I want to spend my life
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mending broken people
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I want to spend my life
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removing pain
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Lord, let my words
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heal a heart that hurts
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I want to spend my life
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mending broken people
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I want to spend my life
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mending broken people
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Hello and welcome to
3ABN Today. My name is
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CA Murray and allow me
once again to thank you
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for sharing just a
little of your, no doubt, busy
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day with us, to thank
you as always for your
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love, your prayers,
and your support of 3ABN
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as together, we
lift up the name of Jesus
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and take the good news
of Christ's soon coming
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to the whole world.
This is a very special
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program. 1) Because of
our subject matter, and
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2) because of the
guests that are with
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me on set. I'm in the
company of our director
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of trust services,
Mr. Roy Hunt. Good to have
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you here, man. -
Good to be here. Always
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a pleasure. - Praise
the Lord. Good-looking,
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distinguished
fellow. This is a fellow you
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want to give your
money to because he looks
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so good. - Not to
me- to 3ABN. [laughter]
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- And we praise the
Lord for that. But what's
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really interesting
today is our guests.
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-Are our guests? Is
our guests? Are our guests.
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...Our guests.
Attorney Wesley Westphal. That
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name, Westphal, is
very familiar to those
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of you who are
friends of 3ABN. Been here
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more than one time
and his dad was our- was
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YOUR predecessor for
many years. - That's right.
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- Hard workin' guy. -
Absolutely. [laughter]
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- And his mom is still
with us; just left here
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just a few days
ago. But our special
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guests- I use that
term a lot, but they are
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special guests in
this capacity- are JD and
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Shelley Quinn, and
you're seeing them in a slightly
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different role because
we're going to talk about
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stewardship and benevolence and
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disinterest in benevolence
and support of the work of God;
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and along with
working for 3ABN, they are
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supporters of 3ABN
and are going to talk
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to you a little
bit about how they have
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struck to their lives
and their work so that
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their legacy to 3ABN
is ongoing. Have I covered
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that fairly succinctly?
- Amen. - So, we're going
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to have a good
program. Talk a little bit about
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stewardship,
about surrendering your
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life to the Lord,
and what that means;
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we've got the
attorney here should we run
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into any difficulty.
- He keeps me straight.
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- Amen and amen.
So we really should be
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quite fine. Roy's
going to kind of take the
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lead on this
stuff because he is our-
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this fellow does a
good job. When we have
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3ABN board
meeting, the reports are-I
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don't say universally
good, but they're always
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pretty good, man.
You're working really
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hard, and your
team is working hard. We
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should give them
kudos also. - Yes. Every
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person in our
office has a major part in
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what we do, and talking
with the individuals that
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call and want to
do something for 3ABN,
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they're the front
line. Many times, people
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will talk to them
before they talk to
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me, so I
appreciate every one of them
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that we have. We
have one volunteer, even,
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that spends a lot
of time with us. She's
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away right now, but
when she comes back,
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she's right there,
ready to go to work,
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so we appreciate all
of them. - Good team.
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A good group of
people. Shelley and JD are
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Texans. We got here
about the same time, although
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you had done some
work previously to your
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coming for 3ABN...
We're going to get into
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this; sort of just
touching the surface.
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You have looked at
your life, at what you have,
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what the Lord's
blessed you with, and made some
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long-term determinations
for yourself and for
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the ministry. -
Absolutely. When I think of
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stewardship, the
scripture that comes
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to my mind is James
1:17 that God is the
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giver of every good
and perfect gift. Of
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course, Paul said
that even- the way I look
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at it, everything
that we have is God's.
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Paul said in 1
Corinthians 6:19 that our bodies
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are not our own
but we were bought with
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a price. To me, stewardship is
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recognizing God
as our provider, then
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it is our responsibility
to manage the resources
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that He has
given us for His glory.
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We want to ensure
the most important
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ministry to us- we
give a faithful tithe
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to the church, we
give offerings to our local
00:05:20.75\00:05:24.09
church- but the most
important ministry to
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us is 3ABN because we
believe wholeheartedly-
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and the reason
we're here is because we
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believe that 3ABN is
the greatest evangelistic
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tool in the hands
of the Lord today. We
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want to ensure
that what we have will
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continue to support
3ABN after we're gone.
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- Amen. Amen. When we
think of stewardship in
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its broadest terms, it
is really the recognition
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that God is in
control of every aspect of
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our lives. Certainly,
our hearts, our heads -
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that translates
into what goes on in your
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wallet. But to
limit it just to funds is
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sort of an
impoverished view of stewardship
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because it's the health
He's given you, it's the
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life force He's given
you, it's the time He's
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given you - it's
all of those things
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turned over to God
given back to God for
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service in the cause of God.
I certainly would not gainsay.
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I think 3ABN is an
incredible latter-day
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tool in the hand of
God for the salvation
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of the souls of men
and- I've not been able-
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Irma and I-to do
anything large, but
00:06:31.12\00:06:33.22
we have money taken
out of every paycheck
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since we've come
to 3ABN that goes back
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into the
ministry, because I believe
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you ought to buy what
you sell. You ought to
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believe in what
you sell. And as such,
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it's worthy of our
support. When you see
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the good that's being
done around the world, you
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want that to go on
and go on and go on
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after you. Let's go
to our music, Roy, then
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I'll kind of put it
in your hands a little
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bit. We're going to
talk a little bit more
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about stewardship
and then we're going
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to make ample use of
this attorney who sits
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before us-good-lookin'
guy, you know. He's
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got hair.
[laughter] - Praise the Lord.
00:07:02.55\00:07:10.19
Anybody with hair.
It's kind of good for
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me. And forgive
us; we have fun here
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because we believe
in what we're doing.
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We believe in the power
of the Lord and there is
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a joy and a line that comes from
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serving the Lord
and knowing that you're
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doing what God
is asking you to do.
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- Amen. - So if it
overflows and expresses
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itself in laughter and
joy, forgive us. In fact,
00:07:29.74\00:07:32.51
don't forgive
us-join us, because I think
00:07:32.58\00:07:34.72
that's what the
Lord would have us to do.
00:07:34.78\00:07:36.12
Our music is coming
from Sam Ocampo, and I need
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to warn you and get
you ready for Sam. Sam is
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to the piano what
Jaime Jorge is to the violin
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visually. A lot
of facial expression;
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he's very into his
music, so when you watch him,
00:07:47.80\00:07:50.63
half the fun is
just watching what he's
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doing facially as
is when Jaime Jorge is
00:07:52.63\00:07:55.10
playing. He's just
twisting and turning and
00:07:55.20\00:07:56.91
he's into his music.
Well, Sam is like that
00:07:56.94\00:07:58.81
on the piano. He's
going to be playing "Thank You
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Lord." Listen,
but also watch. It'll
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be a spiritual
treat. This is Sam Ocampo.
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- Welcome back.
That was beautiful. I've
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always enjoyed
Sam Ocampo. I've known
00:12:29.71\00:12:33.01
him for- not known
him personally but known
00:12:33.11\00:12:34.88
his music style,
and the songs that he
00:12:34.95\00:12:37.45
plays are just absolutely
beautiful. Thank the Lord.
00:12:37.52\00:12:41.26
- He does get into
his music; he really
00:12:41.32\00:12:43.99
does. - Wesley Westphal,
I appreciate everything
00:12:44.06\00:12:48.90
you do for 3ABN.
Every document that is
00:12:48.96\00:12:52.73
written-almost.
There's probably a couple that
00:12:52.80\00:12:57.11
Wesley is not
involved with. Wesley's been
00:12:57.21\00:13:00.71
working with 3ABN
for many, many years.
00:13:00.81\00:13:03.35
Whenever there is
a question, I call
00:13:03.41\00:13:06.05
Wesley. If he
doesn't know the answer, he
00:13:06.15\00:13:10.62
knows right where
to go to get it. I've
00:13:10.69\00:13:12.85
asked Wesley to talk
a little bit about wills
00:13:12.99\00:13:16.66
and trust. A lot
of times, I talk about
00:13:16.73\00:13:21.03
the trust and the
wills, but I'd like to hear it
00:13:21.10\00:13:24.17
from an attorney.
