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 Program.
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I'm Jill Morikone.
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And we are so glad
that you've taken time
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from your day to
join us here at 3ABN.
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And sitting next to me
is my Sister Earleane Hunt.
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She is a Trust
Officer at our Plan Giving
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and Trust Services Department,
as well as the Office Manager.
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So at 3ABN, we all wear a
lot of hats and you do too.
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Yes, and it's more fun that way.
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I just wish we could
have different colored hats
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that would be kind of fun.
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Hey, that's an idea.
Let's put that out there.
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Yeah, see.
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Yeah, 3ABN would look
good on multicolored hats.
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It would indeed.
So we'll try that now.
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So because I said the word
Plan Giving and Trust Services,
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that might give you an
idea that we're talking about
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finances today.
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We're talking about stewardship.
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We're talking about
giving to the Lord's work
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and helping
yourself at the same time.
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And making plans for the future
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because that's
really important, isn't it?
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Yes, it really is.
It's vitally important.
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And that's why we're
here today to express
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how vitally
important this program is
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both for men and women.
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Absolutely.
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And seeing that we're ladies
here, and we have another lady
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we're going to introduce to you.
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And we have a gentleman
because we need to clearly
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round some things
out a bit here so,
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but we're talking specifically
today on women and finances.
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But I know, Jason,
you have a great deal
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of insight to
share into that as well.
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But we have Nancy O'Brien,
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who I used to work
with at the school.
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Nancy, how many years?
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We worked together 10
years at least it seems like.
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Oh, at least.
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I was there 14
years and you were there
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most of those years.
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You are our
principal, our first principal
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at the
Thompsonville Christian School.
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That was '99, you came,
I'm trying to remember...
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That's when the
school opened '99.
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Yeah, yeah.
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And then you
transition to the Plan Giving
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and Trust Services Department.
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Now you are a Trust Officer.
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And when did that
transition happen?
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2013 is when I
left the classroom
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with the smaller
children and came to Plan Giving
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and Trust Services,
I work with the older.
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We've been
blessed to have her too.
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She is absolutely
marvelous with our clients.
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She can chat with them,
she can present things...
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I have great people calling.
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And she's great at
praying for their needs.
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Amen. Amen.
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I love that
about the Plan Giving
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and Trust Services Department.
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Nancy, Earleane,
you're the same way.
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Each person there
has a heart for you,
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which is our 3ABN family.
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And that really comes across
when you talk on the phone,
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you want someone
to pray with you,
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and someone to
advise you, and to help you
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with these matters,
that's vitally important.
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Yeah, you're right.
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And sitting next to
you is Jason Bergmann,
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who's our CFO at 3ABN.
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And in addition, you also
happen to be a Trust Officer.
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I know that's not
your role here per say,
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but you also do that as well.
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Yeah.
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It's been almost 24 years
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as a Trust
Officer in the church.
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And coming here, a
little different role,
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but it's been a
blessing as well.
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And I love to be a part of 3ABN,
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and the
stewardship of God's money.
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Amen. Absolutely.
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So before we jump in to
women, especially in money,
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tell us why is stewardship
even important, Jason?
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You know, stewardship is a
way for us to build relationship
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with Jesus, and also
our brothers and sisters.
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It's all about
building relationship
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and getting ready
for Jesus to come.
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And He's entrusted us
with His resources to us.
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And that's what a steward is.
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It's basically a
manager of resources.
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And we're here to just use
the resources God has given us,
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not necessarily for us,
but for others to glorify God.
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Amen. Amen.
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Absolutely. And we want that.
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We wanna be good
stewards of time.
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That's right. Talents.
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That's right.
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Treasure, which we're
talking about today, right?
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All those are vitally important.
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Yes, they are. So...
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Being a good
steward in everything we do.
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Because when you
find the smallest things
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to be a good steward
in, when the big projects
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come along,
you're ready to face it.
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That's right. Absolutely.
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We need to even
teach our children.
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That's right. Yes, yes.
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So let's talk just a
moment about women and money.
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Now it's a good thing
for women sitting here
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talking about this.
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Go ahead. Let's
hear what you have.
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Because we could
say, you could be saying,
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"Well, why are you
talking about that?"
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But I'm a woman so I
guess maybe that helps.
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They say men buy and woman shop.
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Have you heard that before?
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So men say, "I'm going
in. I'm getting this item."
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And we kind of go in
maybe we take our time,
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go through the store.
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Now this is an
over generalization
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because there's some women...
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I don't know, I feel
like you're talking about me.
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Okay. Okay.
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That's what we do.
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Now, I looked up some
statistics that single men
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spend more on food than woman.
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Okay.
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But you can guess who
spends more on clothing,
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make a guess?
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Women? Yes.
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On clothes, personal care
products that type of stuff.
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How about shoes? That
would fall with clothes.
