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 another 3ABN Today
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program. We are so
glad that you have joined us
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today as you do
each and every day of the
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year. We appreciate
your prayers and financial
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support for the
ministry of 3ABN. And I have
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to say, this is a
little bit different. This is
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Roy Hunt next to me.
Usually, I have my beautiful
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wife- not saying you're
not beautiful or handsome,
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Roy... - What are you
saying that...? [laughter]
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- I'm saying I'm so
used to having my dear wife
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next to me. This is
great, though, having
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you with me today here
on the set. You are the
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director of planned
giving and trust services
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here at 3ABN. It's
a blessing to have you
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co-hosting with me.
And I want to introduce,
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also, our guest-but
it's really family, right,
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Roy? - Absolutely. - Yeah.
And this is Jason Bergmann.
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You're our CFO and in
charge of all the finances
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in the faith-based ministry,
and it's neat to see how
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God supplies the need
of the ministry of 3ABN,
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but it's a blessing to
have you and your wife here
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at 3ABN. Roy, I want
to mention your wife,
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too, Earlenne. - Yes. -
And she is your assistant.
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- She is the trust
officer and office manager. She
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keeps me straight.
[laughter] You know. The woman
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usually is detailed,
and any details I have
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missed, she catches me
on it. So, we need that
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in our department. -
Yeah, you know, and Jill,
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too; she-my wife-she
is so detailed, and it's a
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blessing. That's
why, I mean, she's usually
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sitting right next to me
and kinda keeps me straight.
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So Roy, you're gonna
have to keep me straight
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today. - Oh, that's
tough. - Oh, I know.
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Jason, you're gonna have
to help us out. [laughter]
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But today, we're really
looking at this as kind of
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as a I wanna say maybe
a roundtable. We're all-
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you're not really
a guest; we're just
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here as family, discussing
planned giving and trust
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stewardship, the joy
of giving... And I think
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today-'cause I'm kinda
the newbie in this; these
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guys are the professionals-
and for me, I'm gonna
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be asking some of
the questions that maybe
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you might have at home:
"What is planned giving &
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trust services?"
Roy, why is it important?
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- You know, it's appropriate
to say "family", that we're
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family here at 3ABN
because so much of what
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we talk about is
family- oriented. The importance
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of doing... What is
planned giving? Our department
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handles the wills, the
trust, and that's something
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that everybody
should have. - That's true.
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- Even you, Greg. -
Yes. - You're a young person.
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- I'm in my 40s.
Yeah, you think, "Oh, I'm
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invincible." - That's
right. Invincible' s a
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good word, because so
ma-especially us males.
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- That's right. - This
program is kinda geared
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toward the male side
of the family. We think
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we're invincible,
nothing's gonna happen to us...
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- Kinda the macho type
thing. - The macho. And
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when they hear the
word, "will" or "trust"-when
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we hear that-they
think, "Ah, we don't need it."
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And if I do, one of the
biggest myths in planned
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giving is, "I'm gonna
die as quick as I do the
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document." And that's
not true! - And I think
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sometimes, people are
afraid to even talk about
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the reality of life,
and that is that what
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happens when I
die. Those are some hard
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questions to ask ourselves.
And you know, I appreciate
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you mention even
someone- I consider myself a
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young person. I'm
not saying you guys are
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old persons,
but...we all have to face the
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reality of life. - That's #2
today. - #2 today?! [laughter]
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So, we don't know
about tomorrow. What we do
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know is that we
have today. And we also
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wanted to say a thank-you
to you, our family, our
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friends... And that
is for those of you that
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have written documents
with 3ABN. That is blessing
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the ministry of
3ABN. You know, for those
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that have written
them in the past, and, you
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know, they've gone to
rest in Jesus-you know,
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those funds-have
come to continue the work
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here at 3ABN... And
I like this scripture;
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I wrote it down
here- Revelation 14:13-
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and it talks about,
basically, people going
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to rest in Jesus. But
then it says, "And their
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works do follow
them." And I think that's a
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beautiful thing,
because you can be asleep in
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Jesus-you don't know
what's happening, you're
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waiting for His soon
return-but then whatever
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you have put in planned
giving & trust services,
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Roy, is furthering the
gospel. - That's right.
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- To think here at
3ABN, Jason, you see the bills
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that come in, you see
the donations that come
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in, but then you
see the documents that
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have matured coming
in and how it helps the
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ministry. - You know,
what I also like, too,
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about what we do is
we provide some tools for
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people to plan while
they're alive. And that's
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awesome, because
you know either you plan
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for it, or the IRS
will plan for it after you
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die. - Or the
state. - Or the state, so-
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and mainly the
state. But I'd rather have
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myself plan how my
legacy's gonna take
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these funds that
the Lord has blessed...
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- That's a good
point. - ...onto the next
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generation. - Mhm. - Or
the ministries, you know.
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You know, we are
stewards for the Lord, and I
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think we're a steward
of time and what we have
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for the future, as
well. - Mm, that's good.
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- I've heard many people
say-they make a statement-
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they say, "Why should I
plan? I'm gonna be dead.
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I don't care what happens
to my estate." And if you
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have a family, family
is always a major portion
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of your estate planning.
- That's good. - And to
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have the family in
your plan to receive part of
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your estate is
something very special to your
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family. - Yeah. And I
appreciate that. I think
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family is
important, and you kind of have
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that as one of your
mottos - a well-planned
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estate, your best gift
to God and family...and
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that's really good.
- Absolutely. So, if
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you don't plan, the
state usually enters
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into it, the judge
enters into it...and he makes
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the decisions. -
Yeah. - And you have that
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choice during life
that you can make decisions.
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- So this is a
good opportunity now,
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while we're alive,
while our mind is, you know,
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in a good state to
start making decisions that
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will benefit
those organizations like
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3ABN that you may
be interested in, those
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ministries that
will grow the kingdom of
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God. - Amen! And
then you can think of your
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family, as well. -
That's right! And the family is
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super important,
because that family that you
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grew up with and that
you've built relationships
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with... - That
you've raised. - Right-yeah.
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I mean, that is all
part of being a good steward
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and keeping the
legacy on and helping family
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and the ministry, and
the Lord's blessing a part
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of that. - So what we
plan to do today, Lord
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willing, is to
actually answer some of those
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questions. We wanna
talk about stewardship,
00:07:51.63\00:07:53.40
as well. But before
we get in-depth a little
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bit more, let's go
to some music. I know
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we appreciate music
here at 3ABN, and we
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know that you do,
too. We have Moses Brown
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with us today, and
his wife is at the piano.
00:08:03.61\00:08:06.01
They're gonna be
playing and singing a beautiful
00:08:06.11\00:08:08.38
song, "It Is Well With My Soul".
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When peace like a
river attendeth my way
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When sorrows
like sea billows roll
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Whatever my lot,
Thou hast taught me to say
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It is well, it
is well with my soul
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It is well
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With my soul
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Oh, it is well; it
is well with my soul
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O Lord, haste the day
when Thy faith shall be sight
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And the clouds be
rolled back as a stroll
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And the trump shall sound
and the Lord shall descend
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Even so, it was
well with my soul
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Is it well with your soul
00:10:05.40\00:10:12.51
Is it well, is it
well with your soul
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It is well with
my soul...yes, it is
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It is well, it is well with
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My soul, my soul, my soul
00:10:45.51\00:10:55.28
- Thank you, Moses Brown,
and your dear wife Jeanette
00:11:01.36\00:11:04.03
playing the piano:
"It Is Well With My Soul".
00:11:04.13\00:11:07.33
And I'm thinking,
Roy, that fits as you think
00:11:07.46\00:11:09.50
about today's topic.
It's planned giving, trust
00:11:09.56\00:11:12.73
services... When you
plan, there's a sense of
00:11:12.83\00:11:16.20
peace that also
comes along with that. So,
00:11:16.30\00:11:19.54
"It Is Well With My
Soul". Our confidence is not in
00:11:19.64\00:11:23.41
our money, our
things, our property, or any
00:11:23.51\00:11:25.81
of that; it's in
the Lord Jesus Christ.
00:11:25.91\00:11:27.62
- In the Lord. Yes. -
In the Lord. That is the
00:11:27.72\00:11:29.28
key. But again, God's
given us gifts in different
00:11:29.35\00:11:31.99
things here,
different assets-whatever that
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may be, as Danny
always says, "What does God-
00:11:34.12\00:11:36.93
what has He given
to you in YOUR hand?"
00:11:37.03\00:11:39.23
I don't know. YOU
know what's in your hand.
00:11:39.33\00:11:41.40
But today, we're
talking about planned giving,
00:11:41.50\00:11:43.67
trust services, and
how it can be used for the
00:11:43.77\00:11:45.83
Lord's work. - You
know, our theme today is the
00:11:45.93\00:11:48.47
joy of giving. - I
like that, Roy. - We should
00:11:48.54\00:11:52.24
be joyful. - And why is
that? - About giving back
00:11:52.34\00:11:54.74
to the Lord. The
Lord has provided for us,
00:11:54.84\00:11:57.05
we're joyful for
what He has done for us,
00:11:58.11\00:11:59.98
and we're gonna give
something back to Him.