Why is it necessary for
00:13:24.20\00:13:27.34
people to do a will
or a trust and what's the
00:13:27.44\00:13:30.21
difference? - Well,
wills and trusts accomplish
00:13:30.24\00:13:34.68
the same things,
somewhat. They distribute your
00:13:34.74\00:13:37.05
assets once one
person passes away. The main
00:13:37.11\00:13:42.05
difference between
a will and a trust is
00:13:42.12\00:13:44.65
that a trust will
help you avoid probate.
00:13:44.75\00:13:47.42
That's, if you
have property- anybody
00:13:47.49\00:13:50.99
who owns property
really should have a
00:13:51.06\00:13:52.66
trust, because
avoiding the probate system
00:13:52.73\00:13:56.77
will save time and
money from your estate
00:13:56.87\00:14:01.04
and make it so
much easier for your
00:14:01.10\00:14:02.44
beneficiaries and
whoever's handling your
00:14:02.50\00:14:04.41
estate. - Now,
Wesley, if I may hit the pause
00:14:04.47\00:14:06.94
button, define 'probate,'
'cause there may be some
00:14:07.04\00:14:08.44
people who don't
know that term. - Probate
00:14:08.54\00:14:10.71
is a Core
Proceeding that, when a person
00:14:10.78\00:14:12.78
passes away with a
will, the will typically
00:14:12.88\00:14:19.29
gets deposited into
a court or the county
00:14:19.35\00:14:22.12
court. Then you
have a Core Proceeding
00:14:22.19\00:14:26.13
that divides all the
assets up, but that takes a
00:14:26.23\00:14:30.67
long time.
There's expenses involved-
00:14:30.73\00:14:33.03
attorneys' fees-it's
a much more complicated
00:14:33.07\00:14:36.71
process than what
you have with a trust.
00:14:36.81\00:14:39.37
- Do attorneys
need to get involved in
00:14:39.44\00:14:40.91
probate, or should
they? - Yeah, you should.
00:14:40.98\00:14:43.65
If you have a-. [laughter] Some
00:14:43.71\00:14:48.65
attorneys are going
to get mad at me for
00:14:48.75\00:14:50.12
saying, "Get
trusts," 'cause that takes
00:14:50.19\00:14:51.92
a lot of money
out of their pocket.
00:14:51.99\00:14:53.72
Typically, if
you have to probate a
00:14:55.79\00:14:57.53
will, you're going
to have an attorney
00:14:57.63\00:14:58.96
involved, so you'll
have a lot of attorneys'
00:14:59.03\00:15:00.36
fees, a lot of
costs, a lot of fees outside
00:15:00.40\00:15:04.43
the attorneys' fees,
and it takes it quite a
00:15:04.50\00:15:06.33
while. I've seen
some probates last for
00:15:06.43\00:15:09.27
years. Trusts are
quick; much less expense
00:15:09.34\00:15:15.61
involved and you
avoid the hassles
00:15:15.68\00:15:19.11
of the probate
system. - Now, in some states,
00:15:19.18\00:15:21.92
I understand that
there are small probates.
00:15:21.95\00:15:24.65
Are you familiar
with small probates?
00:15:24.72\00:15:27.56
- Yes. Most states
have what's like a small
00:15:27.66\00:15:31.43
estate set aside where
you can do declarations
00:15:31.49\00:15:35.83
or affidavits, and
you can do that outside
00:15:35.96\00:15:40.37
the court system if
your estate is small
00:15:40.44\00:15:43.20
enough. - Do you know
how small a small estate
00:15:43.27\00:15:47.48
can be? We're
talking 10,000, 50,000?
00:15:47.54\00:15:50.85
'Cause we get asked
all the time how much
00:15:50.95\00:15:55.18
money is our
dividing line between a will
00:15:55.25\00:15:58.72
and a trust as to
how much money I have
00:15:58.82\00:16:00.96
versus a will or a
trust. - Well, the key
00:16:01.02\00:16:04.06
thing is if there's
property in the estate.
00:16:04.13\00:16:06.90
If there's property,
almost always, you need
00:16:06.96\00:16:10.93
a trust to avoid
probate. If there's no
00:16:10.97\00:16:14.14
property, then
there's some states where it's
00:16:14.24\00:16:17.71
100,000 or less; each
state has its own dividing
00:16:17.77\00:16:23.11
line as to how much
your estate is worth
00:16:23.21\00:16:25.65
whether you need to
have the court involved
00:16:25.71\00:16:28.52
or not. - Okay,
take us through doing a
00:16:28.58\00:16:32.85
trust from the time
that you receive the
00:16:32.89\00:16:35.62
document. What
happens? People are waiting
00:16:35.72\00:16:38.96
on their document
to come back. What are
00:16:38.99\00:16:41.83
you doing to prepare
their document? - Well,
00:16:41.90\00:16:44.63
I review all the
documents or review
00:16:44.70\00:16:46.03
what their wishes
are... If there's a problem,
00:16:46.07\00:16:48.10
they talk to them
and see what I can do to
00:16:48.17\00:16:51.01
resolve any issues
that there may be. I create
00:16:51.11\00:16:55.01
the documents,
send them back to 3ABN
00:16:55.14\00:16:57.15
typically, and then
they send them onto the
00:16:57.18\00:16:59.61
donors or the trustors, then the
00:16:59.75\00:17:06.39
signatures are
done, and basically...
00:17:06.49\00:17:08.89
- That's it? -
Yeah, that's it. - I have
00:17:08.99\00:17:11.23
a question,
though. There are revocable
00:17:11.29\00:17:15.33
trusts and
irrevocable trusts. What do we-
00:17:15.40\00:17:19.07
- We promote
revocable trust here. - So you
00:17:19.17\00:17:22.90
gain control? - Well, we
do self-administered trust
00:17:22.97\00:17:27.31
here, which means
the individual that wants
00:17:27.41\00:17:30.15
to do a trust or
the husband and spouse
00:17:30.21\00:17:32.31
doing a trust were
doing self-administered,
00:17:32.41\00:17:35.18
that means they are
in control. If they want
00:17:35.25\00:17:39.55
to do something,
they have the authority
00:17:39.65\00:17:42.16
to go ahead. They
are actually the trustee.
00:17:42.19\00:17:44.06
In some states-
the reason we chose to
00:17:44.16\00:17:48.00
go this route,
there are some states in
00:17:48.06\00:17:50.57
the country where
people will lose their
00:17:50.63\00:17:53.87
homestead exemption
if they do a regular
00:17:53.97\00:17:57.91
revocable trust. A
self-administered trust
00:17:57.97\00:18:02.48
takes them out of
that problem and homestead
00:18:02.54\00:18:08.12
exemption is not
lost because they are
00:18:08.18\00:18:12.12
still the trustee.
- Which is important,
00:18:12.22\00:18:16.02
especially today
with taxes going up right
00:18:16.09\00:18:18.03
and left. If you are
a senior citizen, you
00:18:18.13\00:18:21.56
can come under
that category of them
00:18:21.63\00:18:23.57
fixing it. - That's
right. - And so, that
00:18:23.67\00:18:26.33
does make a difference.
Otherwise, I mean, those
00:18:26.40\00:18:29.24
taxes could continue
to go up and you have
00:18:29.30\00:18:31.17
no control on it anyway. - Now,
00:18:31.21\00:18:33.27
I want to take
just a second, because
00:18:33.31\00:18:34.64
from the outside
looking in, we're
00:18:34.68\00:18:36.78
going to focus
on what you've done.
00:18:36.85\00:18:38.21
One of the things
that you said, attorney, is
00:18:38.25\00:18:41.08
if you have property- at
that point, think trusts.
00:18:41.18\00:18:45.42
I'm trying to draw a
line here so that those-
00:18:45.49\00:18:47.56
if you don't have
a lot of cash but you
00:18:47.66\00:18:50.43
do have property,
house, land, then think trusts
00:18:50.49\00:18:53.09
because that simplifies
it and makes it a little
00:18:53.16\00:18:54.86
easier for you to
work with. So if you have
00:18:54.93\00:18:57.27
property, that's
the bottom line. Think
00:18:57.33\00:18:59.17
trusts at that
point as opposed to will.