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That with the
cloths? Okay. Okay.
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I think so. Now what about cars?
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What do you think
about cars? Oh, men.
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He's looking real serious.
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Yeah, I think guys really
like, although I've seen both.
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Yeah. I...
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Statistically,
the website at least
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I looked at and you know,
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websites can be
a little different,
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but it said that men
usually spend a little more
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on cars than women.
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Yeah. What about entertainment?
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You didn't know, you
gonna be quizzed today?
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Equal. It is equal.
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Good job, Nancy.
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Especially for married couples,
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you kind of doing that together.
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Yes.
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And you can decide
whether you wanna spend more
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or if maybe now's
it's time to pull back
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on so much of that.
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Yes. Absolutely.
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That's good stewardship. Yeah.
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It is good stewardship.
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So if we think about investing,
they say, by and large,
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do you think men or women
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show more interest in investing?
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Oh, men.
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Yeah, I think so. Absolutely.
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They said, the disparity
between the sexes decreases
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with millennials.
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So younger women
would show more interest
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in investing then
maybe older women.
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But still it's very...
There's a vast difference.
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36% of millennial women say,
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they enjoy
managing their investments.
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70% of millennial men enjoy
managing their investments.
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Now the older you get,
the wider that disparity
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would even get, but
that's pretty wide in itself.
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Statistically, men would
know more about investing,
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men are more
confident with money.
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In fact, the director
at TD Ameritrade said that
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69% of her firm's
individual accounts
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are held by men
instead of women.
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However, if they look at
women who do invest versus men
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who invest, women
look more at the long term.
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Yeah.
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They're looking at putting
their kids through college.
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They wanna make sure
the mortgage is paid off.
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They want to
save for retirement.
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Men, by and large might
do a more risky investment,
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where women
wants something stable,
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they wanna make sure
they're taken care of.
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And if you think
about life expectancy,
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in developed
countries, traditionally women
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would live longer than men.
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They might live
to 79 years of age,
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a man might live 72 years.
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Less developed
countries, of course,
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the life expectancy is vast,
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it's less, you
know, it diminishes.
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But yet still women
would live longer than men.
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So why are we
saying all these things?
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Why is it important?
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Why do you all
think it's important that
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we talk about
investments with women?
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Why do women even need to be
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concerned with
finances and investments?
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Right.
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And some of that starts
with just starting to understand
00:08:49.72\00:08:53.60
what your husband has planned.
00:08:53.63\00:08:56.50
I think about a story
that woman didn't realize
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how much her husband had
actually put away for her.
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And when she started
to realize, you know,
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I really do have
something put away,
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but it wasn't because I did it,
it's because he did it for me,
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and I need to carry this on.
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And be able to leave
something for my children,
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my church, my family.
00:09:19.19\00:09:21.32
And women get into
thinking about that.
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Yeah. Absolutely.
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You know, I look at it
00:09:25.63\00:09:27.06
as if women are
gonna be living longer,
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they're gonna be
ending up with the money.
00:09:29.10\00:09:30.83
So even though the
guys may be managing,
00:09:30.87\00:09:33.13
I think it should be
a good relationship pair
00:09:33.17\00:09:36.27
kind of working
through things together.
00:09:36.30\00:09:38.17
But at the end,
it's gonna be the...
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the women are gonna
be managing the money.
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That's right.
00:09:41.81\00:09:43.14
The guy, poor guys are gonna be,
00:09:43.18\00:09:45.28
you know, leaving everything,
you know, leaving life
00:09:45.31\00:09:48.02
and leaving
everything to their spouse,
00:09:48.05\00:09:49.82
which I have great confidence
00:09:49.85\00:09:51.19
in my wife in
using the money wisely.
00:09:51.22\00:09:54.26
But, yeah, it's really important
00:09:54.29\00:09:55.79
for women to start thinking
00:09:55.82\00:09:57.33
about these things while
your mental state is crisp,
00:09:57.36\00:10:01.96
and you're able to see
what the family is trying
00:10:02.00\00:10:05.47
to do with the resources.
00:10:05.50\00:10:07.10
I wanna play on that,
while your mind is crisp.
00:10:07.14\00:10:11.57
If you're not thinking
about it now while you're young
00:10:11.61\00:10:14.58
and your mind is crisp,
you might be almost too late,
00:10:14.61\00:10:18.68
but not, give us a call.
00:10:18.71\00:10:20.62
That's right.
00:10:20.65\00:10:21.98
But it is very important
that we get involved with this
00:10:22.02\00:10:25.19
while our minds are young.
00:10:25.22\00:10:26.86
The statistics of Alzheimer's
has gotten out of control.
00:10:26.89\00:10:31.73
That's right.
That is a big issue.
00:10:31.76\00:10:35.56
Even if we only get
into the senile stage,
00:10:35.60\00:10:38.73
let's make our
plans early enough.