00:12:00.12\00:12:02.45
- Yeah. - And one
point I wanted to make:
00:12:02.55\00:12:05.12
part of the joy of
doing any documents-we'll
00:12:05.22\00:12:08.36
get into that later-
but is you actually live
00:12:08.46\00:12:11.26
longer. - Really? -
Really. - Wow. - And I mention
00:12:11.36\00:12:14.93
the myth of dying
when you do a document.
00:12:15.00\00:12:17.83
Statistics state that
you live longer-another
00:12:17.93\00:12:22.10
seven years longer.
- Wow. - Because you
00:12:22.20\00:12:24.17
have everything
planned and you don't have any
00:12:24.27\00:12:27.78
worries; you know what's
gonna happen. - You know,
00:12:27.84\00:12:30.21
we should probably
touch on stewardship, then-
00:12:30.31\00:12:31.78
talking about the joy
of giving. - Yes. - Jason,
00:12:31.91\00:12:34.12
tell us-joy of
giving, stewardship... I mean,
00:12:34.18\00:12:37.39
you've worked in the
conference before you came
00:12:37.49\00:12:39.02
here to 3ABN... - Yep.
- ...as our CFO-but the
00:12:39.12\00:12:41.92
joy of giving. Stewardship.
- You know, I look at
00:12:42.02\00:12:44.53
stewardship as a
way to connect with God.
00:12:44.63\00:12:48.06
When you look at
stewardship, we are a steward of
00:12:48.16\00:12:52.27
everything that's
God's and when we have that
00:12:52.37\00:12:56.37
mind frame that what
we have is really not for
00:12:56.47\00:12:59.87
us but is to glorify
God with those resources
00:13:00.01\00:13:04.58
that He has given to
us. And it's really nice
00:13:04.68\00:13:07.15
to know that He
entrusts us with those resources
00:13:07.25\00:13:10.82
that are His but for
our use to share with
00:13:10.92\00:13:14.89
others. - I like
that. You said, "It's His."
00:13:14.99\00:13:17.06
- It's His. It's ALL
His. - Yeah. Everything.
00:13:17.16\00:13:20.50
- We tend to think
that this is ours: "My car
00:13:20.63\00:13:25.23
is mine." And yes, in
a sense, it is, but when
00:13:25.33\00:13:29.24
you look at the big
picture and you look
00:13:29.37\00:13:30.84
at how the Lord
has blessed us, really,
00:13:30.94\00:13:34.61
everything is the Lord's.
What we do, the intellectual
00:13:34.71\00:13:38.91
property that the Lord
has given us, that's all
00:13:39.01\00:13:41.28
His! - So, our
talents. - All our talents. What
00:13:41.38\00:13:44.65
we do with our
time, what we do with the
00:13:44.79\00:13:49.39
information that He
gives us-all these things
00:13:49.49\00:13:52.16
are really all His,
but He's given that to us
00:13:52.26\00:13:56.60
so we may share
the good news and show
00:13:56.73\00:14:00.67
that we have a relationship
with Jesus. - Wow. Yeah.
00:14:00.77\00:14:05.37
I agree with that 100%.
You know, I think sometimes,
00:14:05.44\00:14:07.41
Roy, we can kinda get
into like, "Okay, this is
00:14:07.54\00:14:09.04
all mine." What about
someone that, at home-
00:14:09.18\00:14:12.11
'cause- that may say,
"Oh, you know, I don't
00:14:12.21\00:14:14.48
really have that much
stuff," as in, things.
00:14:14.58\00:14:16.99
- Okay! So that's- you
know, we... - I still need
00:14:17.12\00:14:22.42
to be a good steward of... -
Correct. - ...whatever I have.
00:14:22.52\00:14:24.49
You know, I think
each of us can assess our
00:14:24.59\00:14:27.73
own lives and see
where we've been blessed. And
00:14:27.83\00:14:32.33
I can tell you, every
one of us can say that
00:14:32.43\00:14:35.57
in one way or another,
we are blessed, and those
00:14:35.67\00:14:38.77
gifts that God has
given us-and we've been all
00:14:38.91\00:14:41.48
given some type of
gift- but to share that gift
00:14:41.58\00:14:44.91
with others is what
the Lord wants us to do.
00:14:45.01\00:14:47.82
Now, it could be with
our talent, like you said.
00:14:47.92\00:14:51.05
It could be with some
of of our resources that
00:14:51.15\00:14:53.89
He's given to us.
Or, someone that really
00:14:53.99\00:14:56.76
knows how to share Jesus
with others...do it! It's
00:14:56.86\00:15:00.80
your gift that God
has given, and that's what
00:15:00.93\00:15:03.87
stewardship is
about is returning back to
00:15:03.97\00:15:06.80
the Lord, and it's
that relationship that we
00:15:06.90\00:15:09.40
have with the Lord
in how we give and what
00:15:09.50\00:15:12.67
we give and where we
give that makes a big
00:15:12.77\00:15:15.68
difference. - Mhm. -
Yeah. - As a steward. - Yeah.
00:15:15.78\00:15:18.51
That's true. So,
as stewards, then- you
00:15:18.61\00:15:21.18
know, we're talking
about planned giving and
00:15:21.32\00:15:22.68
trust and the joy...
What if someone says,
00:15:22.78\00:15:25.55
"You know, I don't
really have any joy
00:15:25.65\00:15:27.46
in giving. How do I
get joy in giving?" 'Cause,
00:15:27.56\00:15:33.63
you know, I think
innately we as human
00:15:33.70\00:15:35.96
beings, we kinda...
Well, we don't have-
00:15:36.06\00:15:37.63
we DO have the
tendency to be selfish. - Right.
00:15:37.73\00:15:42.17
- You know. As a
baby, and I'm crying and
00:15:42.24\00:15:43.57
wanting this and
that, and as adults I think
00:15:43.64\00:15:45.54
sometimes we can be
selfish. So how do you
00:15:45.64\00:15:48.08
get joy? - So, you know,
I look at that as to find
00:15:48.14\00:15:55.45
joy is to give to
others. And if you give to a
00:15:55.52\00:16:00.62
young person and you
give them a gift, what
00:16:00.76\00:16:03.76
is their facial
expressions gonna be? You know,
00:16:03.83\00:16:06.39
are they gonna be
frowning when they get
00:16:06.49\00:16:08.43
something? When
someone- you know, when I give
00:16:08.53\00:16:10.83
something to my wife
that she is not aware
00:16:10.93\00:16:12.83
of, she gets
excited! So, I think a gift is
00:16:12.97\00:16:17.87
something that you
don't have to pay back; it's
00:16:17.97\00:16:20.64
something that you
give out of your heart and
00:16:20.74\00:16:23.38
you give up, and you
wanna share that joy.
00:16:23.48\00:16:27.08
Just like, you know,
in the Bible there are so
00:16:27.18\00:16:30.39
many stories where they
were happy and they gave.
00:16:30.49\00:16:34.26
You know, just after
Pentecost, these disciples
00:16:34.36\00:16:37.79
and the people were all
connected. They were giving
00:16:37.89\00:16:41.26
and sharing, and of
one mind. And because
00:16:41.36\00:16:45.23
they realize that this
is a family-oriented kind
00:16:45.33\00:16:50.57
of situation... When
we get to heaven, we're
00:16:50.64\00:16:52.54
gonna be sharing everything
the Lord has given us.
00:16:52.64\00:16:55.08
Why don't we do it
now? And I think, yeah, we
00:16:55.18\00:16:58.28
do get selfish. You
know, we have this mind frame,
00:16:58.38\00:17:01.52
"Well, you know,
I need it because I
00:17:01.62\00:17:03.52
need to do this or
that," but I've seen in my life
00:17:03.62\00:17:06.82
when I give
something to someone, they're
00:17:06.96\00:17:09.19
happy; they feel
like they are important.
00:17:09.32\00:17:12.39
- True. - And I think
that's what's... That's
00:17:12.53\00:17:14.93
how we build relationships.
We do things to others
00:17:15.06\00:17:18.23
to uplift them, to
grow them, to share Jesus.
00:17:18.37\00:17:23.97
That's what being part
of the children of God is
00:17:24.07\00:17:29.54
all about, and
stewardship is one of the most
00:17:29.64\00:17:32.21
powerful instruments
that each of us have...
00:17:32.35\00:17:35.22
whether it's, like
I said, our talents,
00:17:35.32\00:17:37.99
those things that
the Lord has given us for
00:17:38.09\00:17:40.09
this purpose. - When
you give to ministry,
00:17:40.22\00:17:43.39
you're not giving
to one person; you're
00:17:43.53\00:17:46.53
giving to millions of
people around the world.
00:17:46.66\00:17:49.86
- People you will
never meet. - Never meet.
00:17:49.96\00:17:51.80
- So, yeah! - That's a
good point. - Absolutely.
00:17:51.93\00:17:53.97
When you give to
3ABN, for instance, we focus
00:17:54.04\00:17:57.67
on ministry and sharing
the good news and giving
00:17:57.74\00:18:01.24
quality programming
around the world. There's not
00:18:01.34\00:18:06.48
a lot of companies or
organizations that have
00:18:06.61\00:18:09.72
that opportunity
that we have. We are a
00:18:09.88\00:18:12.92
steward of this information.