00:18:59.20\00:19:00.87
Do I understand
you correctly? - That's
00:19:00.90\00:19:02.97
pretty much correct.
- Okay. - If you have
00:19:03.04\00:19:06.27
property-... Actually,
a lot of the estate value-
00:19:06.37\00:19:10.65
the dividing line
goes down. If you have
00:19:10.75\00:19:13.72
property that's
worth almost anything, then
00:19:13.78\00:19:16.25
in some states,
you're going to have to do
00:19:16.32\00:19:17.95
a probate if you
only have a will for it.
00:19:18.05\00:19:20.19
That's why you need to
think trust if you have
00:19:20.26\00:19:23.63
property. - Save
time, money, hassle, and you
00:19:23.73\00:19:27.33
get your wishes done.
- Now, we have questions
00:19:27.40\00:19:31.93
back on the will
side. People will call and
00:19:32.00\00:19:35.27
say, "Can't we do a
will on our own? Can't
00:19:35.30\00:19:39.34
we go online and
find a document to do a
00:19:39.47\00:19:41.84
will?" What are
your thoughts on that?
00:19:41.88\00:19:45.75
- You could do that,
but it's very generic and
00:19:45.81\00:19:50.09
it's- I don't recommend
that because it doesn't
00:19:50.19\00:19:54.62
personalize your
particular situation.
00:19:54.72\00:19:59.46
Particularly, there
are some blanks you can
00:19:59.49\00:20:02.13
find and say, "I want
this to this person or
00:20:02.20\00:20:04.83
this to that person,"
online and just print it
00:20:04.90\00:20:07.24
out and do that, but
it can be awkward for
00:20:07.34\00:20:10.81
whoever's running your-
doing your distribution,
00:20:10.91\00:20:15.08
the executor, and
you really need something
00:20:15.14\00:20:19.51
that's personalized
to you. If you have any
00:20:19.61\00:20:22.55
questions on it,
it's personalized to your
00:20:22.62\00:20:24.29
situation to make it
the smoothest transition
00:20:24.39\00:20:26.32
that you want. - And
one of the advantages
00:20:26.35\00:20:29.56
of doing a trust
is that 3ABN's usually
00:20:29.69\00:20:33.43
the successor
trustee. Once the person has
00:20:33.50\00:20:37.87
passed away, both
individuals-if it's a
00:20:37.93\00:20:40.47
joint trust- once they both pass
00:20:40.54\00:20:43.30
away, that allows
3ABN to come in immediately
00:20:43.37\00:20:48.28
and start
processing- start administering-
00:20:48.34\00:20:51.38
the trust. We don't
have to worry about going
00:20:51.45\00:20:54.25
to court and
getting the judges' OK to
00:20:54.32\00:20:57.52
do what we need to
do. The trust can be
00:20:57.65\00:21:01.12
administered from day
one. It usually takes a
00:21:01.19\00:21:05.19
period of time to
do it, but we can get
00:21:05.26\00:21:07.66
started right away.
- Exactly. That's the
00:21:07.73\00:21:09.83
benefits of a trust;
you get started right
00:21:09.90\00:21:11.43
away. If you go to
probate, I think the
00:21:11.50\00:21:14.10
minimum I've seen is
6 months. - You know,
00:21:14.20\00:21:18.01
I'm just thinking
when you said people say,
00:21:18.14\00:21:20.98
"Can't we do a
will ourselves?" You can
00:21:21.04\00:21:24.15
pull your own
teeth, too, if you want.
00:21:24.21\00:21:26.61
It's something
that- first of all-and I'm
00:21:26.72\00:21:31.72
sure, Wes, you
can agree with this-
00:21:31.82\00:21:34.12
is that when we're
talking with young couples
00:21:34.22\00:21:38.59
where with we're doing,
say, premarital counseling.
00:21:38.69\00:21:41.46
We tell them to sit
down and write a will.
00:21:41.56\00:21:44.50
It's so important
to write a will. People
00:21:44.57\00:21:48.97
think that's only
for older people, but
00:21:49.04\00:21:51.31
young people need a
will, especially if you
00:21:51.44\00:21:54.44
have children, you
need to be saying where
00:21:54.51\00:21:56.28
they're going to
go. You may not have any
00:21:56.34\00:21:58.45
assets, but what
if you were in a car
00:21:58.48\00:22:00.82
accident and
your estate receives
00:22:00.88\00:22:04.22
$250,000 as a
payoff on that accident;
00:22:04.32\00:22:10.79
what's going to
happen to it? Wills are
00:22:10.86\00:22:13.03
very important and it
doesn't- it's not just
00:22:13.13\00:22:15.46
something for an old
person. But what we've
00:22:15.53\00:22:18.13
done-and thank you
all for the education
00:22:18.20\00:22:21.44
you've been
giving all of us-is that-
00:22:21.50\00:22:23.77
- You've been listening.
- We've been listening!
00:22:23.87\00:22:26.64
I just wish we'd
done it a whole lot sooner
00:22:29.04\00:22:31.15
than we did do it.
My grandfather lost
00:22:31.21\00:22:34.88
a fortune during the
Great Depression. When
00:22:34.95\00:22:39.59
Walmart- when
Walmart? When the stock market-
00:22:39.69\00:22:43.89
where did Walmart
come from? When the stock
00:22:43.96\00:22:46.19
market crashed, he
lost a fortune and he would
00:22:46.26\00:22:48.76
never put another
penny into the stock market.
00:22:48.80\00:22:52.17
He put his money into
real estate after that.
00:22:52.23\00:22:55.40
So, I've always been a
little leery, quote and
00:22:55.50\00:23:01.01
quote, of "playing
the stock market" is what
00:23:01.04\00:23:04.01
he called it, and
we unfortunately had a
00:23:04.08\00:23:07.88
business partner who
put us seriously into
00:23:07.95\00:23:10.75
debt. So, we began
late in our planning for
00:23:10.85\00:23:15.06
retirement, if you
will; but what we've
00:23:15.12\00:23:17.79
done is, we had
some money in the bank
00:23:17.86\00:23:20.50
and we were getting
0.25% interest-something like
00:23:20.60\00:23:25.13
that-for years.
Molly kept telling me, "You
00:23:25.23\00:23:29.30
need to do a cash
trust! We're gettin' nearly
00:23:29.40\00:23:31.17
5% on our money!"
And so we looked into it
00:23:31.24\00:23:33.84
and it was like,
"Wow!" so we transferred
00:23:33.91\00:23:37.25
the money into a
cash trust, and it's been
00:23:37.35\00:23:41.18
amazing the return
that we get on that cash
00:23:41.28\00:23:43.65
trust with 3ABN.
The way we set ours up,
00:23:43.79\00:23:47.76
there are four primary
beneficiaries; 3ABN gets
00:23:47.82\00:23:54.63
25%. What we
wanted to make sure was
00:23:54.70\00:23:57.23
no matter what
happens, as people die off, it's
00:23:57.33\00:24:01.20
going to be
equally divided among these
00:24:01.30\00:24:04.17
4. There's only 3
left is equally divided
00:24:04.27\00:24:07.48
among those 3 if
somebody else dies off first.
00:24:07.54\00:24:10.05
I mean, that's the
way we set it up. But now
00:24:10.11\00:24:12.68
what we're doing is
setting up a property
00:24:12.71\00:24:14.75
trust and that was important to
us-a self-administered property
00:24:14.85\00:24:19.05
trust-and we want to put-
we got some land and we've got
00:24:19.15\00:24:22.09
a home that we want
to go entirely to 3ABN.
00:24:22.16\00:24:26.13
We have a few
inherited assets that- that
00:24:26.19\00:24:29.06
inheritance cost us
money; it was the family
00:24:29.13\00:24:32.03
farm. That will go
to our family; we're
00:24:32.13\00:24:35.60
going to keep that
into the family, but
00:24:35.70\00:24:37.67
then our home here and
the little land that we
00:24:37.74\00:24:39.97
own here, we want that
to go entirely to 3ABN.