00:10:38.77\00:10:40.84
So that we are in a
team not just as a family,
00:10:40.87\00:10:44.64
but with God also.
00:10:44.67\00:10:46.04
Absolutely. We
must make our plans.
00:10:46.07\00:10:48.24
Absolutely. Right, right.
00:10:48.28\00:10:49.61
I know, my husband has
taught finances for years
00:10:49.64\00:10:53.05
and as to me it's boring.
00:10:53.08\00:10:54.62
So I just tuned them out.
00:10:54.65\00:10:56.25
And then it wasn't
until I started working with
00:10:56.28\00:10:58.45
thanksgiving and I realized oh,
00:10:58.49\00:11:00.46
you know, I don't really
know too much about this,
00:11:00.49\00:11:02.19
this is really new and
this is important to know.
00:11:02.22\00:11:05.09
That's right.
00:11:05.13\00:11:06.46
And so I think maybe
women of my age and older,
00:11:06.49\00:11:09.50
that's the way we were was.
00:11:09.53\00:11:10.97
The men handled
all the finances,
00:11:11.00\00:11:13.23
the women handled the home
and the children and left us
00:11:13.27\00:11:17.87
not knowing a
lot about finances.
00:11:17.91\00:11:19.67
But I think it's good that,
you know, the younger you are
00:11:19.71\00:11:22.21
just getting a
taste of the finances,
00:11:22.24\00:11:25.08
it gives you
that confidence level.
00:11:25.11\00:11:26.58
So when you get older, you know,
00:11:26.61\00:11:28.22
you're not stressed out
00:11:28.25\00:11:29.58
and, you know, the older we get,
00:11:29.62\00:11:30.95
we don't wanna be
stressed out, we want to know
00:11:30.99\00:11:33.19
what's happening,
when it's gonna happen,
00:11:33.22\00:11:34.96
at what time.
00:11:34.99\00:11:36.32
So we just feel
comfortable in living more
00:11:36.36\00:11:38.53
of a comfortable life.
00:11:38.56\00:11:39.89
But finances are a huge
part of everything that we do.
00:11:39.93\00:11:42.86
And to know about it
beforehand is a helpful way to,
00:11:42.90\00:11:46.70
you know, live out your life
in a way that is comfortable.
00:11:46.74\00:11:49.34
Right.
00:11:49.37\00:11:50.71
And even with our
youngest families,
00:11:50.74\00:11:53.38
it's so important that
mom and dad gather around
00:11:53.41\00:11:56.61
that dining room table,
pull your children into you
00:11:56.64\00:11:59.91
and start teaching
them about tithing,
00:11:59.95\00:12:02.58
about true stewardship,
and help them understand
00:12:02.62\00:12:05.69
what their plan is
with their Heavenly Father.
00:12:05.72\00:12:07.49
Amen.
00:12:07.52\00:12:08.86
You're starting a
good base for them.
00:12:08.89\00:12:10.23
Amen. Amen.
00:12:10.26\00:12:11.59
That's right. Yeah. Absolutely.
00:12:11.63\00:12:12.96
So whether you are single,
00:12:12.99\00:12:15.93
or married, or divorced,
00:12:15.96\00:12:19.20
or widowed, or part
of a blended family,
00:12:19.23\00:12:23.77
each one of those situations
00:12:23.81\00:12:25.64
we find ourself
in life is different.
00:12:25.67\00:12:29.14
But finances is something
that's vitally important
00:12:29.18\00:12:32.31
because it's important
to plan for the future.
00:12:32.35\00:12:35.08
Yes.
00:12:35.12\00:12:36.45
It's important that
your family members,
00:12:36.48\00:12:39.75
if you have children,
you know, to plan for.
00:12:39.79\00:12:41.89
Oh, I wanna
provide for my children.
00:12:41.92\00:12:44.26
And I wanna provide
for the Lord's work.
00:12:44.29\00:12:47.33
Right.
00:12:47.36\00:12:48.70
And I want to help
know that after I pass away
00:12:48.73\00:12:52.77
that those funds
will go to support
00:12:52.80\00:12:55.77
the spreading of the gospel
here at the ministry of 3ABN
00:12:55.80\00:12:59.37
and also a certain percentage
you can choose beneficiaries
00:12:59.41\00:13:02.64
and where you
want those funds to go
00:13:02.68\00:13:04.51
to family members
00:13:04.55\00:13:05.88
or what you
want to do with that.
00:13:05.91\00:13:07.25
So it gives peace of
mind, I think to have that.
00:13:07.28\00:13:09.08
Yes. Yeah.
00:13:09.12\00:13:10.45
And I'm gonna go
back to what you said
00:13:10.49\00:13:11.82
about blended families.
00:13:11.85\00:13:13.52
I encourage
everyone, blended family,
00:13:13.56\00:13:16.22
or your birth children.