And when you give to
00:18:13.02\00:18:15.49
us in your resources,
whether it's your time
00:18:15.59\00:18:18.29
or your money, we
share that with thousands and
00:18:18.39\00:18:23.37
millions of people. I
mean, that is stretching
00:18:23.50\00:18:26.13
that dollar or $10
or $100 or $10,000 or
00:18:26.27\00:18:29.74
$100,000 to a
point where it is hard to
00:18:29.84\00:18:34.84
understand how far that
money goes. - That's true.
00:18:34.94\00:18:39.45
Now, I think about
purpose. Yeah, that's
00:18:39.55\00:18:41.38
a huge thing, 'cause,
you know, when there's
00:18:41.45\00:18:42.98
purpose, Roy, that's
us- 'cause, you know, people
00:18:43.05\00:18:45.45
don't just give
money out there; there's
00:18:45.52\00:18:46.86
usually something.
They either love something,
00:18:46.89\00:18:48.79
like something, wanna
see a goal accomplished...
00:18:48.86\00:18:51.49
- That's right. - So
as I think about those
00:18:51.63\00:18:53.66
through the years
that have put money into
00:18:53.76\00:18:55.90
donation or planned giving
and trust service department,
00:18:55.96\00:18:58.60
which is really 3ABN,
their purpose is souls,
00:18:58.70\00:19:03.10
right? -
Absolutely. - And these, as we
00:19:03.20\00:19:05.37
had just talked
about a couple minutes ago,
00:19:05.47\00:19:06.81
are people that
never met-you will never
00:19:06.84\00:19:09.48
meet. Somewhere
around the world, but yet is
00:19:09.54\00:19:11.51
making a difference
in their life. What a
00:19:11.61\00:19:13.52
tremendous purpose. -
People that are viewers
00:19:13.62\00:19:16.95
right now, listeners
on our radio, they are
00:19:17.05\00:19:22.22
looking for something.
They have found something
00:19:22.32\00:19:24.89
in our ministry.
They like what they hear.
00:19:25.03\00:19:28.73
They're receiving joy
from our ministry. So,
00:19:28.83\00:19:32.27
you can continue
that joy by getting into
00:19:32.37\00:19:37.04
the giving spirit.
And planning your estate
00:19:37.14\00:19:40.31
is something that you
can do to give. When you
00:19:40.44\00:19:44.41
have that in mind
when you're doing it
00:19:44.51\00:19:47.02
and not thinking,
"Oh, I've gotta do this;
00:19:47.12\00:19:49.62
I've gotta do it," it's
something that should be
00:19:49.78\00:19:52.09
joyful. - Yeah,
that's good. - And you know,
00:19:52.19\00:19:53.66
I also see it as a partnership.
You know, when we partner
00:19:53.72\00:19:57.43
with the Lord, with
3ABN, we're partnering
00:19:57.53\00:20:01.50
with people and an
organization that has
00:20:01.56\00:20:05.70
the right motives
and purpose, and that is
00:20:05.80\00:20:08.34
to build the Kingdom
of God as we talk today.
00:20:08.47\00:20:11.27
- That's good. So
what's the difference, then-
00:20:11.44\00:20:12.94
okay, 'cause we
receive donations in, Jason,
00:20:13.04\00:20:14.58
on a daily basis. -
Correct. - here at 3ABN. What's
00:20:14.71\00:20:18.31
the difference between
someone giving a donation-
00:20:18.41\00:20:19.95
'cause someone at
home may say, "Okay, I send
00:20:20.08\00:20:21.68
my monthly, or my
weekly- we know-donation to
00:20:21.82\00:20:24.72
3ABN." What's the difference
between planned giving
00:20:24.82\00:20:26.96
and trust services,
and me giving a donation?
00:20:27.02\00:20:29.46
- You know, that's a
really good question.
00:20:29.56\00:20:31.66
I see that as two different
areas. I see one is more
00:20:31.73\00:20:35.13
of a short-term, a
now situation, versus-and
00:20:35.23\00:20:39.23
that is giving on a
monthly basis-to giving in a
00:20:39.33\00:20:44.97
trust or a CRT-
something that's more
00:20:45.07\00:20:48.48
long-term. - Okay. -
And trust is usually some-
00:20:48.54\00:20:52.68
these are instruments
that help us as we get
00:20:52.78\00:20:55.88
older, as we see
our resources, and we
00:20:55.98\00:20:59.25
decide that this is
something that I want
00:20:59.35\00:21:02.06
to use in order to
fulfill some of my dreams and
00:21:02.16\00:21:06.63
my goals and
objectives, while alive but also
00:21:06.76\00:21:11.03
after I pass away.
- Okay. So in other
00:21:11.13\00:21:15.04
words, I could
actually still continue to be a
00:21:15.10\00:21:16.74
monthly donor but
have, as you call them,
00:21:16.84\00:21:19.37
documents set up.
Is that right? - Right.
00:21:19.44\00:21:21.08
- It's not one or the
other. - That's right!
00:21:21.18\00:21:22.54
- Or... Okay. - You
can do both! - Yep. Okay.
00:21:22.64\00:21:24.51
- And I get this
question asked to me all the
00:21:24.61\00:21:26.48
time. I say, "How
do we impact 3ABN right
00:21:26.58\00:21:30.59
now?" - Oh, wow. - And
I say, "While I'm alive."
00:21:30.65\00:21:35.39
The only way you can
affect that right now
00:21:35.49\00:21:38.39
is give a donation,
right now. If you're
00:21:38.49\00:21:43.93
looking to do a
trust, we encourage that.
00:21:44.00\00:21:46.13
That is our long-term
planning for Three Angels
00:21:46.23\00:21:49.30
Broadcasting. -
That's right. - Because we
00:21:49.40\00:21:51.21
never know when that
trust or will is going
00:21:51.31\00:21:55.81
to mature, and the
money comes from that.
00:21:55.91\00:21:58.28
So the Lord knows in
the future. And when we
00:21:58.38\00:22:03.28
need money, the
Lord says, "There's money
00:22:03.42\00:22:06.42
coming." I call it "just-in-time
financing", because the
00:22:06.52\00:22:11.79
Lord knows it's
gonna be here just in time.
00:22:11.89\00:22:14.23
- That's right. - And
you know, I see stewardship
00:22:14.33\00:22:17.47
as a multitier
system in what we provide
00:22:17.53\00:22:22.60
here at 3ABN in our
stewardship options.
00:22:22.67\00:22:25.41
We have many different
options that we provide
00:22:25.51\00:22:28.44
our viewers. And
if you're interested,
00:22:28.54\00:22:32.21
Roy is happy to share
those type of instruments
00:22:32.28\00:22:35.58
and to help with
our stewardship plan,
00:22:35.68\00:22:38.99
whether it be right
now or whether it be
00:22:39.05\00:22:41.99
sometime in the
future. - Yeah, I agree. Roy,
00:22:42.09\00:22:44.69
you have a great
staff: you and your wife,
00:22:44.83\00:22:46.26
of course, and then
you have a wonderful
00:22:46.36\00:22:47.70
staff at planned
giving and trust services that
00:22:47.73\00:22:50.07
make what could be
kinda complicated simple. I've
00:22:50.13\00:22:54.10
got this nice
little brochure, and I know
00:22:54.20\00:22:56.54
you have a lot of
other resources, too, Roy,
00:22:56.64\00:22:58.21
that you can send
out, and of course you're
00:22:58.31\00:23:00.71
happy to talk to
anybody on the phone. I want
00:23:00.81\00:23:03.24
to ask you a
question though, Roy, because
00:23:03.35\00:23:05.51
you... - Before you
go to that question, let
00:23:05.61\00:23:07.42
me mention the brochure.
- Yeah, good. - You can
00:23:07.52\00:23:09.72
go online at
3ABN.tv and there's gonna be
00:23:09.78\00:23:14.19
a tab called Planned
Giving & Trust Services.
00:23:14.26\00:23:16.99
That brochure is
online. - Oh, is it really?
00:23:18.29\00:23:21.03
- You can actually go
through online and see
00:23:21.10\00:23:22.66
it. - That's right.
- Okay. Yeah, that's
00:23:22.73\00:23:24.43
really good. - So,
3ABN.tv and look for the Planned
00:23:24.47\00:23:27.04
Giving tab. - Yeah,
so right at the very top,
00:23:27.07\00:23:28.84
there's different
tabs across the top of that
00:23:28.90\00:23:30.27
home page, and you
can see Planned Giving.
00:23:30.34\00:23:32.87
- Planned Giving. - Amen.
- All right. - That's good.
00:23:32.91\00:23:34.64
So, my question for
you is you get a lot
00:23:34.71\00:23:38.31
of phone calls.
What is the tone of the
00:23:38.38\00:23:41.65
people, if that may be
a good word to describe
00:23:41.72\00:23:43.52
that, or... - Inquisitive.