00:24:40.04\00:24:43.11
I think you work hard
and it is very important
00:24:43.18\00:24:50.55
to us. What we
have found is when Jesus
00:24:50.62\00:24:53.69
said, "Lay up
treasures in heaven-not here on
00:24:53.76\00:24:58.03
earth," it is
very important to us
00:24:58.09\00:25:00.60
that God's work continues
on and whatever God has
00:25:00.66\00:25:06.70
entrusted us with, we
feel that it's something
00:25:06.77\00:25:10.87
that we don't feel
that our relatives would
00:25:10.94\00:25:14.28
necessarily help the
work of God continue.
00:25:14.34\00:25:17.61
Can I say that? Is
that okay? - Well, you did.
00:25:17.71\00:25:21.25
[laughter] - Well,
what I'm saying is,
00:25:21.28\00:25:24.22
that's not a
priority in their mind. So,
00:25:24.29\00:25:28.32
rather than risk
having the money that God has
00:25:28.46\00:25:33.96
given to us-the
funds or the property that
00:25:34.03\00:25:36.16
God has given to
us- rather than risk
00:25:36.23\00:25:38.37
that going somewhere
and just being spent on
00:25:38.43\00:25:41.87
secular goods, we want
to take control of that
00:25:41.90\00:25:45.34
and make sure that
3ABN- and all of our money,
00:25:45.41\00:25:49.54
all of our
property, that's already had
00:25:49.61\00:25:50.95
a tithe paid on it.
The rest of it, we're
00:25:51.05\00:25:55.42
leaving to 3ABN. -
And we appreciate that.
00:25:55.48\00:25:57.85
We appreciate
everybody that has a burden
00:25:57.89\00:26:00.39
for the ministry,
and especially 3ABN. 3ABN
00:26:00.46\00:26:04.76
has been around...34
years? - Just shy of. - Just shy
00:26:04.86\00:26:09.36
of 34, and this type
of looking towards the
00:26:09.46\00:26:16.74
ministry with
your finances has kept
00:26:16.84\00:26:19.44
this ministry
solid. There are times when
00:26:19.51\00:26:23.18
we wonder where the
funds are coming from,
00:26:23.28\00:26:25.28
but I call it
long-term investment when
00:26:25.38\00:26:29.45
people do a trust
because we never know when
00:26:29.55\00:26:32.99
their life comes
to an end. It could be
00:26:33.15\00:26:39.29
short and it could
be long-term; but when
00:26:39.39\00:26:41.46
they pass away,
that money comes to 3ABN
00:26:41.53\00:26:44.87
just in time-just
when we need it. - Now,
00:26:44.93\00:26:47.80
what really catches
my attention, #1) I was
00:26:47.90\00:26:50.21
raised in a family
that believed in giving
00:26:50.27\00:26:54.64
God what He
requested, so it was a pattern
00:26:54.74\00:26:59.65
that we've
followed most of our lives.
00:26:59.68\00:27:02.48
It's also very
important- this is another
00:27:02.55\00:27:05.75
important point
for young people that
00:27:05.79\00:27:10.86
are looking for someone
to spend their life with
00:27:10.93\00:27:13.16
being equally yoked,
is that we are equally
00:27:13.23\00:27:16.03
yoked in what we
decide what we want
00:27:16.13\00:27:18.50
to do to help
further the kingdom of-
00:27:18.57\00:27:20.00
but what I really
believe is evangelism
00:27:20.10\00:27:24.87
and I am very
fortunate that I get to work in
00:27:24.97\00:27:28.24
pastoral ministries
here. I get to talk to
00:27:28.31\00:27:31.01
people daily that this
Word is going into their
00:27:31.08\00:27:35.25
home and touching
their hearts and they're
00:27:35.28\00:27:39.29
growing. They call
in, "Where is the local
00:27:39.35\00:27:42.79
Seventh-Day Adventist
church? Why should I do
00:27:42.89\00:27:45.89
this? Why shouldn't
I do that?" So I see
00:27:45.96\00:27:48.23
the funds that are
coming in to help keep this
00:27:48.30\00:27:50.90
ministry alive,
producing fruit out
00:27:50.97\00:27:53.67
there. I mean, I
actually get to experience
00:27:53.70\00:27:56.47
part of that. To
us, that's a no-brainer
00:27:56.54\00:27:59.91
because that's where
we want to contribute is
00:28:00.01\00:28:03.11
we want to see
evangelism continue
00:28:03.14\00:28:05.51
to go out. We choose
to believe that we're
00:28:05.58\00:28:07.82
living in the last days
of this earth's history.
00:28:07.88\00:28:09.82
It's important that
people ARE fed, and that's
00:28:09.88\00:28:14.89
the gift of 3ABN. It
goes into people's homes,
00:28:14.96\00:28:17.93
it goes into people's
offices, anybody that's
00:28:17.99\00:28:21.00
hungry gravitates to
the Word immediately.
00:28:21.03\00:28:24.47
- It's exciting
for me. Of all the jobs
00:28:24.57\00:28:27.47
I've had in my career,
it's exciting still. I've
00:28:27.54\00:28:31.71
been starting my
9th year here at 3ABN.
00:28:31.77\00:28:34.98
It's still exciting
to hear calls from our
00:28:35.04\00:28:37.48
viewers and
listeners. - Amen. - They will
00:28:37.58\00:28:41.75
call in, excited about
wanting to do something
00:28:41.82\00:28:44.15
for 3ABN. "How
can I help 3ABN?" And
00:28:44.22\00:28:47.02
to be able to
explain what we're explaining
00:28:47.12\00:28:49.69
today on the
phone, I get goosebumps
00:28:49.72\00:28:53.96
and it never ends
because of the excitement.
00:28:54.00\00:28:57.30
We hear people
that, because they were
00:28:57.37\00:29:00.27
just converted to
the church, they want
00:29:00.34\00:29:05.54
to do something immediately, and
00:29:05.61\00:29:08.14
that's exciting for
me. That's one of the
00:29:08.21\00:29:10.11
benefits I get
from working at 3ABN.
00:29:10.18\00:29:12.18
- So let me understand
this. I make a decision
00:29:12.25\00:29:13.82
that, hey, this
catches my attention,
00:29:13.92\00:29:15.78
so we call the
trust department. Someone
00:29:15.88\00:29:18.35
at the trust department
then gets on the line,
00:29:18.42\00:29:20.16
talks with them, goes
visits them if necessary.
00:29:20.19\00:29:23.12
Okay, then let's
say, hey, yes; I want
00:29:23.16\00:29:26.09
to do that self-administered
trust-that property trust. Now,
00:29:26.13\00:29:31.80
say that you go visit
them. "How you doin', JD?
00:29:31.87\00:29:34.24
That's good; I'm
glad that y'all've come
00:29:34.27\00:29:35.64
to this decision. I
think that this decision
00:29:35.67\00:29:38.21
will help add people
to the kingdom of God."
00:29:38.27\00:29:41.31
And now, I
signed something. So we
00:29:41.38\00:29:44.98
agree to agree
'cause I signed something.
00:29:45.05\00:29:49.12
Now, it goes to
Wes. Wes looks it over.
00:29:49.18\00:29:52.72
First thing he wants to
know, does he really have that?
00:29:52.79\00:29:55.49
So, I guess- an
abstract or whatever needs
00:29:55.56\00:29:57.89
to be part of
that package. - He's
00:29:57.96\00:30:00.00
assuming, based
on the information
00:30:00.10\00:30:02.13
that we give to
him, that you have what
00:30:02.20\00:30:05.07
you say you have.
- Okay. And so now,
00:30:05.20\00:30:07.74
do we have an
agreement then when you and I
00:30:07.77\00:30:11.01
sign or do I sit
here and wait for 6 months
00:30:11.07\00:30:13.54
for this to be
processed and then something
00:30:13.61\00:30:15.84
could happen in the
meantime and it just
00:30:15.91\00:30:17.85
got left out in
the rain some time.
00:30:17.91\00:30:20.55
- The average time,
I would say, is about
00:30:20.58\00:30:21.92
6 months from the
time- we set- 6 weeks.