00:13:16.26\00:13:19.26
It's important to
include all of them,
00:13:19.29\00:13:21.10
if you've already been a family.
00:13:21.13\00:13:22.53
That's right.
00:13:22.56\00:13:23.90
Think about
taking care of the future
00:13:23.93\00:13:25.97
of your children as well.
00:13:26.00\00:13:27.94
Do not anger your children,
00:13:27.97\00:13:30.31
because you only will
drive them away from God.
00:13:30.34\00:13:32.61
That's right.
00:13:32.64\00:13:33.98
Plan now that you're
going to work with everyone,
00:13:34.01\00:13:36.31
and they're all
gonna be in your family
00:13:36.34\00:13:38.71
when you get to the kingdom.
00:13:38.75\00:13:40.08
That's right. Absolutely.
00:13:40.12\00:13:41.48
So, Jason, talk to us a
bit about stewardship here,
00:13:41.52\00:13:43.72
before I know we got a
lot of different documents.
00:13:43.75\00:13:46.25
And we wanna talk about that.
00:13:46.29\00:13:47.62
So you are better equipped
to know what the choices are.
00:13:47.66\00:13:50.73
And you can always call our
00:13:50.76\00:13:52.16
Plan Giving and
Trust Services Department,
00:13:52.19\00:13:53.93
and they would be happy
to walk you through that.
00:13:53.96\00:13:55.83
But before we jump into that,
talk to us about stewardship.
00:13:55.86\00:13:57.30
Sure.
00:13:57.33\00:13:58.67
So, you know, I
shared a little bit about
00:13:58.70\00:14:01.44
stewardship in a
previous session.
00:14:01.47\00:14:05.61
But stewardship,
the way I look at it
00:14:05.64\00:14:07.58
is building relationships
00:14:07.61\00:14:09.54
and helping understand
what our responsibility is
00:14:09.58\00:14:14.08
with God's resources.
00:14:14.12\00:14:15.95
And if you look at, you know,
we have a Trust Department,
00:14:15.98\00:14:18.95
and we're entrusted
with God's resources.
00:14:18.99\00:14:22.79
Now, it's not all about money.
00:14:22.82\00:14:25.13
You know, it could be like
you said, it's about our time,
00:14:25.16\00:14:27.73
it's about our talents.
00:14:27.76\00:14:29.20
God has given
each one of us talents.
00:14:29.23\00:14:31.73
And we are responsible
to use those talents,
00:14:31.77\00:14:34.84
not for us, but to glorify God.
00:14:34.87\00:14:37.61
And that is critical, I
think, and that's all about
00:14:37.64\00:14:40.58
stewardship, because
once we understand that
00:14:40.61\00:14:43.35
we are managers of
what God has given us...
00:14:43.38\00:14:45.91
Yes.
00:14:45.95\00:14:47.28
It really gives us a new view
00:14:47.32\00:14:49.62
of what our
responsibilities are.
00:14:49.65\00:14:52.22
How it is very important to
utilize what God has given us,
00:14:52.25\00:14:57.56
and the time that He's
given us to use those resources.
00:14:57.59\00:15:01.50
And, you know, it's
a good responsibility.
00:15:01.53\00:15:05.03
It's an important
responsibility that,
00:15:05.07\00:15:07.24
you know, the
Lord could have said,
00:15:07.27\00:15:08.60
"You know, everything is Mine,
00:15:08.64\00:15:09.97
and I'll just give
you a little piece."
00:15:10.01\00:15:11.41
But instead He's like,
"I'm gonna give you everything,
00:15:11.44\00:15:15.04
but I want you to
return back to Me,
00:15:15.08\00:15:17.75
back to your family,
00:15:17.78\00:15:19.25
back to others, what
I've entrusted with you."
00:15:19.28\00:15:22.68
And what I found is the
more that the Lord entrust us
00:15:22.72\00:15:27.56
and that we return to
our brothers and sisters
00:15:27.59\00:15:30.89
and to our Heavenly
Father, the more He gives us.
00:15:30.93\00:15:33.70
Yes.
00:15:33.73\00:15:35.06
So, you may have
heard of LeTourneau.
00:15:35.10\00:15:38.50
He was an inventor of
earth moving equipment
00:15:38.53\00:15:42.47
and he once quipped that,
00:15:42.50\00:15:47.48
"I shovel it into the Lord
00:15:47.51\00:15:49.41
and He shovels it back,
00:15:49.44\00:15:51.35
but the Lord has
a bigger shovel."
00:15:51.38\00:15:53.15
Wonderful.
00:15:53.18\00:15:54.52
You know, what's
interesting, he grew up poor,
00:15:54.55\00:15:56.89
but when he grew up
and the Lord blessed him.