- Inquisitive that you
00:23:43.59\00:23:48.86
get as they call
you and say, "Okay, I've
00:23:48.92\00:23:50.56
got this; what do
you think?" Are a lot of
00:23:50.63\00:23:53.09
people excited,
though, at the same time?
00:23:53.16\00:23:54.76
- They're
excited; they're cautious.
00:23:54.83\00:23:56.60
When people are
talking money, they're always
00:23:56.67\00:23:59.03
cautious...and we are
here to provide information
00:23:59.13\00:24:02.70
and to assure them
that anything that we do
00:24:02.74\00:24:05.67
here at Three
Angels Broadcasting is done
00:24:05.74\00:24:08.94
according to government
regulations... - That's
00:24:09.01\00:24:11.98
correct. - ...everything
is done by IRS. There's
00:24:12.05\00:24:17.09
certain standards
that we have to meet in
00:24:17.19\00:24:19.55
some of our documents
that qualify us to offer
00:24:19.65\00:24:25.06
discounts. Not
discounts- tax... - Deductions.
00:24:25.13\00:24:29.06
- Deductions. -
Incentives. - Yes, incentives.
00:24:29.16\00:24:30.80
- Incentives for
doing it, and the IRS allows
00:24:30.90\00:24:33.50
that for charities to
do- ministries. - Yep. - And
00:24:33.60\00:24:37.21
this is one thing I
appreciate, too, Roy,
00:24:37.27\00:24:38.74
and that is-you know,
as far as your department-
00:24:38.81\00:24:40.31
that is it's not a
pressure, like sales pitch. So
00:24:40.38\00:24:45.51
when you call, it's
like, "Okay. I'm gonna be
00:24:45.61\00:24:47.62
pressured." No. - No.
- And that's one thing:
00:24:47.72\00:24:49.55
that you guys have
stood by to not do any type
00:24:49.65\00:24:51.62
of pressure; you're
providing information.
00:24:51.65\00:24:53.19
So therefore, you can
just call; just talk with
00:24:53.29\00:24:55.36
Roy, his wife
Arlene, or the staff. - Our
00:24:55.46\00:24:57.63
philosophy is,
we're here to provide the
00:24:57.76\00:25:00.63
information, and
then once you receive the
00:25:00.73\00:25:04.03
information, it's
between you and God to make that
00:25:04.17\00:25:07.14
decision. And once
you make it, we're here
00:25:07.27\00:25:09.90
to facilitate. - And
you know, this is a service
00:25:10.04\00:25:12.61
that is very important
for part of the stewardship
00:25:12.74\00:25:17.81
plan. And what Roy does,
and your team, is a great
00:25:17.91\00:25:21.98
option for our
viewers to take part of and
00:25:22.18\00:25:26.15
partner not only with
the Lord but with also
00:25:26.25\00:25:28.66
3ABN. - Mhm. - So...
- You know, so, being
00:25:28.76\00:25:32.23
a good steward,
you were mentioning as
00:25:32.36\00:25:33.70
far as me being a
younger person-in my 40s-so
00:25:33.73\00:25:36.43
being a good steward
would be also planning
00:25:36.53\00:25:38.07
for the future... -
Yes. - What would you say
00:25:38.13\00:25:42.54
to someone like me?
- I would say- and a
00:25:42.60\00:25:45.91
lot of younger
people say, "We don't have
00:25:46.01\00:25:47.74
much yet," but
you're building your estate.
00:25:47.84\00:25:51.75
And your estate is
everything that you
00:25:51.88\00:25:54.48
own. - That's
right. - Everything. That's
00:25:54.58\00:25:57.39
your house, your
car, your bank accounts,
00:25:57.45\00:26:00.26
your stocks...
Anything that you own is your
00:26:00.36\00:26:05.66
estate. So, what
happens to that estate when you
00:26:05.76\00:26:10.67
pass away? Well,
that's what we're talking
00:26:10.77\00:26:12.30
about. And even though
we don't like to talk about
00:26:12.37\00:26:15.27
passing away, it's
something that we have to talk
00:26:15.37\00:26:17.87
about and actually
have fun planning. - That's
00:26:17.94\00:26:23.14
right. - You can
actually have fun doing your
00:26:23.28\00:26:24.78
plan. - Really? You
don't think about that. - You
00:26:24.91\00:26:27.18
don't think about it.
- It seems like it's kind
00:26:27.32\00:26:28.65
of a tough topic. - And
people will say, "Wow, we
00:26:28.68\00:26:31.32
didn't realize it was
this easy." - Well, and
00:26:31.42\00:26:33.92
you know, you
don't want to burden your
00:26:34.02\00:26:35.66
kids when you pass
away; but if you have good
00:26:35.76\00:26:38.96
documents that are
well-written, which
00:26:39.06\00:26:41.76
we provide, it just
makes life easier for
00:26:41.86\00:26:45.37
all the family. - Mhm.
- And it's like you said
00:26:45.50\00:26:49.50
in the beginning:
it's peace of mind. So when
00:26:49.60\00:26:51.61
you have everything
set up, documented well,
00:26:51.71\00:26:54.68
your estate goes smooth,
your kids are not burdened,
00:26:54.74\00:26:58.45
and it's just-
it's an experience that
00:26:58.55\00:27:01.12
the legacy lives on.
- Mm. Yeah, that's good.
00:27:01.22\00:27:04.92
- And that's a
very good point, because
00:27:04.99\00:27:06.32
we get calls.
People are in a panic. They
00:27:06.35\00:27:10.33
might've been diagnosed
with a serious illness.
00:27:10.43\00:27:13.16
- Oh, my. - And that's
the worst time to start
00:27:13.26\00:27:17.30
planning. - That's a
stressful time. - That's
00:27:17.40\00:27:19.37
a stressful time,
knowing that you have something
00:27:19.43\00:27:22.74
that's serious, and
you're trying to rush
00:27:22.80\00:27:26.34
around and do all the
things that need to be
00:27:26.44\00:27:28.71
done to do-planned
giving-and you don't
00:27:28.81\00:27:32.91
wait until that
time! - You know, I look at
00:27:32.98\00:27:35.12
it as a... - That's
called procrastination.
00:27:35.22\00:27:37.85
[chuckling] A lot of
people will procrastinate.
00:27:37.95\00:27:39.82
- That's true. - Until
they know they need it.
00:27:39.92\00:27:41.79
- Mhm. - But you know,
I look at it as a back-up
00:27:41.89\00:27:44.09
plan. You know, when
I'm in my job, I want
00:27:44.19\00:27:46.73
someone to learn my
job, as well, so if I-
00:27:46.83\00:27:50.13
say I get hit by a
bus, you know, tomorrow-
00:27:50.23\00:27:53.50
and I wasn't planning
on it- but if someone knows
00:27:53.57\00:27:57.07
some of the things
that I'm doing, the
00:27:57.17\00:27:58.91
transition is a lot
easier. - Yes. - And
00:27:58.97\00:28:01.24
that's what trust documents
will be able to assist,
00:28:01.34\00:28:04.75
or a will, or, you
know, a CRT in planning for
00:28:04.81\00:28:08.68
the future that we
don't know what the future
00:28:08.78\00:28:11.25
holds. But as long as
we do our due diligence
00:28:11.35\00:28:13.89
and plan accordingly,
you know, it just makes
00:28:13.99\00:28:16.56
life a little
easier for everyone and
00:28:16.69\00:28:18.09
peace of mind. - We
get calls from children,
00:28:18.19\00:28:20.40
wanting to know what
Mom and Dad have done,
00:28:20.50\00:28:24.60
and we do a trust. That
trust is private information,
00:28:24.73\00:28:28.54
unless the parents
have talked to their family.
00:28:28.64\00:28:33.24
We encourage Mom
and Dad to talk with the
00:28:33.34\00:28:37.41
family and let them
know what they're doing.
00:28:37.51\00:28:39.21
Let the family be
part of your plan. - That's
00:28:39.28\00:28:41.62
right. - Because when
Mom and Dad are unable
00:28:41.72\00:28:44.69
to make decisions and
the children don't know
00:28:44.79\00:28:48.19
what's happened, it
really puts a lot of
00:28:48.26\00:28:50.99
pressure on the
family. So, a part of your
00:28:51.09\00:28:54.00
planning is talking
with your children and
00:28:54.10\00:28:57.30
letting them know
what you're doing. - That's
00:28:57.37\00:28:59.07
right. - You know,
and we should probably
00:28:59.13\00:29:00.47
actually, Roy, start
to transition into some
00:29:00.50\00:29:01.84
of these
documents, because you've been
00:29:01.87\00:29:03.20
throwing around-
these are terms, you know,
00:29:03.24\00:29:04.57
that these gentlemen
who do this all the time,
00:29:04.61\00:29:05.94
they know what all
this means. What, CR...
00:29:05.97\00:29:08.28
What, CRUT? And
SATs... Yeah. I'm like, oh,
00:29:08.38\00:29:12.01
my, my. You know, I
know-... - Don't let
00:29:12.08\00:29:13.88
that scare you. - Yeah,
that's right. So we want
00:29:13.98\00:29:15.68
to talk just
briefly, kind of give you just
00:29:15.82\00:29:17.42
a quick summary and
what these documents
00:29:17.52\00:29:19.19
mean. But again,
you can always call the
00:29:19.29\00:29:20.79
Planned Giving &
Trust Service office. Well,
00:29:20.92\00:29:22.99
you can see the
phone number up now at the
00:29:23.09\00:29:24.69
bottom of the
screen right now. Make sure
00:29:24.76\00:29:26.36
I have this
right. (800) 886-4800.