00:30:21.95\00:30:25.72
6 weeks. Excuse
me, Wesley! [laughter]
00:30:25.79\00:30:31.89
6 weeks for the
turnaround. Wesley
00:30:32.99\00:30:36.70
prepares the
document, comes back to you, and
00:30:36.73\00:30:40.44
if you're happy with
it, you sign it and it's
00:30:40.50\00:30:42.80
legal at that
point. If you're not happy
00:30:42.87\00:30:46.07
with it, you say,
"I need some changes."
00:30:46.17\00:30:48.81
You can change
it. Now, speaking of
00:30:48.88\00:30:52.61
changes. You have a
revocable trust. You
00:30:52.68\00:30:56.15
can make a
change anytime you want
00:30:56.22\00:30:59.15
while you're living
except if you become
00:30:59.22\00:31:03.26
incapacitated.
Wesley, can you tell us what
00:31:03.32\00:31:07.13
incapacitation means
in the way of a trust?
00:31:07.23\00:31:10.37
- Typically, when
a doctor says that
00:31:10.47\00:31:12.40
you're not able to
make your own decisions.
00:31:12.47\00:31:14.44
The way that the
trusts are written
00:31:14.50\00:31:17.37
is that if your
doctor says that you are not
00:31:17.44\00:31:19.51
able to make
these decisions on your
00:31:19.61\00:31:21.84
own, then you're
incapacitated. At
00:31:21.94\00:31:24.38
that point, the way
your trust is doesn't
00:31:24.45\00:31:27.15
change. But then if
you regain your capacity,
00:31:27.22\00:31:30.12
then you can go ahead and
change it again. - Right. So
00:31:30.19\00:31:32.55
that's the only time
that it becomes irrevocable
00:31:32.65\00:31:35.99
is at the time
you're incapacitated. - Does
00:31:36.06\00:31:39.29
the doctor have
to sign something so
00:31:39.39\00:31:41.03
that there's an
official statement coming from
00:31:41.06\00:31:43.50
the doctor that's
part of the package as far
00:31:43.57\00:31:45.43
as when if you're
incapacitated, there's
00:31:45.47\00:31:48.20
something that
someone could say, "Well,
00:31:48.24\00:31:49.64
the doctor says he's
incapacitated. I want
00:31:49.70\00:31:51.11
to take care of this"
kind of thing. - Yeah,
00:31:51.17\00:31:53.31
you need a record to
say, "This is in record."
00:31:53.41\00:31:55.84
That's what's
occurred that the individual
00:31:55.91\00:32:01.15
does not have
the capacity to make
00:32:01.22\00:32:03.69
those decisions. -
You know, some things
00:32:03.75\00:32:06.62
on my mind I just
want to say before I forget
00:32:06.72\00:32:08.46
is you mentioned
about people who wanted to
00:32:08.52\00:32:12.39
do their own
wills or perhaps they go
00:32:12.46\00:32:14.50
somewhere else. If
you go to an attorney,
00:32:14.60\00:32:17.40
you can pay out a
nice little fee for a
00:32:17.47\00:32:21.64
will or especially
for a trust. You can pay
00:32:21.70\00:32:24.37
out a nice little
fee. What do we charge
00:32:24.44\00:32:26.68
for wills and
trusts? - We don't charge a
00:32:26.71\00:32:29.28
dime. - That's why.
We need to advertise
00:32:29.31\00:32:32.31
that because- -
We talk about it all
00:32:32.38\00:32:34.68
the time and you got
ahead of me, and that's
00:32:34.72\00:32:37.49
fine. You're the
person that we're looking
00:32:37.55\00:32:41.59
towards to do
something with 3ABN the way
00:32:41.69\00:32:45.33
of a trust, so
that's a good question. How
00:32:45.39\00:32:48.03
much is it going
to cost me? Absolutely
00:32:48.10\00:32:50.43
nothing. For the
preparation, for the
00:32:50.50\00:32:53.13
deed preparation...
Recording the deed
00:32:53.23\00:32:57.74
is up to the
individual that is doing the
00:32:57.81\00:33:00.44
trust, but the
major expense of doing a
00:33:00.51\00:33:03.18
trust is covered by
3ABN. - Amen! - That's an
00:33:03.28\00:33:08.02
important selling
point. Years ago, there was
00:33:08.12\00:33:11.05
this push on
television- it was kind of like
00:33:11.09\00:33:13.46
will in a box. You
just order this box
00:33:13.52\00:33:16.06
and you filed
some papers and you
00:33:16.12\00:33:17.46
got this will done,
but it was being challenged
00:33:17.49\00:33:19.49
in court by other
family members because
00:33:19.59\00:33:22.53
you had this will
in a box, sometimes
00:33:22.60\00:33:24.03
signed; sometimes
unsigned, sometimes notarized,
00:33:24.17\00:33:26.57
sometimes not
notarized. Of course, any time
00:33:26.63\00:33:29.24
you get challenged,
you get people making
00:33:29.30\00:33:31.47
money on your money,
trying to defend your
00:33:31.57\00:33:33.68
case, so the
idea that 3ABN absorbs
00:33:33.78\00:33:37.05
that cost is, to
me, a great inducement
00:33:37.11\00:33:40.05
to get something done
official that will take
00:33:40.12\00:33:43.18
care of your needs and
your desires once you've
00:33:43.28\00:33:44.92
passed on. - Now,
we need to move on
00:33:44.99\00:33:47.56
just a bit; our
time is getting short. We
00:33:47.59\00:33:50.86
talked about wills
and trusts. If there
00:33:50.93\00:33:54.20
are any questions
from anyone that's
00:33:54.26\00:33:56.73
viewing or
listening, please call us. We're
00:33:56.83\00:33:59.47
willing to talk
to you at any time.
00:33:59.53\00:34:02.84
You can ask the same
question several times.
00:34:02.87\00:34:04.91
We want to make
sure you understand it
00:34:04.97\00:34:07.94
'cause we don't want you to
be in the dark when you go into
00:34:08.01\00:34:10.25
a trust. - The next item I want
00:34:10.31\00:34:14.45
to bring up- - What's the phone
00:34:14.55\00:34:15.88
number that they
should call? - It is:
00:34:15.92\00:34:17.72
That's right at the
bottom of the screen there.
00:34:22.26\00:34:24.23
We appreciate
that. We are open Monday
00:34:24.36\00:34:27.33
through Thursday.
We're never open on Friday,
00:34:27.40\00:34:29.83
Saturday, or Sunday.
So those 4 days, we're
00:34:29.86\00:34:33.54
willing to take
your calls. Annuities.
00:34:33.67\00:34:37.41
Charitable gift
annuities. This is another form
00:34:37.51\00:34:41.54
of helping 3ABN. It
is investing in 3ABN,
00:34:41.64\00:34:47.95
and when you do
that, you get an interest
00:34:48.05\00:34:50.99
payment on a
monthly basis or a quarterly
00:34:51.05\00:34:54.82
basis depending on
how much you actually
00:34:54.92\00:34:57.26
put into the annuity.
Annuity is an irrevocable
00:34:57.36\00:35:02.16
document. I want
to be very clear on
00:35:02.30\00:35:04.97
that. It's
irrevocable. The money that you
00:35:05.03\00:35:09.87
put in, say- I
always use $100,000. It can
00:35:09.94\00:35:13.68
be less; the
minimum is 5,000, but I use
00:35:13.78\00:35:16.44
100,000 as just
a round figure. Is
00:35:16.51\00:35:20.12
that round enough
for you? [laughter]
00:35:20.18\00:35:24.75
That money is
invested and we pay you based
00:35:26.79\00:35:31.79
on your age at the
time that you purchase
00:35:31.89\00:35:34.36
the annuity. Once
you bought that annuity,
00:35:34.43\00:35:38.40
you get that same
interest rate for the
00:35:38.47\00:35:41.30
rest of your life.
3ABN is obligated to pay
00:35:41.37\00:35:45.24
that money for
as long as you live.
00:35:45.31\00:35:48.14
Based on your age-
we just had an increase
00:35:48.21\00:35:53.72
in what we pay-
the interest payments
00:35:53.75\00:35:57.65
that we make.