00:15:56.92\00:16:01.32
And, you know, Mr. LeTourneau
00:16:01.36\00:16:05.13
gave back to Lord
and gave more back.
00:16:05.16\00:16:07.80
He was giving up to 90% of
what he had back to the Lord.
00:16:07.83\00:16:13.34
And he had a lot of inventions.
He became a very wealthy man.
00:16:13.37\00:16:18.31
Now, I can tell you in...
00:16:18.34\00:16:21.84
It seems like a universal
rule. I haven't proved it.
00:16:21.88\00:16:24.91
But it seems even the ultra rich
00:16:24.95\00:16:26.68
will tell you that it's
good to give at least 10%
00:16:26.72\00:16:29.98
of your estate to
others or to ministries.
00:16:30.02\00:16:35.46
But I look at it as the
Lord is the greatest investor.
00:16:35.49\00:16:39.33
Yes.
00:16:39.36\00:16:40.70
And when you look at
the Lord being the investor,
00:16:40.73\00:16:43.80
He's entrusting
us, so if we give more
00:16:43.83\00:16:47.34
a better return on
His money to others,
00:16:47.37\00:16:50.51
what is He gonna do?
00:16:50.54\00:16:52.14
He may give us more.
00:16:52.17\00:16:54.31
He may give you more talent,
if you provide more talent.
00:16:54.34\00:16:57.31
It's kind of
like the Holy Spirit,
00:16:57.35\00:16:59.65
when you have a glass
of water and it's filled
00:16:59.68\00:17:02.38
and you do nothing with it,
what's the water gonna be like?
00:17:02.42\00:17:05.32
It's going to be stagnant.
00:17:05.35\00:17:06.86
But if you pour it out,
and you water the plants
00:17:06.89\00:17:10.83
or water others,
or increase others,
00:17:10.86\00:17:15.10
guess who fills it up?
00:17:15.13\00:17:17.80
You know, it's
our heavenly family.
00:17:17.83\00:17:19.17
Absolutely.
00:17:19.20\00:17:20.54
So when we do that,
and we return and recycle
00:17:20.57\00:17:23.71
what the Lord's given us.
00:17:23.74\00:17:25.11
That's what
stewardship is about.
00:17:25.14\00:17:26.91
It's not looking upon ourselves,
00:17:26.94\00:17:28.64
but it's looking to
our brothers and sisters,
00:17:28.68\00:17:31.21
our family and
our Heavenly Father.
00:17:31.25\00:17:33.38
I got a scripture here.
00:17:33.42\00:17:34.75
And just as you're
talking about that,
00:17:34.78\00:17:36.12
I thought this was a scripture
we had picked for the program.
00:17:36.15\00:17:39.19
I just told our producer,
let's do this scripture.
00:17:39.22\00:17:42.06
And it fits perfectly.
So I'm gonna read it here.
00:17:42.09\00:17:44.09
Luke 6:38, "Give, and
it will be given to you:
00:17:44.13\00:17:48.56
good measure, pressed
down, shaken together,
00:17:48.60\00:17:51.53
and running over will
be put into your bosom.
00:17:51.57\00:17:54.64
For with the same
measure that you use,
00:17:54.67\00:17:57.47
it will be
measured back to you."
00:17:57.51\00:17:59.91
So what you're saying
is we cannot outgive God.
00:17:59.94\00:18:02.54
Absolutely not. We cannot.
00:18:02.58\00:18:03.91
You know, and we
need to be careful
00:18:03.95\00:18:06.41
because we get these thoughts
that we can afford to give,
00:18:06.45\00:18:12.35
because it may affect,
you know, our resources.
00:18:12.39\00:18:15.72
Now there's a balance.
00:18:15.76\00:18:17.09
But I think, I
look it as the opposite.
00:18:17.13\00:18:19.76
We can afford not to
give, because that's who we are.
00:18:19.79\00:18:23.57
That's how God made
us to be able to share
00:18:23.60\00:18:26.94
the resources that are all His.
00:18:26.97\00:18:29.70
And that's a
huge responsibility.
00:18:29.74\00:18:32.71
And I just praise the
Lord that He's entrusted us
00:18:32.74\00:18:36.34
to partner with
Him with His resources
00:18:36.38\00:18:39.55
to bless others and glorify God.
00:18:39.58\00:18:42.88
Amen.
00:18:42.92\00:18:44.25
And in saying that, Jason,
I think that it's important
00:18:44.29\00:18:47.09
to remember too,
God asks us to give
00:18:47.12\00:18:50.33
and get back to Him,
but you can sometimes
00:18:50.36\00:18:52.56
get back to Him in the way
00:18:52.59\00:18:54.00
of providing for others as well.
00:18:54.03\00:18:56.36
Absolutely.
00:18:56.40\00:18:57.73
Your family, your
church, where your kids
00:18:57.77\00:19:00.17
are attending
school, Christian education,
00:19:00.20\00:19:03.34
that's all giving
back to the Lord's work.