00:29:26.46\00:29:30.50
- That is correct. -
Okay. (800) 886-4800.
00:29:30.60\00:29:35.60
- You read very well.
[laughter] - Thank you
00:29:35.67\00:29:37.77
very much. My mother
taught me well; I was
00:29:37.84\00:29:40.08
homeschooled. So,
thank you, Mom. [laughter]
00:29:40.18\00:29:42.04
Okay. So, let me just
ask this question, and
00:29:42.18\00:29:44.61
then we'll go
whatever document you want to
00:29:44.68\00:29:46.01
talk about first. -
Okay. - But for someone- well,
00:29:46.08\00:29:49.12
I can hear someone at
home right now saying,
00:29:49.22\00:29:50.65
"Okay. I'm gonna
call 3ABN, I'm gonna call
00:29:50.79\00:29:52.75
this number, and I know
they're not gonna pressure
00:29:52.85\00:29:54.99
me, but I need to
probably put the majority of my
00:29:55.09\00:29:58.39
money or finances-
it's required to 3ABN." Is
00:29:58.49\00:30:01.76
that a requirement
to put 100%, 75%...
00:30:01.90\00:30:04.40
- It is not. - Yup.
That's huge! - We like 100%,
00:30:04.50\00:30:09.34
but we encourage,
especially people that
00:30:09.40\00:30:11.94
have children. 3ABN
is not one that wants
00:30:12.01\00:30:17.31
everything. - That's
right. - Now, there are
00:30:17.38\00:30:20.12
some families, there
are no children involved,
00:30:20.22\00:30:22.42
there's no family,
and 100% is fine. But we
00:30:22.48\00:30:27.19
encourage you to look
at your family, see what
00:30:27.29\00:30:32.43
their needs are, and
plan accordingly. The
00:30:32.53\00:30:36.46
minimum that we
require is 25% of the total
00:30:36.56\00:30:42.10
estate. - On
which instrument? - Now,
00:30:42.17\00:30:45.17
that's on the
trust. - Okay. - Basically,
00:30:45.31\00:30:48.44
anything that we
do, 25% is the minimum.
00:30:48.54\00:30:52.41
- Right. - Right
now, we're talking trust;
00:30:52.55\00:30:54.75
we're talking
wills. So, a trust... Let's
00:30:54.85\00:30:58.62
get into some of the
nuts and bolts-right.
00:30:58.69\00:31:01.72
The trust, we like
to use for everybody
00:31:01.82\00:31:05.66
that has real estate-
property, land-because
00:31:05.76\00:31:11.07
that's of high
value. And when you do a
00:31:11.17\00:31:15.94
trust, everything
that goes into the trust,
00:31:16.00\00:31:19.21
you don't have to go
to probate. If it's listed
00:31:19.31\00:31:23.35
in the trust-and
it's very important that
00:31:23.45\00:31:25.58
people call-they're
considering their entire
00:31:25.68\00:31:29.08
estate. Everything
that they own needs to go
00:31:29.18\00:31:33.46
into the trust. -
So the process is a lot
00:31:33.56\00:31:35.66
easier once someone
passes away. - Right.
00:31:35.72\00:31:37.79
- Is a trust like a
will, then? - It's a little
00:31:37.89\00:31:40.66
more than a will. -
Okay. - It does very much
00:31:40.76\00:31:43.90
the same thing, but
you do not have to go to
00:31:43.97\00:31:47.24
probate. - Okay, so
what does probate mean?
00:31:47.30\00:31:49.74
- Let me qualify that:
I never want to say never.
00:31:49.84\00:31:53.68
- Okay. - Because
there may be something that
00:31:53.78\00:31:57.18
was forgotten. The
trust has something
00:31:57.28\00:32:01.88
called a pour-over
will. Anytime you hear the
00:32:01.98\00:32:05.52
word "will", it has
to be probated. - Okay.
00:32:05.59\00:32:08.62
- So, you want to
list as much as you can,
00:32:08.76\00:32:11.19
as much as you know,
in the trust. And the
00:32:11.29\00:32:15.66
pour-over will acts
this way: say you went out,
00:32:15.76\00:32:18.80
you have a trust with
us, you went out and bought
00:32:18.87\00:32:21.50
a piece of land. -
Okay. - And you paid for it.
00:32:21.60\00:32:25.07
And on the way home,
you're killed in a car
00:32:25.11\00:32:26.74
accident. Something
that we don't like to
00:32:26.84\00:32:29.91
think about, but
that's life. - It happens.
00:32:30.05\00:32:32.78
- That hasn't been put
into the trust yet. - Mm.
00:32:32.85\00:32:35.95
- The pour-over
will will take that piece
00:32:36.05\00:32:38.89
of property and
pour it into the trust.
00:32:38.99\00:32:41.56
- Okay. - But it
has to be probated. That
00:32:41.62\00:32:46.86
part has to be
probated. That's the only part.
00:32:46.90\00:32:49.66
- So, someone may not
know what probated means.
00:32:49.76\00:32:51.63
Who wants to
define what probate means?
00:32:51.73\00:32:53.87
- Go ahead, yeah. -
I was just gonna get to
00:32:53.94\00:32:56.17
that. - Okay. Sorry,
I... - You're pushing
00:32:56.27\00:32:58.34
me! [laughter] -
Yeah, I'm pushing you. Yeah,
00:32:58.41\00:32:59.74
okay, okay. I'll try
and calm down. [laughter]
00:32:59.77\00:33:02.51
- I know you want to
know this information. - I do!
00:33:02.61\00:33:04.31
- You do. And
I'll expect you in my
00:33:04.41\00:33:06.38
office, you know,
this afternoon. Probate
00:33:06.45\00:33:09.02
is the process of
going to a judge to have him
00:33:09.08\00:33:14.62
look at the papers
that have been written
00:33:14.69\00:33:17.23
and say, "Yes, this
is the way it goes,"
00:33:17.29\00:33:20.93
or, "No, I disagree;
it's gonna go a different
00:33:21.03\00:33:23.16
direction." And to
go to probate, you need
00:33:23.26\00:33:26.40
an attorney. - Okay.
- And you know anytime
00:33:26.50\00:33:29.70
you have an attorney
involved, it's gonna cost
00:33:29.77\00:33:32.47
money. - That's true. -
And it's gonna cost time,
00:33:32.57\00:33:34.74
and it's time that
should not have to be
00:33:34.84\00:33:38.21
done. - Right. You
know, I look at a will
00:33:38.31\00:33:40.75
as an instruments where
you just write a document
00:33:40.82\00:33:45.05
and you say, "This
is what I wanna leave
00:33:45.09\00:33:47.09
to 3ABN or to my
son or my daughter or my
00:33:47.16\00:33:53.80
family," and you
just write that out. The
00:33:53.86\00:33:56.60
trust part is a
little more in detail as far
00:33:56.63\00:34:02.30
as, like property,
you want to put it in a
00:34:02.40\00:34:05.57
trust to secure that
property so you don't
00:34:05.64\00:34:08.71
have to do probate.
You save time at the end,
00:34:08.81\00:34:11.71
and it just makes it
easier for your estate
00:34:11.78\00:34:14.72
with complex
assets... - I see. - ...that you
00:34:14.78\00:34:17.55
want to put or
secure safeguard in a trust.
00:34:17.65\00:34:21.86
Yeah, you could
have property and a will,
00:34:21.96\00:34:23.93
but sometimes
it's better to be in a
00:34:23.99\00:34:25.93
trust to avoid
additional time and complexities
00:34:26.03\00:34:29.83
after someone has
passed away. - Probate's the
00:34:29.90\00:34:32.40
keyword. - Yup. -
And we had a call just in
00:34:32.47\00:34:35.54
the last couple
of weeks. Somebody
00:34:35.67\00:34:37.17
heard us talk
about probate. - Right.
00:34:37.27\00:34:39.27
- And that has
stuck in their mind. They
00:34:39.37\00:34:40.84
said, "We don't
want to use probate; we
00:34:40.94\00:34:42.44
want to make sure
everything is in trust."
00:34:42.54\00:34:44.78
- Right. - So,
that's very important.
00:34:44.91\00:34:46.98
- So, someone at home
says, "Okay, so I don't
00:34:47.05\00:34:48.48
have a trust, but I
have a will." How hard
00:34:48.58\00:34:51.05
is it for me to
take that will and put it
00:34:51.15\00:34:53.79
into a trust with
3ABN? - Very easy, and we
00:34:53.86\00:34:56.99
have many people that
have wills...and here's
00:34:57.09\00:35:00.30
something that
happens. People that have done
00:35:00.40\00:35:02.46
a will or a trust
think, "Oh, we never have
00:35:02.53\00:35:07.14
to look at it
again." Wrong. It's something
00:35:07.24\00:35:11.47
that you need to look
at every 2-3 years, because
00:35:11.57\00:35:14.78
life changes. - That's
true. - And what you're
00:35:14.84\00:35:17.68
planning right now
may not apply two or three
00:35:17.75\00:35:20.55
years from now. -
That's right. - Somebody that
00:35:20.62\00:35:22.38
you had a beneficiary
may have passed away.