Starting July 1st of 2018,
00:35:57.75\00:36:02.69
the rates will go up
at about half a percent.
00:36:02.72\00:36:05.69
So, if you're 70
years old, you're going to
00:36:05.76\00:36:09.00
earn 5.6% for the
rest of your life.
00:36:09.06\00:36:13.07
You know that
payment's going to be consistent
00:36:13.17\00:36:14.87
every single month
or quarter depending on
00:36:14.97\00:36:18.21
how much that you
put in. If you put in
00:36:18.27\00:36:21.11
$50,000 or less,
we pay on a quarterly
00:36:21.14\00:36:25.28
basis. Now, you
might twist my arm a little
00:36:25.38\00:36:29.35
bit and say, "I need
it monthly," and I'll
00:36:29.45\00:36:32.89
probably
acquiesce. We want to make you
00:36:32.92\00:36:36.93
happy. But at the
same time, administrative
00:36:36.99\00:36:39.79
costs are such
that a quarterly payment
00:36:39.83\00:36:43.43
works best for 3ABN
for anything under 50,000.
00:36:43.50\00:36:48.80
Anything over, you
put in 100,000, you're
00:36:48.94\00:36:51.97
going to get paid
on a monthly basis.
00:36:52.04\00:36:54.71
Now, you can have a
single annuity, which
00:36:54.74\00:36:57.91
is just one person,
or you can have a joint
00:36:57.98\00:37:00.98
annuity with
your spouse or a child
00:37:01.08\00:37:06.19
that is old enough
that it would make sense
00:37:06.32\00:37:09.39
to do an annuity.
And I say, "make sense,"
00:37:09.46\00:37:12.59
because really, at
age 65 is kind of where
00:37:12.66\00:37:16.53
it makes sense to
do an annuity. If you
00:37:16.63\00:37:19.87
did it any earlier,
your percentage would
00:37:19.93\00:37:22.14
be a lot less and
we don't want to tie
00:37:22.20\00:37:24.24
you into something
that may be a 3% interest
00:37:24.31\00:37:27.51
payment for the rest
of your life. We say 65
00:37:27.58\00:37:31.91
is the limit. Now,
what happens to that money
00:37:32.01\00:37:36.75
when you pass
away? If you're single,
00:37:36.85\00:37:40.96
as quick as you
pass away, 100% of the
00:37:41.02\00:37:44.83
money comes to
3ABN. Whatever's left in
00:37:44.89\00:37:48.03
that account. If
it's a joint account,
00:37:48.10\00:37:51.57
one spouse passes
away, then the surviving
00:37:51.63\00:37:56.57
spouse continues
to receive the payment
00:37:56.67\00:37:58.64
until they pass
away. When that happens,
00:37:58.74\00:38:02.48
then what's left
comes to 3ABN. You get a
00:38:02.51\00:38:05.61
tax deduction. Most of
your payment is tax free.
00:38:05.71\00:38:10.29
So, there's an
incentive to do a tax to
00:38:10.35\00:38:14.29
charitable gift
annuity. But remember,
00:38:14.39\00:38:17.66
in doing it,
it's irrevocable. If
00:38:17.76\00:38:20.63
you put your money
in, you cannot get it
00:38:20.70\00:38:23.03
out. You get your
interest payment on
00:38:23.10\00:38:26.07
a regular basis.
Some people get confused
00:38:26.20\00:38:29.60
with that. They
think they can draw out
00:38:29.70\00:38:31.67
and they cannot. So,
that is something that
00:38:31.74\00:38:37.15
helps 3ABN. We did a
lot of charitable gift
00:38:37.21\00:38:39.71
annuities years
ago, and as time's gone
00:38:39.78\00:38:44.55
along, the interest
rates have not changed
00:38:44.62\00:38:47.86
a lot. Usually,
when an interest rate
00:38:47.92\00:38:49.96
goes up, everybody
wants one. We haven't
00:38:50.03\00:38:52.93
had a change since
2012. July 1st 2018 then
00:38:52.99\00:39:01.40
interest rates our
going up. So, after July
00:39:01.44\00:39:05.34
1st, give us a
call and we'll work with
00:39:05.41\00:39:07.48
you. - I think that
what we're talking about
00:39:07.54\00:39:12.45
today is estate
planning for eternity. It's
00:39:12.51\00:39:16.75
something that, to
us, to JD and I-and as you
00:39:16.85\00:39:23.12
said, I'm so glad
we're equally yoked
00:39:23.19\00:39:24.53
on this-but
supporting the work of the Lord
00:39:24.56\00:39:28.26
is incredibly
important to us. We're so
00:39:28.36\00:39:30.90
blessed to be
here and to be able to
00:39:30.93\00:39:33.34
have a life of
purpose that- that's a great
00:39:33.40\00:39:37.27
blessing! But it
is our privilege to
00:39:37.31\00:39:40.54
support God's work
here and to support the
00:39:40.58\00:39:43.01
general conference
with our tithe, and
00:39:43.08\00:39:45.81
we give our local
church the offering. But to
00:39:45.91\00:39:48.48
me, it's something
that gives me such a-
00:39:48.58\00:39:54.06
you know, as you
grow older and begin to
00:39:54.16\00:39:57.86
contemplate your
own mortality-you know,
00:39:57.89\00:40:01.53
we don't put on
immortality till that
00:40:01.60\00:40:03.37
last trump as according
to 1 Corinthians 15:53.
00:40:03.43\00:40:06.77
But you contemplate
the idea of, "Whoops!
00:40:06.87\00:40:10.44
How many more good
years do I have left?
00:40:10.54\00:40:12.31
Whoops! How many
years do I have left?"
00:40:12.41\00:40:14.51
It is so
wonderful to know that what
00:40:14.61\00:40:19.71
your life's efforts
have gone toward, what you've
00:40:19.78\00:40:23.55
accumulated, what God
has entrusted to you as a
00:40:23.59\00:40:27.22
steward, to know that
you can still play a part
00:40:27.36\00:40:31.63
after you're gone
that there are still going
00:40:31.69\00:40:35.36
to be souls who
are won to the kingdom
00:40:35.46\00:40:38.33
by the message
that's going forward over
00:40:38.43\00:40:41.00
the air. That's
what motivates us.
00:40:41.07\00:40:43.27
- Amen. - We talk
about the term 'legacy.'
00:40:44.67\00:40:47.94
What do we leave?
You can live your life
00:40:48.04\00:40:52.28
for your life, for
your family, and of course
00:40:52.38\00:40:54.65
you need to support
your family, but the
00:40:54.75\00:40:56.55
idea that
there's something bigger
00:40:56.62\00:40:58.09
that needs to be
supported-there's
00:40:58.19\00:40:59.95
something grander
that you can tie yourself
00:41:00.02\00:41:03.46
into that you can
align yourself with
00:41:03.53\00:41:05.73
that has bearing upon the future
00:41:05.79\00:41:10.10
of humanity. Now,
that's very big and
00:41:10.17\00:41:12.03
very grandiose, but
it is all very true that
00:41:12.10\00:41:14.87
what we do, what
one little person with
00:41:14.97\00:41:17.61
God's blessing
and dedication to the
00:41:17.64\00:41:23.28
Lord, can do to
prolong the reach of the gospel
00:41:23.38\00:41:27.88
to the world is-
first of all, it's
00:41:27.95\00:41:32.75
heady, but it's
also something that
00:41:32.82\00:41:34.66
ought to direct
how you live your life
00:41:34.76\00:41:36.89
so that these kinds
of ministries can go on
00:41:36.99\00:41:39.79
and do the work of
the Lord long-term.
00:41:39.86\00:41:41.86
- Amen. - And this
would be a good time
00:41:41.93\00:41:43.30
to mention- guess
we've talked about what
00:41:43.37\00:41:46.13
you can do for 3ABN.