00:19:03.37\00:19:05.91
And I think we need to
become very involved with seeing
00:19:05.94\00:19:08.98
what God wants us to do.
00:19:09.01\00:19:11.38
3ABN does that,
let the phone ring
00:19:11.41\00:19:13.21
and we say, hello,
00:19:13.25\00:19:14.65
and could you just
send me all your money,
00:19:14.68\00:19:16.05
that'd be just great.
00:19:16.08\00:19:17.42
We're not on to that. No.
00:19:17.45\00:19:18.82
We're here to help you plan
what your family, your church,
00:19:18.85\00:19:21.59
your community, what
God's called you to do.
00:19:21.62\00:19:24.59
You know, I look at 3ABN
as a conduit to use resources,
00:19:24.63\00:19:28.70
to share it with millions
of people around the world.
00:19:28.73\00:19:32.60
And how greater an opportunity
with all the resources
00:19:32.63\00:19:36.10
that He has given us.
00:19:36.14\00:19:37.47
We can share it with 3ABN,
and we'll take those resources
00:19:37.51\00:19:41.68
that you give us.
00:19:41.71\00:19:43.04
And we'll share that
the good news of Jesus
00:19:43.08\00:19:45.45
coming to millions of people.
00:19:45.48\00:19:47.42
Amen. I mean,
how awesome is that?
00:19:47.45\00:19:49.72
We don't always hear as many
mission stories as we used to.
00:19:49.75\00:19:51.89
Yeah.
00:19:51.92\00:19:53.25
Remember when you sat
and you listen to that
00:19:53.29\00:19:54.62
mission story every week?
00:19:54.66\00:19:56.02
And you were so excited because
even the children's story
00:19:56.06\00:19:58.59
was the mission stories.
00:19:58.63\00:19:59.96
That's right.
That was a great thing.
00:20:00.00\00:20:01.90
I was a missionaries' child.
00:20:01.93\00:20:03.97
I was on the
other side of the ocean.
00:20:04.00\00:20:05.37
I was born and raised in India.
00:20:05.40\00:20:08.07
If it wasn't for the
giving of the United States,
00:20:08.10\00:20:11.17
big portion at that time...
00:20:11.21\00:20:13.78
That's right. And
now we're International.
00:20:13.81\00:20:15.58
That's right. Yes.
00:20:15.61\00:20:16.95
And we're huge. Yeah.
00:20:16.98\00:20:18.31
If it wasn't for that giving,
the work of God couldn't go on
00:20:18.35\00:20:20.98
in other countries, either.
00:20:21.02\00:20:22.55
So God didn't call
you just put it back
00:20:22.58\00:20:24.19
in the offering plate
or just back over here.
00:20:24.22\00:20:26.22
That's right. Think about it.
00:20:26.25\00:20:27.72
What project
would God want me to do?
00:20:27.76\00:20:30.33
Absolutely.
00:20:30.36\00:20:31.69
What can I do?
And I'm very excited.
00:20:31.73\00:20:34.20
We just recently
adopted our first little girl.
00:20:34.23\00:20:36.97
That's going to be
our mission project.
00:20:37.00\00:20:38.77
And I got one from the very area
00:20:38.80\00:20:40.84
where my dad was the
educational superintendent
00:20:40.87\00:20:43.74
in southern Asia.
00:20:43.77\00:20:45.11
She's now ours.
And we're excited.
00:20:45.14\00:20:48.51
We're gonna do
her education for her.
00:20:48.54\00:20:49.98
We promised to put her
all the way through school.
00:20:50.01\00:20:51.98
Nice. We're excited about that.
00:20:52.01\00:20:54.55
So your money can go
where God calls you to put it.
00:20:54.58\00:20:57.32
Absolutely. Right.
00:20:57.35\00:20:58.85
And you think about
the ministry of 3ABN.
00:20:58.89\00:21:02.16
When you give to
the ministry here,
00:21:02.19\00:21:04.49
the gospel is
spread around the world.
00:21:04.53\00:21:07.20
I mean, what better avenue
because you think about people
00:21:07.23\00:21:10.60
who are, you know,
behind the closed doors
00:21:10.63\00:21:12.73
and if someone knocked
on their door and said,
00:21:12.77\00:21:14.60
here's the tract, or I
wanna give you a Bible study.
00:21:14.64\00:21:16.87
No, thank you.
And you shut the door.
00:21:16.91\00:21:18.57
But yeah, the television can
go where we literally cannot go.
00:21:18.61\00:21:22.78
So the ministry of 3ABN,
God can use to reach people.
00:21:22.81\00:21:27.72
We hear stories
every day... That's right.
00:21:27.75\00:21:29.88
From people who accepted Jesus
or who walked into a church.