00:35:22.48\00:35:25.25
You may have sold property.
There's all kinds of different
00:35:25.39\00:35:30.19
things that we
need to know about as
00:35:30.29\00:35:32.79
far as making sure
your document is correct.
00:35:32.89\00:35:36.53
Now, let me go to
something right now
00:35:36.63\00:35:40.60
called a POD. It's
called payable on death.
00:35:40.70\00:35:44.31
- POD. - Right. Pay
on death. Don't like that
00:35:44.41\00:35:47.84
term, but it's
something that most banks use.
00:35:47.94\00:35:51.61
They might call it
something different;
00:35:51.71\00:35:53.38
they might call it a
certification of trustee.
00:35:53.48\00:35:58.72
They may have
different names, but all it does
00:35:58.82\00:36:01.69
is, "What happens
to my bank account? My
00:36:01.79\00:36:07.13
stocks, my bonds?
What happens to that?"
00:36:07.23\00:36:10.07
- "When I pass
away." - You can list that
00:36:10.17\00:36:13.37
in the trust. But recently,
I had a situation where
00:36:13.47\00:36:19.07
I had all the
documents, I had the trust, and
00:36:19.17\00:36:22.78
we actually had a
POD. So I went to the bank,
00:36:22.88\00:36:26.75
and the larger banks
are really tough. They
00:36:26.85\00:36:31.15
want to keep that money
even though it's my money,
00:36:31.25\00:36:34.72
it's your money,
they want to hang onto
00:36:34.82\00:36:37.26
that as long as they
can, and they will throw
00:36:37.36\00:36:39.56
every little stone
their way. - Well, they want
00:36:39.66\00:36:42.13
to be careful, as well. -
They want to be careful...
00:36:42.20\00:36:44.53
- Yeah, they're
trying to be careful. - And
00:36:44.63\00:36:46.23
that's a good point.
But in this particular
00:36:46.30\00:36:49.44
case, I had all the
right documents, and they
00:36:49.54\00:36:53.17
flatly told me,
"You don't have the right
00:36:53.27\00:36:55.98
documents." And I had
the executor of the will
00:36:56.08\00:36:59.51
with me, and we
kind of looked at each
00:36:59.61\00:37:02.15
other and we
said, "What's going on?"
00:37:02.22\00:37:05.55
And they weren't
forthcoming. They won't tell you
00:37:05.62\00:37:08.79
the information you
need to know; you have to
00:37:08.86\00:37:11.09
bring it to them.
Well, what happened, what
00:37:11.19\00:37:14.30
they realized, this
was the son of the person
00:37:14.40\00:37:18.17
who passed away that
the mother had changed
00:37:18.27\00:37:22.44
the accounts. She
had enclosed the accounts
00:37:22.54\00:37:26.11
that were listed
on that POD, and they
00:37:26.17\00:37:29.94
never did another
POD for the new accounts.
00:37:30.05\00:37:32.95
So, at this point,
guess what? We have
00:37:33.95\00:37:37.35
to go to probate,
because that has to
00:37:37.49\00:37:39.99
come in through
the will. We have the
00:37:40.09\00:37:42.52
two accounts that
we know are there, but
00:37:42.62\00:37:44.96
they're not listed on
that POD. So, something
00:37:45.06\00:37:47.83
that is very easy
to do, and I encourage
00:37:47.93\00:37:51.63
everybody, whether
you have a document with
00:37:51.70\00:37:53.87
us right now or
not, is to go to the bank
00:37:53.97\00:37:56.71
and know who your
beneficiaries are on
00:37:56.77\00:37:59.74
your accounts, who
your beneficiaries on your
00:37:59.84\00:38:03.24
insurance policies,
who are the beneficiaries
00:38:03.31\00:38:05.28
on your stocks and
bonds. Because if they're
00:38:05.38\00:38:08.35
not there, that
presents probate problems in
00:38:08.45\00:38:11.82
the end. Even
though you have a trust,
00:38:11.92\00:38:13.76
it's gonna come in
through the will. - Right,
00:38:13.86\00:38:15.89
and a beneficiary is
someone who's received
00:38:15.96\00:38:18.16
something part of
the documentation. So,
00:38:18.23\00:38:21.03
if I'm a
beneficiary of an account... So,
00:38:21.13\00:38:24.23
there's an owner and
then the beneficiary.
00:38:24.33\00:38:26.10
So when I pass away,
that beneficiary will
00:38:26.17\00:38:28.14
get that account.
- Absolutely. - Okay.
00:38:28.20\00:38:30.31
- Yeah. - And I had
the executor and the
00:38:30.37\00:38:33.24
beneficiary with
me. That didn't count.
00:38:33.34\00:38:36.95
- Right. - Because it
has to say it on paper.
00:38:37.05\00:38:39.61
It has to say it on
the bank or the credit
00:38:39.71\00:38:42.05
union or whatever
financial institutions... Paper.
00:38:42.15\00:38:45.85
- What I like about
this POD is it's a very
00:38:45.92\00:38:48.86
easy and quick way
to be able to designate
00:38:48.96\00:38:52.86
where that asset
goes without creating any
00:38:52.96\00:38:57.03
type of will or trust
or anything. It supersedes
00:38:57.13\00:39:00.74
all those other types
of documents. - That's
00:39:00.84\00:39:03.61
right. - And
that's something you do,
00:39:03.71\00:39:05.04
your bank. - That's
something that you do
00:39:05.07\00:39:06.41
at your bank or your
insurance company; you
00:39:06.44\00:39:09.01
can do a POD on
your insurance policy...
00:39:09.11\00:39:12.15
You could do a POD on
many of the instruments
00:39:12.21\00:39:15.25
or assets that we
may have. - And if you go
00:39:15.35\00:39:17.99
to the bank and
they don't know what the
00:39:18.05\00:39:19.39
term POD means,
all you need to say is,
00:39:19.42\00:39:22.39
"I want to know who
my beneficiaries are
00:39:22.46\00:39:24.69
on my account right
now. If there's none
00:39:24.79\00:39:27.23
there, I want to
add." - Yeah. - Or change.
00:39:27.33\00:39:30.50
- And POD is
usually for bank accounts
00:39:30.57\00:39:32.80
and things like
that. - And there's a term
00:39:32.90\00:39:35.20
for stocks and
bonds. Do you remember what
00:39:35.27\00:39:38.91
that term is? I'm
putting you on the spot. - Yeah,
00:39:39.01\00:39:41.28
thank you. Um... -
Well, as you think about that,
00:39:41.34\00:39:43.98
our time is
clicking away... - It really
00:39:44.05\00:39:45.81
is, yes. - So we've
got other documents?
00:39:45.91\00:39:47.58
You talked about the
trust, and then we've
00:39:47.65\00:39:49.02
got cash trust, too.
- We have a cash trust
00:39:49.12\00:39:51.25
that's strictly
an investment-type
00:39:51.32\00:39:53.89
document. It's
called a trust because you
00:39:53.96\00:39:57.43
invest money.
There's a minimum for doing
00:39:57.49\00:40:01.06
it, and it's
$10,000 for one person and
00:40:01.13\00:40:03.90
$20,000 for a
couple, and that provides
00:40:04.00\00:40:09.24
interest income,
and you get that pay
00:40:09.34\00:40:13.88
depending on how
much money you put in,
00:40:13.98\00:40:16.11
whether it's monthly
or quarterly. - Okay.
00:40:16.21\00:40:19.38
- Or you can twist
my arm and I might bend
00:40:19.45\00:40:22.12
the rule a little
bit. - Oh, okay. - So, it
00:40:22.22\00:40:23.99
depends on your
needs. But that's generally
00:40:24.09\00:40:25.69
the policy is
depending on the amount as to
00:40:25.79\00:40:30.79
how often you're gonna
get paid. - Okay. - And
00:40:30.86\00:40:34.43
on the cash trust, you
can name beneficiaries.
00:40:34.53\00:40:38.50
- Okay! - 25%
always comes to 3ABN as a
00:40:38.57\00:40:43.17
minimum. It can be
100%, 50%, whatever
00:40:43.27\00:40:47.01
you want, but we
require 25% to do it. Then you
00:40:47.08\00:40:51.01
can list family
members, even other ministries.
00:40:51.08\00:40:55.05
- Okay. - And people
say, "Other ministries?
00:40:55.15\00:40:57.09
You're a ministry."
Yes! Other ministries,
00:40:57.19\00:41:00.06
right documents, and
they do the same thing
00:41:00.16\00:41:01.99
for 3ABN. - That's
right. - And at this
00:41:02.06\00:41:04.99
point, somebody says,
"I already have a trust
00:41:05.09\00:41:09.06
with another ministry."
That's great! You know
00:41:09.16\00:41:13.60
what you can do?