We also want to include
00:41:46.23\00:41:51.54
the family in what we
do. I feel like God says
00:41:51.61\00:41:57.15
we need to be
prudent in what we do for our
00:41:57.25\00:41:59.81
family and for
3ABN. Our minimum- when
00:41:59.91\00:42:03.79
you do a trust, a minimum of 25%
00:42:03.85\00:42:08.36
only when you pass
away, that money doesn't
00:42:08.42\00:42:11.36
come to 3ABN before
that time; but when you
00:42:11.43\00:42:14.20
pass away- when both,
if there's a surviving
00:42:14.26\00:42:17.93
spouse, when the surviving
spouse passes away, then
00:42:17.97\00:42:20.97
we go to work on the
trust, a minimum of 25%
00:42:21.04\00:42:25.41
comes to us after
everything is completed.
00:42:25.47\00:42:27.94
You can give 100%
if you want, but we
00:42:27.98\00:42:31.18
say 25%. We always
say it's between you
00:42:31.25\00:42:34.62
and God. Once you
make that decision, we're
00:42:34.68\00:42:38.45
here to
facilitate your wishes. We
00:42:38.59\00:42:41.56
encourage family
participation because
00:42:41.66\00:42:46.63
a lot of times,
children feel like the
00:42:46.70\00:42:50.87
ministry was taken-
was thought of before
00:42:50.93\00:42:55.47
them. In some
cases, they were, and we
00:42:55.50\00:42:59.37
want to avoid
any possibility of a
00:42:59.41\00:43:02.74
family issue. We're
not here to divide families
00:43:02.84\00:43:06.92
in any way. We want
the families to be kept in
00:43:07.02\00:43:10.72
mind in the planning
process. - This sounds
00:43:10.82\00:43:15.72
like- I've heard
you say, Roy, many
00:43:15.82\00:43:17.53
times, that- at
boarding meeting-
00:43:17.59\00:43:18.93
and Shelley touched
on this before-the idea
00:43:18.96\00:43:20.73
that if you have 3
children, make 3ABN
00:43:20.80\00:43:23.93
that fourth, and then
divide that forward so that
00:43:23.97\00:43:26.17
the children are not
feeling 3ABN's getting
00:43:26.23\00:43:28.47
everything and
we're getting nothing, but
00:43:28.54\00:43:30.77
divide it equally so
that everybody is fine
00:43:30.91\00:43:33.54
with their
portion. That's the kind of
00:43:33.61\00:43:35.71
nice, quick way to do
that. - Yes. So, we get
00:43:35.78\00:43:39.28
involved in many
situations that probably
00:43:39.31\00:43:44.95
could've been
avoided if the children were
00:43:45.02\00:43:46.79
involved in the
process from the get-go.
00:43:46.89\00:43:49.76
So, we always encourage families
00:43:49.79\00:43:51.99
to be a family and
talk about what Mom
00:43:52.13\00:43:54.83
and Dad are going
to be doing. - I would
00:43:54.90\00:43:57.93
assume that also
is very beneficial in
00:43:58.00\00:44:00.87
the family setting
to have an advocate or
00:44:00.94\00:44:03.91
who you're working
through that's going to
00:44:03.94\00:44:06.14
represent you
upon your demise rather
00:44:06.21\00:44:08.81
than it just shows
up in a will someplace,
00:44:08.88\00:44:11.28
and then all of a
sudden, there could be
00:44:11.35\00:44:14.25
a war. But if
there's someone that says,
00:44:14.32\00:44:16.69
"Well, this is
your parents' wishes."
00:44:16.75\00:44:19.19
They're all involved,
so there's that person
00:44:19.22\00:44:22.92
there that's actually
representing you rather
00:44:23.02\00:44:25.79
than just dropping it out there.
00:44:25.86\00:44:27.76
- I need to touch
on another form of
00:44:27.83\00:44:31.87
investment. We have
a lot of things and I
00:44:31.93\00:44:35.47
don't want the eyes
to start glazing over
00:44:35.57\00:44:38.37
so much information.
That's why we say after
00:44:38.44\00:44:42.41
this program, if
you have questions, call
00:44:42.48\00:44:45.81
us and we'll
answer any questions that
00:44:45.88\00:44:49.42
you might have.
But a cash trust, you
00:44:49.48\00:44:52.72
touched on
earlier is another form of
00:44:52.79\00:44:55.59
investing with 3ABN.
In this particular case,
00:44:55.69\00:44:59.93
it's a revocable
document, which means
00:44:59.96\00:45:03.70
you own the money
and you can withdraw
00:45:03.80\00:45:07.30
from that account
if necessary. It's not
00:45:07.40\00:45:11.47
meant to be a
savings account where you
00:45:11.54\00:45:15.18
can withdraw all
the time. You can always
00:45:15.28\00:45:17.45
deposit any time
that you want. There's
00:45:17.51\00:45:20.18
never a problem. But
if you start withdrawing
00:45:20.28\00:45:22.55
on a regular
basis, it doesn't do you
00:45:22.58\00:45:26.59
any good to have it
here or it doesn't do 3ABN
00:45:26.65\00:45:29.52
because we have
to administer all of
00:45:29.62\00:45:31.73
that. That's-
we're not a bank. We're
00:45:31.79\00:45:34.83
a ministry. -
This is like a savings-
00:45:34.96\00:45:37.33
take your place
of a savings account,
00:45:37.40\00:45:40.27
I mean. - It does
take of the place,
00:45:40.34\00:45:41.67
but in a
savings account, you can
00:45:41.70\00:45:43.34
withdraw all the
time. We say here that
00:45:43.41\00:45:45.74
you can withdraw
on an emergency basis.
00:45:45.77\00:45:48.64
We don't say
what the emergency is.
00:45:48.74\00:45:51.75
People will use it
for paying their taxes
00:45:51.81\00:45:54.32
or if they had a
car accident, they
00:45:54.38\00:45:56.42
need to repair the car,
buy a new car, they want
00:45:56.55\00:46:00.29
to withdraw, that's
fine. That's not a problem.
00:46:00.39\00:46:03.02
But if that
happens on a regular basis,
00:46:03.06\00:46:05.36
then it's
probably best that you keep
00:46:05.46\00:46:08.86
the money in the
bank where you have quick
00:46:09.00\00:46:11.00
access to it.
The interest rate for
00:46:11.07\00:46:13.67
a cash trust-
it's not a guaranteed
00:46:13.74\00:46:16.44
interest rate.
However, since I've been here-
00:46:16.50\00:46:20.78
and I said I'm
starting my 9th year-we
00:46:20.84\00:46:23.68
have never paid
anything less than 4.2% on
00:46:23.78\00:46:27.82
a yearly basis. -
It's incredible. We just
00:46:27.88\00:46:32.29
absolutely- - I can remember one
00:46:32.35\00:46:34.72
year-one
month-in December, we paid
00:46:34.82\00:46:38.93
9% and Wesley
called me, 'cause he has a
00:46:39.03\00:46:44.30
cash trust with us
and he says, "Roy, you
00:46:44.40\00:46:47.24
made a mistake."
I said, "No, Wesley.
00:46:47.30\00:46:51.34
Merry Christmas."
That is what was actually
00:46:51.41\00:46:53.64
paid out that particular month.
00:46:53.71\00:46:56.44
Now, to arrive at
that 4.2%, what we do
00:46:56.54\00:47:00.58
is take 12 months
of interest that we
00:47:00.65\00:47:03.15
paid on a monthly
basis, divide that by
00:47:03.25\00:47:06.05
12, and that's what you
actually earned for that
00:47:06.15\00:47:09.66
year. - I'd like to
add that that has been
00:47:09.72\00:47:12.89
very stable and that
paid out at least 4%,
00:47:12.99\00:47:16.87
even through the
financial crisis that we had
00:47:16.97\00:47:19.20
in 2008, 2009, when
everything crashed. The mortgage
00:47:19.23\00:47:24.97
market was going
crazy; the cash trusts
00:47:25.07\00:47:28.04
kept paying along 4%.
- Here's what happened
00:47:28.14\00:47:31.85
in that
particular situation. Nobody
00:47:31.95\00:47:35.62
lost anything on
their principle. If you put
00:47:35.68\00:47:39.49
in
$100,000-that's my magic number
00:47:39.55\00:47:41.82
again-it should be
still there. If you
00:47:41.92\00:47:46.39
were earning an
interest rate that was higher,
00:47:46.46\00:47:49.03
you probably
didn't earn that same
00:47:49.10\00:47:51.43
interest rate; you
earned at a lower rate.
