, 41:57 and then first contact God. 42:01 Say, "God, what would you want me to do?" 42:03 When Hal and I were first looking at this, 42:06 the document that worked best for us was the cash trust. 42:10 That's what you have invested in is the cash trust. 42:14 But I know y'all are very young and you have other aspects 42:17 that you want to look at. 42:18 And I think, Greg, property trust was something 42:20 that was interesting to you. 42:22 That's something Jill and I are looking at is a property trust. 42:24 And I know, Earlenne, you can expound upon that a little bit. 42:26 But that you can use in place of a will, actually. 42:29 Which is new information that we hadn't actually considered. 42:31 And that would be basically everything that you own. 42:34 - Is that correct? ~ Uh-huh. 42:35 ~ And for the older generation this is a very common question. 42:38 So it's very good that you brought it up, Greg. 42:42 The older generation was kind of tuned into, 42:44 "Oh, do you have a will yet?" 42:45 "Oh, you're not doing well. Have you written a will yet?" 42:48 Believe it or not, they talk like this. 42:49 That's, you know, something they are worried about. 42:52 So they want to write a will. 42:54 We're not going to encourage you to do a will unless 42:56 you've got maybe a really small estate. 43:00 But if there's a house, we're still going to recommend 43:02 you put it into a trust. 43:04 A will is public knowledge. 43:07 And I know, Greg, that took you by surprise 43:09 that it's public knowledge. 43:10 Anybody can go to the courthouse and say, 43:12 "So what did mom and dad do with their stuff?" 43:14 Okay, they put it in a will. 43:16 So they go and look it up. 43:17 "Hey, did you know you're getting something and I'm not?" 43:19 Well let's avoid that situation, do a trust. 43:22 And that is not public knowledge to anybody. 43:25 It's between you, God, and the trust department that wrote it. 43:28 ~ And I think a good point too that you and Roy brought up 43:30 is that actually the deed or the title, let's say, to the house 43:33 that Jill and I live in actually is still held by me. 43:35 It doesn't go to 3ABN... 43:37 ~ That's the beauty of the self-administered trust 43:41 which is a property trust; SAT. 43:43 Yes, Greg's got a new word now. 43:45 SAT; call up and ask about a SAT. 43:47 When I think about that, I think of satellite. 43:50 But SAT. Self-administered trust. 43:52 You're very tuned into television. 43:54 That's right, I am. 43:55 The SAT is important. 43:57 Getting your house in there and protecting it 44:00 so that if anything happens to you, 44:03 that's taken care of. 44:05 It's not just going to be lying over there and the government 44:08 get their hands on it or somebody that you didn't want. 44:11 It's settled, you've already decided. 44:14 So if Greg and Jill put their house in a SAT, 44:16 and wanted to divide it among 3ABN and family members, 44:20 that would be a beautiful act. 44:22 If you own multiple properties, you can do multiple properties 44:26 in the same trust. 44:28 ~ So the different properties all go into the one trust? 44:31 They all go in there, but they're listed separately. 44:33 Now what we will have is, we will need to get a deed 44:38 for each property. 44:39 So if you have a property but it doesn't have a house on it, 44:41 that's okay, there's still a deed. 44:43 So make sure that we get a deed to put into your trust. 44:47 We will prepare that deed where it will now read 44:50 that it is going into your trust. 44:53 Not to 3ABN. 44:55 The SAT is a self-administered trust, 44:59 which is a very important point. 45:01 Because we don't want anybody to think they've given up 45:03 their property already to 3ABN. 45:06 It's important that you give the property to your trust 45:10 to be administered the way you would like it. 45:12 ~ And is it revocable or irrevocable? 45:14 It is totally revocable. 45:15 Okay, now maybe you sell that house, 45:18 and you own two other properties in it, 45:20 but you sell the one house and you move to another one, 45:23 then we'll take the old one out 45:25 and we'll put the new one in for you. 45:27 So that's something that's done very easily. 45:29 And we do prepare those documents 45:32 to make the switch of the deeds at no expense to you the client. 45:37 That is very, very important. 45:39 We do not do the recording, we don't pay the recording fees. 45:43 So that's something that we don't do. 45:45 But other than that, we take pretty good care of you. 45:48 Now if you have a property trust, this is also where 45:51 you're going to put in a few more things. 45:53 Some of the things that you're going to put in would be 45:55 your bank accounts. 45:56 We need to know on your bank accounts 45:58 just the numbers, and that you have gone to the bank 46:01 and done a POD. 46:04 Pay On Death. 46:07 Who's the money going to go to? 46:09 Is it going to come to one of your family members? 46:12 Is it going to come to 3ABN? 46:14 Just don't leave it there because the banks 46:17 are going to hold onto it. 46:19 If I don't have a POD, like we don't have a POD, 46:22 so if you don't have a POD, what happens if we were to pass away? 46:25 Where would the money go? 46:26 Have you heard of unclaimed money that's 46:28 on a government website? 46:32 ~ If nobody comes to claim your money, 46:35 then it goes to the government. 46:37 It goes to the government. 46:38 And you can go on websites... 