You can go to them and
00:41:13.70\00:41:15.94
say, "I'd like to add
3ABN as a beneficiary."
00:41:16.04\00:41:18.41
- Mhm. - So we'd
become the beneficiary.
00:41:18.47\00:41:20.41
- Yeah. That's
great. Yeah, and I'm sure
00:41:20.51\00:41:22.68
there's people out
there like that. - Yeah, so
00:41:22.74\00:41:24.08
let me answer your question.
The POD is for investment
00:41:24.11\00:41:26.25
accounts, as well,
as for, like, checking
00:41:26.31\00:41:28.45
accounts. So, I
would say that term is
00:41:28.52\00:41:30.29
transferable between
the two. Yeah. - Okay.
00:41:30.39\00:41:33.22
- Okay, so just revocable.
Cash trust, revocable?
00:41:33.29\00:41:37.23
- Cash trust is revocable.
- What about the trust
00:41:37.33\00:41:40.53
we were just
talking about before that?
00:41:40.60\00:41:41.93
- All those are
revocable. - Okay! - Right. We
00:41:41.96\00:41:45.33
don't do many irrevocable
trusts. - Yup. - That
00:41:45.43\00:41:49.04
gets much more than
what we'll talk about
00:41:49.14\00:41:51.11
today. - Yes! - But
let's go on real quickly
00:41:51.21\00:41:55.44
to charitable gift annuities.
- Mmkay, what does that
00:41:55.54\00:41:58.05
mean? - That is if you
have charitable intent-
00:41:58.15\00:42:00.88
and everything you
do with 3ABN or any
00:42:00.98\00:42:03.79
ministry, you should
have charitable intent.
00:42:03.89\00:42:06.39
- Yeah, that's true.
- The joy of giving is
00:42:06.49\00:42:08.66
including charity, the
ministry. - And you know
00:42:08.72\00:42:12.06
what's great about
annuities that I've
00:42:12.16\00:42:14.03
experienced in
managing them for the last, I
00:42:14.16\00:42:17.47
don't know, 20-some
years is that those who have
00:42:17.57\00:42:20.94
annuities, they love
them so much that they
00:42:21.00\00:42:23.77
get more and more annuities.
So, they see the importance,
00:42:23.87\00:42:28.54
and they see it as,
like, a check coming
00:42:28.64\00:42:32.31
in the mail, like they
get this monthly check or
00:42:32.41\00:42:35.38
quarterly check or
semiannually or even
00:42:35.48\00:42:38.32
annually, but they
like it so much that they
00:42:38.39\00:42:40.82
do more. But what's
even greater than this
00:42:40.92\00:42:43.63
is for some reason,
these people live longer
00:42:43.73\00:42:47.36
than their life expecting.
[Roy laughs] - We've seen
00:42:47.46\00:42:49.36
that over and over and
over again that, you know,
00:42:49.46\00:42:52.93
the worry goes
away. They know that this
00:42:53.03\00:42:55.34
money's coming in,
they know what they're
00:42:55.40\00:42:58.44
using it for, and
it's a perpetual thing
00:42:58.47\00:43:01.38
until they die, but
it's something that they
00:43:01.44\00:43:03.71
don't have to
worry about, and that's a
00:43:03.78\00:43:05.78
pretty awesome tool.
- Oh, yeah. - To use.
00:43:05.88\00:43:08.25
I do wanna just go
back to the cash trust.
00:43:08.35\00:43:11.29
You know, we
mentioned cash trusts a little
00:43:11.39\00:43:13.56
bit, but that is a
revocable instrument
00:43:13.62\00:43:15.96
that pays a decent
amount of interest.
00:43:16.02\00:43:17.99
Right now, we have a
cash trust, a process
00:43:19.36\00:43:22.30
or program, and
we're, right now, earning
00:43:22.40\00:43:25.57
4.03% on the cash
trusts, which is a
00:43:25.70\00:43:30.21
pretty good rate for
this time of day and age
00:43:30.31\00:43:33.01
where money markets are
maybe at 1.5-1.75%. - And that
00:43:33.07\00:43:38.85
you have access to
your money. - Right away!
00:43:38.95\00:43:41.02
- Right away. If
you need the money...
00:43:41.08\00:43:42.42
- Right! - You can
have it. - That's right.
00:43:42.52\00:43:44.35
So, I just wanted
to share that. I didn't
00:43:44.45\00:43:46.49
want to go back, but
a cash trust is a great
00:43:46.55\00:43:50.03
instrument that instead
of sticking in the bank,
00:43:50.09\00:43:52.56
you can put in a cash
trust, you can withdraw
00:43:52.66\00:43:55.23
it anytime, it
gets good interest, and
00:43:55.33\00:43:57.63
it compounds if you
keep it in there, which
00:43:57.73\00:43:59.80
is a really helpful
tool later on in life.
00:43:59.87\00:44:01.90
- Now, I will add a
little bit of caution
00:44:02.00\00:44:03.91
to the withdrawing.
We're not a bank account.
00:44:03.97\00:44:07.38
We're not a bank. -
That's a good point. - And we
00:44:07.44\00:44:09.61
don't want individuals
constantly withdrawing
00:44:09.68\00:44:14.08
from their
account. It's meant to be an
00:44:14.15\00:44:17.02
emergency-type
request. - So, it's kind of like
00:44:17.15\00:44:20.16
a reserve of
resources that you don't need on
00:44:20.26\00:44:23.02
a monthly basis, and
that's... - But if you
00:44:23.12\00:44:25.16
need it, if you bang
up your car, you need
00:44:25.23\00:44:27.60
money, you can ask
for it. If you need to pay
00:44:27.70\00:44:30.50
your taxes...you
know. We never ask what the
00:44:30.60\00:44:33.64
emergency is. - Yeah,
yeah. - Of course, that's
00:44:33.70\00:44:35.90
their personal
business. - x2. - So going back
00:44:35.97\00:44:37.67
to annuities, can I
actually- I've mentioned
00:44:37.74\00:44:39.57
earlier-43 years
old- can I do an annuity?
00:44:39.61\00:44:41.41
- Probably not. You
could, but the interest
00:44:43.95\00:44:47.05
rate that would be
given you is based on your
00:44:47.12\00:44:49.82
age, which is very
minimal. - Okay, so
00:44:49.92\00:44:52.35
you recommend
annuities to what age range?
00:44:52.42\00:44:54.39
- 65 and up. - Okay.
- Is probably the best
00:44:54.46\00:44:56.93
age, and even
older now based on...
00:44:57.03\00:44:59.36
If you're 90, you
get 9%. - Wow, right.
00:45:00.50\00:45:03.97
Currently. -
Currently. If you're 65, you'll
00:45:04.03\00:45:07.37
probably get
somewhere between 4 and 5%.
00:45:07.44\00:45:09.37
- Now, there's something,
as we know... - And that's
00:45:09.47\00:45:12.14
guaranteed. - That's
right. We also provide-
00:45:12.21\00:45:14.08
say you really want
an annuity, and you're
00:45:14.18\00:45:17.65
in your 40s. And
so, what we do is we do
00:45:17.71\00:45:22.38
a deferred annuity.
And so, what we do is
00:45:22.45\00:45:26.02
we look at your
age, and then we decide
00:45:26.05\00:45:28.32
when you want to
start receiving payments,
00:45:28.39\00:45:31.96
and that's the
point that we would figure
00:45:32.03\00:45:36.20
out your interest rate
based on a standardization
00:45:36.30\00:45:40.34
that all those organizations
that provide charitable
00:45:40.40\00:45:44.41
gift annuities, we
use the same system and
00:45:44.51\00:45:47.41
same interest
rates. And so, you can do
00:45:47.51\00:45:51.21
it. We could keep
the money and defer it
00:45:51.28\00:45:54.38
until you reach 65,
66, 67, where your interest
00:45:54.52\00:45:58.59
rate is a lot better,
and then we would manage
00:45:58.65\00:46:00.92
it from that point
forward. - That makes
00:46:00.99\00:46:03.56
sense, Jason.
Mhm. - Yeah. The other
00:46:03.63\00:46:05.19
possibility, and
we encourage people to
00:46:05.26\00:46:07.33
do this... Deferred
is one way. Now, there is
00:46:07.40\00:46:10.80
start a cash trust.
- Okay. Start with a
00:46:10.90\00:46:13.64
cash trust. - And
the interest rates are
00:46:13.70\00:46:15.84
similar to what
you're referring to, but we
00:46:15.90\00:46:19.37
send out letters
about the last quarter of
00:46:19.54\00:46:24.31
the year and say,
"You have this much money
00:46:24.41\00:46:27.18
in the cash trust,
and at your age you could
00:46:27.28\00:46:32.25
earn this much
more." - Through an annuity,
00:46:32.32\00:46:34.49
or...? - Through a charitable
gift annuity, and people
00:46:34.56\00:46:36.73
will transfer money
from their cash trust to
00:46:36.79\00:46:39.53
the annuity. -
Okay. - And that works out
00:46:39.59\00:46:41.16
very well. - That's
right. - So either way:
00:46:41.23\00:46:42.63
deferred annuity or
starting a cash trust.