00:47:51.53\00:47:53.54
Nobody lost a
dime. - But still so much
00:47:55.57\00:47:57.34
more than what the banks
paid. - And I think that's the
00:47:57.44\00:48:00.04
bottom line, that the
bank can't touch those numbers
00:48:00.11\00:48:01.84
and those numbers
have been consistent for a
00:48:01.91\00:48:04.61
fairly long
period of time now. - And
00:48:04.68\00:48:06.98
we have many
bankers tell our respective
00:48:07.08\00:48:09.92
clients, "There's
no way a ministry can
00:48:09.98\00:48:11.95
pay you that kind
of money." And they
00:48:12.09\00:48:14.16
will try to confuse
our people that want to
00:48:14.26\00:48:17.59
do something. All
I say is, "Have those
00:48:17.69\00:48:20.86
people call me and
I will let them know
00:48:20.93\00:48:24.97
what actually
happens and how we invest and
00:48:25.00\00:48:27.64
how we pay that
money." The Lord is very good
00:48:27.70\00:48:30.97
to 3ABN. - Amen. -
He's done a wonderful
00:48:31.01\00:48:34.14
work for 3ABN; we're
working for Him. We're
00:48:34.21\00:48:39.11
spreading His
Word around the world,
00:48:39.18\00:48:41.68
so we're doing everything
we can to facilitate the
00:48:41.75\00:48:46.89
Second Coming of
our Lord. Something I
00:48:46.96\00:48:51.26
haven't touched on
that I definitely want to
00:48:51.33\00:48:55.06
mention is the IRA.
We get a lot of calls.
00:48:55.13\00:48:58.03
A couple of years
ago, the government
00:48:58.10\00:49:01.30
passed a new law
that was permanent which
00:49:01.40\00:49:05.34
says, "If you are 70 and a half,
00:49:05.47\00:49:08.14
you have an IRA;
you have to take a
00:49:08.21\00:49:10.88
required minimum
distribution on that IRA."
00:49:10.91\00:49:14.08
Whatever that
amount is, you have to take
00:49:14.18\00:49:16.92
it every year once
you turn 70 and a half.
00:49:16.99\00:49:20.12
What the
government said was that you
00:49:20.19\00:49:25.79
can donate that amount
and anything up to $100,000.
00:49:25.86\00:49:33.20
It has to be a
straight donation to 3ABN.
00:49:34.14\00:49:36.97
It can't be used
to start an annuity;
00:49:37.04\00:49:39.47
it can't be used
to start a cash trust.
00:49:39.54\00:49:42.58
It has to be a
donation. So, we have people
00:49:42.64\00:49:45.28
that will donate what
they actually take out
00:49:45.35\00:49:47.95
that they're
required to take out. Call us
00:49:48.02\00:49:51.05
before you do it
because there are
00:49:51.15\00:49:52.99
some strict laws the
IRS has put in place,
00:49:53.05\00:49:58.59
and we want to make
sure you do it correctly
00:49:58.63\00:50:01.13
or you won't get the
tax benefit for doing
00:50:01.20\00:50:04.13
it. The tax
benefit is, you don't have
00:50:04.20\00:50:07.20
to report it as
income. You just- it doesn't
00:50:07.30\00:50:12.27
show up on your
tax report at all. We
00:50:12.34\00:50:15.58
send your receipt
in case the government
00:50:15.64\00:50:18.05
says, "Hey, you
got this much money.
00:50:18.11\00:50:21.98
What'd you do with
it?" You can show this
00:50:22.05\00:50:23.45
receipt and say,
"This was a donation,"
00:50:23.52\00:50:26.45
and there's never a
problem 'cause it is
00:50:26.55\00:50:28.82
actual law. We've
had many, many people
00:50:28.89\00:50:32.19
do that. So, if
you are 70 and a half
00:50:32.23\00:50:35.36
and want to do
something for 3ABN, call us and
00:50:35.43\00:50:39.97
we'll walk you
through the easy steps to make
00:50:40.04\00:50:42.40
it happen. -
Amen. - I just want-
00:50:42.50\00:50:46.11
do you have- can I
tell a little story? - Sure.
00:50:46.17\00:50:48.64
R. G.
LeTourneau lived during the
00:50:48.71\00:50:51.01
1900s and he was a
businessman who was
00:50:51.08\00:50:53.31
greatly in debt.
God started working with
00:50:53.42\00:50:57.29
his heart that he
needed to do something
00:50:57.35\00:50:58.95
more for God, so
he went to his pastor
00:50:59.05\00:51:01.22
and he said, "I want
to be a missionary," and
00:51:01.32\00:51:03.16
the pastor said, "No,
God needs businessmen,
00:51:03.22\00:51:05.23
as well," so R.
G. LeTourneau prayed
00:51:05.29\00:51:08.23
about it and
then he committed to
00:51:08.30\00:51:09.90
pay an honest
tithe and then to make
00:51:09.96\00:51:12.20
some large
offerings that he didn't have.
00:51:12.23\00:51:14.24
Well, guess what
happened? He just-
00:51:14.27\00:51:16.57
God started
bringing in the business.
00:51:16.71\00:51:18.44
Pretty soon, R. G.
LeTourneau is known
00:51:18.54\00:51:21.71
for giving 90% to the
Lord's work and living
00:51:21.74\00:51:25.58
off 10% and he's
famous for saying,
00:51:25.61\00:51:28.68
"It's not how much
of my money I give to
00:51:28.75\00:51:32.42
God but how
much of God's money I
00:51:32.49\00:51:34.76
keep for myself."
You know, there's an
00:51:34.82\00:51:37.69
old saying. You
can't out-give God. Let
00:51:37.76\00:51:40.43
me tell you,
nobody's trying. You know?
00:51:40.50\00:51:44.03
Nobody's trying
to! But it's a blessing
00:51:44.10\00:51:46.80
to be a part of
this ministry. - And then
00:51:46.87\00:51:50.97
we have a God-given
law, a mandate, that
00:51:51.07\00:51:53.98
if you give, God
will support your giving
00:51:54.04\00:51:56.64
and give back to
you. No one has ever
00:51:56.71\00:51:58.95
gone broke serving the
Lord, and I don't think
00:51:59.01\00:52:02.78
anyone's ever lost
any money investing to
00:52:02.85\00:52:04.39
3ABN. - Not one
dime. I can say that
00:52:04.49\00:52:07.72
very clearly. Not one
dime. Not even a penny.
00:52:07.79\00:52:11.79
- Amen.
[laughter] Amen. We've given
00:52:11.86\00:52:15.63
you a lot of
information. Should you want to
00:52:15.66\00:52:17.63
investigate,
explore, these options, here
00:52:17.73\00:52:24.04
is the contact
information that you are going
00:52:24.11\00:52:25.97
to need so that you can
talk with Roy and his wonderful
00:52:26.01\00:52:28.01
staff and get
that information that
00:52:28.08\00:52:30.41
will help you
make a wise and prudent
00:52:30.48\00:52:32.25
decision.
00:52:32.31\00:52:33.75
To find out more information on
00:52:35.02\00:52:36.85
3ABN's Planned Giving
and Trust Services, please
00:52:36.92\00:52:39.72
give them a call.
Our friendly staff will
00:52:39.79\00:52:42.42
be more than
willing to explain all the
00:52:42.46\00:52:44.39
benefits of our
cash trusts, property
00:52:44.46\00:52:47.10
trusts, and
annuities. You may email them
00:52:47.13\00:52:50.13
at TrustServices@3abn.org.
That's TrustServices@3abn.org.
00:52:50.17\00:52:56.30
Or call them
toll-free at (800) 886-4800.
00:52:56.37\00:53:02.24
You may also write
to them at 3ABN Planned
00:53:02.34\00:53:05.45
Giving and Trust Services Post
00:53:05.55\00:53:07.55
Office Box 220 West
Frankfort, Illinois 62896,
00:53:07.62\00:53:12.35
or visit our website, 3ABN.tv.
00:53:12.39\00:53:16.62