46:40 And Roy found an aunt of his money in there 46:43 that for years it had been sitting 46:46 that nobody had ever claimed it. 46:48 And he called her up and let her know that she had, 46:51 you know, something in the unclaimed. 46:53 So yes, that is what will happen. 46:55 Pay On Death is vitally important to every document. 46:59 You know, we did a POD and let our daughter know, 47:02 "You're who we've put on this 47:04 in the event something happens to Hal and I." 47:06 She can come and they will empty both our savings 47:10 and our checking account, give it to her. 47:13 And then we trust her, we know that what she'll do then 47:16 is pay our bills, make sure we're buried properly. 47:19 But rather than the money just sitting there, 47:22 it will be used for the things that we need. 47:27 ~ Because it can get held up a long time. 47:29 You know, court proceedings and all that. 47:30 ~ Oh yes, it can be held up a long time, 47:32 and then there's that risk of never getting it. 47:34 Also financial retirement plans. 47:37 If you've got retirement plans somewhere, 47:40 or insurance, definitely go to those 47:43 and do a Pay On Death. 47:45 Otherwise, where are they going to go to? 47:46 And make sure that they are listed to go into your trust. 47:51 We will give you the name of your family trust 47:53 when it's developed. 47:55 And the funds can go into that at any time. 47:58 ~ You know, Earlenne, I'm thinking about the 47:59 number of people, they have been procrastinating 48:04 and they've been meaning to do this for so long. 48:07 I had a little lady come to me at the last camp meeting. 48:11 And she said, "You know, Mollie, I heard one of your programs 48:14 on trust services, and my husband and I said 48:17 we need to do this." 48:18 Now I want you to know, they have been a 48:20 tremendous blessing to 3ABN. 48:22 But they had been meaning to. They'd been procrastinating. 48:25 Finally they go... This is what we hear so often. 48:30 Once we had our documents in place, 48:33 we had all of our properties securely where we know 48:40 that they're going to go where we want them to go. 48:42 And everything so secure in these trusts, 48:46 or whatever document, we were so relieved. 48:49 It's like a weight was lifted off of us 48:52 because now we don't have to concern ourselves. 48:55 We know that everything is going to be taken care of. 48:59 just like we want it to be taken care of. 49:02 I will mention too that we send out each year a form 49:06 where you can update. 49:07 We sent one that said, "Is your trust an antique?" 49:11 Well you don't want your trust to become an antique. 49:14 And we were checking, and we gave them lines to write on. 49:17 You know, did you buy a new car? 49:19 Did you actually sell your house? 49:22 Do you have a new one? 49:23 You know, the things that they want to. 49:25 Have you checked to make sure that all your accounts... 49:28 People start new accounts. 49:30 Are all of your accounts in your trust? 49:34 So we remind you. 49:35 We're here to facilitate, and we do remind you. 49:38 And we're not bugging you, we're only reminding you. 49:42 We want your document to be what you want it to be. 49:45 ~ It's for their own good. 49:46 And Greg, something that I think you mentioned earlier 49:49 was like with the property trust, it doesn't have to 49:52 go through probate. 49:53 That's true. That's a good point. 49:54 Which can be kind of held up sometimes for quite a while. 49:58 And by the way, don't forget your stocks and bonds. 50:01 That's another big one. 50:03 And let us know, you know, what you have on that. 50:06 And also, if you have to take an IRA distribution, 50:12 call us about those IRA distributions. 50:15 You can give a gift of whatever your distribution has to be 50:18 that you have to take out when you're 70 and a half. 50:21 Call us. 50:23 You can make that as a direct donation, Mollie, 50:26 to 3ABN and never have to pay any taxes on it. 50:30 - Save you money. - That's right. 50:32 You know, Earlenne, I'm thinking of... 50:35 We're talking about people, obviously, that has money 50:40 that they need to invest. 50:42 But I'm thinking, oh Earlenne, I'm thinking about 50:45 the young people, that their finances are tight. 50:48 And I want you to know, in our Trust Services department 50:51 you can call Earlenne, tell her your situation, 50:55 and she will work with you to get you started. 50:59 Sometimes we just need to get started, 51:01 and then let God... 51:04 Little is much, when? God is in it. 51:07 And let God take this small beginning that you have 51:11 and He will continue to multiply it. 51:13 It's God's will for your life 51:16 that you be safe and secure in Him, 51:18 and that He will provide, supply all of your needs 51:23 according to His riches and glory through Christ Jesus. 51:26 So we've got this Trust Services department 51:29 that is willing and they are educated, 51:32 and they will be so blessed to have you call them. 51:35 And so, if you want more information, 51:38 it doesn't matter what... 51:39 We haven't spoken of all of our documents, 51:42 There's not enough time on our program. 51:44 No, this is just the start. Need to call. 51:46 You need to call. And so here is the information. 51:49 Get your pen and paper. Write down this information. 51:52 Write us or give us a call. 51:55 To find out more information on 3ABN's Planned Giving 51:58 and Trust Services, please give them a call. 52:01 Our friendly staff will be more than willing to explain 52:04 all the benefits of our cash trusts, property trusts, 52:08 and annuities. |
Revised 2018-08-21