00:46:42.66\00:46:45.67
- Yeah. These are just
great tools to, you know,
00:46:45.80\00:46:49.50
keep your resources
secure and safe, but
00:46:49.60\00:46:52.21
also have a plan in
the future. - You got
00:46:52.27\00:46:54.58
some other documents,
Roy? - I do, and I want
00:46:54.68\00:46:56.34
to talk real
quickly about IRA rollover.
00:46:56.44\00:46:59.35
- Okay. - People
will call us and say, "I'd
00:46:59.45\00:47:02.35
like to roll my IRA
over to Three Angels
00:47:02.45\00:47:05.29
Broadcasting. We could
have millions of dollars
00:47:05.35\00:47:09.09
in our coffers if
we could accept IRA
00:47:09.19\00:47:12.56
rollovers. - I would
say that money wouldn't
00:47:12.63\00:47:15.46
stay in the
coffers long. It's gonna be
00:47:15.53\00:47:17.20
used for the Lord's
work. [laughs] - That's
00:47:17.30\00:47:18.73
right. However, IRS
says that rolling over
00:47:18.83\00:47:22.34
an IRA to a
charity- any charities, not
00:47:22.44\00:47:26.34
just 3ABN-that
can't be done...unless you
00:47:26.41\00:47:31.18
withdraw it from
your portfolio and pay the
00:47:31.28\00:47:35.08
taxes on it. - Mm. -
And we never encourage
00:47:35.18\00:47:38.09
people to do that. If
they do it, it's on their
00:47:38.19\00:47:40.89
own. However, IRS and
our Congress has passed
00:47:40.96\00:47:46.43
a law about three
years ago. When you're
00:47:46.56\00:47:51.23
70-and-a-half, you
have to take what's
00:47:51.33\00:47:55.70
required-a
required minimum deduction.
00:47:55.77\00:47:58.34
- Mm. - Distribution.
- Distribution. - Okay.
00:47:58.44\00:48:00.78
- From your IRA.
If you don't need that
00:48:00.88\00:48:04.75
money- and a lot
of people don't; they
00:48:04.85\00:48:07.32
have so much money
coming in from other investments
00:48:07.35\00:48:09.98
that they don't
need that but they're
00:48:10.09\00:48:11.79
required to take it.
So what better way of
00:48:11.85\00:48:14.72
helping a ministry
is taking that required
00:48:14.79\00:48:18.73
money and giving it
to 3ABN? - Okay. I see.
00:48:18.83\00:48:22.70
- There's a
certain way you have to do
00:48:22.80\00:48:26.07
it, and we don't have
time to talk about that.
00:48:26.17\00:48:27.94
Call us at (800)
886-4800 and we'll tell you how
00:48:28.04\00:48:35.11
to do that. - Okay.
- Even though you're
00:48:35.21\00:48:37.51
required to take that
amount, you can actually,
00:48:37.61\00:48:40.08
that amount, up to
$100,000, over and above what
00:48:40.15\00:48:44.62
that's required, you
can give to a charity.
00:48:44.69\00:48:47.02
- Wow. That's
great. - Right. And there's
00:48:47.12\00:48:48.49
tax benefits, as
well, for that when you have
00:48:48.59\00:48:51.89
the 70-and-a-half,
so... - You don't have to
00:48:51.99\00:48:53.90
report it as income.
- That's correct. - It's
00:48:54.00\00:48:55.83
not a deduction;
you just don't have to
00:48:55.96\00:48:57.47
report it. -
Right, and you don't get a
00:48:57.60\00:48:58.93
charitable deduction
for that because it's
00:48:58.97\00:49:02.44
the tax implications.
So, you don't have to
00:49:02.54\00:49:05.34
pay taxes, but you also
benefit the organization.
00:49:05.41\00:49:08.21
And so, it's kind
of a win-win situation,
00:49:08.31\00:49:10.95
the way I look at
it. - Oh, amen. - We're
00:49:11.01\00:49:15.08
cutting... Our time's
short. - Yeah, I know.
00:49:15.18\00:49:18.05
Our time is
getting away from us! - Do
00:49:18.12\00:49:19.49
we have enough time to
talk about donor-advised...
00:49:19.59\00:49:21.02
- Absolutely. - Okay. -
So, one of the instruments
00:49:21.12\00:49:24.46
that is very interesting
today is donor-advised
00:49:24.53\00:49:28.60
funds, and those
are instruments where,
00:49:28.66\00:49:31.90
let's say a donor
doesn't want the organization to
00:49:31.97\00:49:36.30
have all the money
right now. They want to give
00:49:36.37\00:49:38.51
it to them, but
they wanted to keep it
00:49:38.61\00:49:39.97
secure for maybe a
project that's coming
00:49:40.01\00:49:42.84
up. So, what they
would do is they would say...
00:49:42.94\00:49:45.18
Let's just say I
had $100,000 and I want
00:49:45.25\00:49:48.02
to give it to 3ABN,
but I wanted to restrict
00:49:48.08\00:49:49.75
it in a fund, in a
donor-advised fund,
00:49:49.82\00:49:53.12
for projects in the
future. So let's say,
00:49:53.22\00:49:56.83
Greg, you say, "We
have this project going
00:49:56.93\00:49:58.99
on. We need
either more equipment or
00:49:59.06\00:50:01.30
we need to do
something or we need to create
00:50:01.36\00:50:04.87
an app to give you
resources that you'll
00:50:04.93\00:50:07.87
benefit from," but
that costs money. So, a
00:50:07.97\00:50:11.14
donor-advised
individual would say, "You know
00:50:11.24\00:50:14.21
what, I want to
give $25,000 out of this
00:50:14.28\00:50:17.15
donor-advised fund
for this project." And so,
00:50:17.21\00:50:20.35
we would take
that money out of this
00:50:20.42\00:50:22.28
donor-advised
fund, and we would put it
00:50:22.38\00:50:24.12
in for that project.
And that way, the donor
00:50:24.22\00:50:26.99
sees their money
going for specific uses that
00:50:27.06\00:50:30.06
is restricted at 3ABN
but then utilized when
00:50:30.19\00:50:35.20
the donor wants it to
go for a specific project.
00:50:35.30\00:50:38.90
- So the donor's still
alive. - That's correct.
00:50:38.97\00:50:40.64
- ...They can see
what it's doing and what
00:50:40.74\00:50:42.07
project it's going
for. - That's right. So,
00:50:42.14\00:50:43.84
during life, an
intestate gift is a great way
00:50:43.91\00:50:48.48
to see how the
resources God has given you for
00:50:48.58\00:50:52.28
specific projects
and benefits. - Now, you
00:50:52.38\00:50:56.32
used a big word: intestate.
- Yes. Yes. - You explain
00:50:56.38\00:51:00.86
that real quick. -
So, an intestate gift is
00:51:00.92\00:51:03.59
a gift while you're
alive. And, you know,
00:51:03.66\00:51:07.13
yes, it's great
that when you die that
00:51:07.23\00:51:09.90
you give to 3ABN and
your family...but sometimes,
00:51:10.00\00:51:14.20
it's nice to see
how the money is being
00:51:14.27\00:51:18.64
utilized while
you're alive to see how it
00:51:18.71\00:51:20.91
benefits the
organization, like 3ABN, and the
00:51:20.98\00:51:24.65
benefits that it
provides around the world and
00:51:24.75\00:51:28.02
what we do. - Yeah.
So, we've talked about
00:51:28.08\00:51:30.19
a lot of different
things today. - We have.
00:51:30.29\00:51:31.75
- Stewardship, the
joy of giving, a lot of
00:51:31.85\00:51:33.46
different
documents... - And you learned a
00:51:33.56\00:51:35.22
new word: intestate.
- Yeah, that's right.
00:51:35.32\00:51:37.16
And the definition of
all the, like, the trust
00:51:37.26\00:51:40.10
and cash and
annuities and all that. But what
00:51:40.20\00:51:42.83
we want to do right
now is actually go to
00:51:42.93\00:51:44.27
our address roll, which
is the contact information
00:51:44.30\00:51:47.14
for Planned Giving &
Trust Services. Let's
00:51:47.20\00:51:49.77
go to that right
now. Write it down, and
00:51:49.87\00:51:51.44
you can get more
information from them.
00:51:51.54\00:51:53.21
- If you would
like to learn more about
00:51:56.01\00:51:57.35
3ABN Trust
Services and how to use your
00:51:57.38\00:52:00.32
financial resources,
investing wisely, and
00:52:00.42\00:52:03.32
at the same time helping
the work of your ministry,
00:52:03.39\00:52:05.65
then you can
contact them at 3ABN Trust
00:52:05.75\00:52:09.02
Services Post Office
Box 220 West Frankfort,
00:52:09.09\00:52:12.69
Illinois 62896.
That's 3ABN Trust Services
00:52:12.73\00:52:17.50
PO Box 220 West
Frankfort, IL 62896.
00:52:17.57\00:52:23.14
You can call (800)
886-4800. That's (800) 886-4800.
00:52:23.44\00:52:31.18
Or go to our
website at www.3ABN.org.
00:52:31.25\00:52:36.89