00:21:29.92\00:21:33.22
You know, because of
hearing something on 3ABN.
00:21:33.25\00:21:36.12
So what if someone's...
00:21:36.16\00:21:37.49
This is a practical question,
what if someone's my age,
00:21:37.53\00:21:40.30
I guess I'm past millennial,
but a little bit pass,
00:21:40.33\00:21:43.37
not that much.
00:21:43.40\00:21:44.73
So what if someone's my age,
00:21:44.77\00:21:46.10
and they say,
okay, what can I do?
00:21:46.13\00:21:49.34
Is there something I can
do, Nancy, maybe what would
00:21:49.37\00:21:52.11
someone of my age be able to do?
00:21:52.14\00:21:54.78
Well, aside from
what we've already talked
00:21:54.81\00:21:56.95
about giving to
special projects.
00:21:56.98\00:21:59.55
We offer the
trusts that they can put,
00:21:59.58\00:22:03.82
they can invest
their money in and still be
00:22:03.85\00:22:06.19
able to use it if they need it.
00:22:06.22\00:22:07.89
Someone your age, you know,
do you have more in the future,
00:22:07.92\00:22:11.33
probably than
you do in the past.
00:22:11.36\00:22:12.99
So you still want to preserve
00:22:13.03\00:22:15.73
what you can or take care
of yourself in the future,
00:22:15.76\00:22:18.10
or even if you're,
you know, your spouse,
00:22:18.13\00:22:20.54
the children, whatever,
maybe even your parents.
00:22:20.57\00:22:24.47
So what's the Cash Trust?
00:22:24.51\00:22:26.21
And what does that mean?
What does that look like?
00:22:26.24\00:22:27.74
And...
00:22:27.78\00:22:29.11
Okay, a Cash Trust is
kind of what it sounds like.
00:22:29.14\00:22:31.71
It's a trust that you put
finances and your money in.
00:22:31.75\00:22:35.15
And there is...
00:22:35.18\00:22:36.72
It does have to be
$10,000, if you're single,
00:22:36.75\00:22:39.05
this is a single account.
00:22:39.09\00:22:40.66
$20,000 if it's
gonna be a joint account,
00:22:40.69\00:22:42.92
but it's
invested and you earn an
00:22:42.96\00:22:45.79
interest payment from it.
00:22:45.83\00:22:47.43
And depending on
the amount you put in,
00:22:47.46\00:22:50.80
you're gonna get a
monthly interest payment
00:22:50.83\00:22:52.57
or a quarterly interest payment.
00:22:52.60\00:22:56.34
And right now, it's
kind of interesting.
00:22:56.37\00:22:57.87
It's earning 4%, which
is a whole lot better than,
00:22:57.91\00:23:00.78
you know, in a checking
account or in a money market.
00:23:00.81\00:23:03.91
The other thing,
what's great about a trust
00:23:03.95\00:23:05.81
is it's revocable.
00:23:05.85\00:23:07.38
So, you know, the life
changing events happen.
00:23:07.42\00:23:10.45
So you can take that
money back out, still, you know,
00:23:10.49\00:23:13.59
gain the interest,
which is better than
00:23:13.62\00:23:15.19
a checking account.
00:23:15.22\00:23:16.56
But also this is
more Cash Trust or I mean,
00:23:16.59\00:23:19.33
when you agree that it's
more for a reserve account
00:23:19.36\00:23:22.93
for a future to utilize.
00:23:22.96\00:23:27.57
You know, you
operate your daily activity,
00:23:27.60\00:23:30.01
you wanna keep that
in your checking account.
00:23:30.04\00:23:31.91
But more for a savings or
reserve account in the future,
00:23:31.94\00:23:35.84
I would think that
a Cash Trust earning
00:23:35.88\00:23:37.81
4% currently right
now is a great option,
00:23:37.85\00:23:40.95
a great investment
tool for I would say
00:23:40.98\00:23:44.45
the 40s, maybe 50s.
00:23:44.49\00:23:47.72
But yeah, even
in the 60s or 70s.
00:23:47.76\00:23:50.09
I think it's a great tool.
00:23:50.13\00:23:51.46
Or 20s? Or 20.
00:23:51.49\00:23:52.83
Someone in their
20s, says, hey, you know,
00:23:52.86\00:23:54.20
I have some money
00:23:54.23\00:23:55.56
and it's sitting
in a checking account.
00:23:55.60\00:23:56.93
That's right. That's right.
00:23:56.97\00:23:58.30
It could be invested, it
could be drawing interest.
00:23:58.33\00:23:59.93
And it's very safe.
00:23:59.97\00:24:01.84
And it's a great tool
that all of us, you know,
00:24:01.87\00:24:06.91
whatever age
group that you're in,
00:24:06.94\00:24:09.01
you can utilize this
and, you know, be a blessing
00:24:09.04\00:24:12.45
and have a good
interest rate where, you know,
00:24:12.48\00:24:14.72
you have saved money earning
4%, which that's a good rate,
00:24:14.75\00:24:19.62
especially in today's
dollars and investing.
00:24:19.65\00:24:23.19
Excellent rate.
00:24:23.22\00:24:24.56
Excellent. Yeah.
00:24:24.59\00:24:25.93
I like to brag about
how good it really is.
00:24:25.96\00:24:27.30
Yeah.
00:24:27.33\00:24:28.66
Because it feels
good to talk about it.
00:24:28.70\00:24:30.43
Because we know,
we're blessing your family.
00:24:30.47\00:24:34.04
And we are also blessing
your giving possibilities.
00:24:34.07\00:24:37.37
That's right.
00:24:37.41\00:24:38.74
Because that
interest can be accrued,
00:24:38.77\00:24:41.34
that interest can be
taken by you and applied.
00:24:41.38\00:24:44.41
People are taking the interest
00:24:44.45\00:24:47.05
and turning it right
back to 3ABN every month.
00:24:47.08\00:24:50.15
That's a blessing.
That's a good thing.
00:24:50.19\00:24:52.29
And if you haven't decided
to do that, give us a call
00:24:52.32\00:24:55.79
because we can
arrange that for you.
00:24:55.82\00:24:58.09
And being able to get
that donation right back
00:24:58.13\00:25:00.53
to 3ABN every
month is a good plan.
00:25:00.56\00:25:03.83
God will bless you.
00:25:03.87\00:25:05.40
What's the Trust
Service number and then,
00:25:05.43\00:25:06.77
well, I see you, Jason?
00:25:06.80\00:25:08.27
800-886-4800.
00:25:08.30\00:25:12.64
800-886-4800.
00:25:12.67\00:25:16.54
And somebody standing by
even though we're missing.
00:25:16.58\00:25:20.42
You know, that's a great
way for systematic giving.
00:25:20.45\00:25:23.75
When we think
about systematic giving,
00:25:23.79\00:25:25.65
we hear about in our
churches, but, you know,
00:25:25.69\00:25:27.99
3ABN is an organization
that really appreciates
00:25:28.02\00:25:32.89
systematic giving.
00:25:32.93\00:25:34.30
These monthly donations
that come in really help
00:25:34.33\00:25:38.07
in how we can
provide good quality content
00:25:38.10\00:25:41.57
to share around the world
about Jesus and His love for us,
00:25:41.60\00:25:45.11
and how we can
share the good news.
00:25:45.14\00:25:46.88
So the kingdom of
heaven can be grown by
00:25:46.91\00:25:49.84
what we do here
and by your support.
00:25:49.88\00:25:52.08
Amen.
00:25:52.11\00:25:53.45
And then we have several people
00:25:53.48\00:25:54.82
that are doing that.
00:25:54.85\00:25:56.18
They're saying, okay, I
want 10 or 15% every month
00:25:56.22\00:25:59.25
before you put in my
interest, take 10 or 15%,
00:25:59.29\00:26:02.66
and give it to 3ABN.
00:26:02.69\00:26:04.46
And so it is a very
systematic way of giving.
00:26:04.49\00:26:08.50
And they seem very
happy about it, you know,
00:26:08.53\00:26:10.83
because they
don't have to remember,
00:26:10.87\00:26:12.23
oh, I have to send
another check this month.
00:26:12.27\00:26:13.60
That's right. That's
right. Oh, of course.
00:26:13.64\00:26:15.64
So, I'm thinking
nuts and bolts here.
00:26:15.67\00:26:18.04
If I have a Cash Trust,
say, I'm a couple, I'm married,
00:26:18.07\00:26:20.88
we start with $20,000.
00:26:20.91\00:26:22.38
And then I say, a
year down the line,
00:26:22.41\00:26:25.81
oh, I have a little more
money and I wanna invest that,
00:26:25.85\00:26:28.65
can I add to it?
00:26:28.68\00:26:30.02
Yes.
00:26:30.05\00:26:31.39
And if so, is
there dollar amount
00:26:31.42\00:26:32.75
or how does that work?
00:26:32.79\00:26:34.12
You can add any amount to it.
00:26:34.16\00:26:35.49
Once you have it established,
the minimum has been paid,
00:26:35.52\00:26:37.03
you can add any amount.
00:26:37.06\00:26:38.39
And we have people
that send in consistently
00:26:38.43\00:26:40.10
like $100 a month.
00:26:40.13\00:26:42.33
And others it's like
maybe once every couple years,
00:26:42.36\00:26:44.73
they get like you
said a little extra
00:26:44.77\00:26:46.10
and they put it
into their Cash Trust.
00:26:46.13\00:26:48.00
And it's also as
you said, revocable,
00:26:48.04\00:26:50.57
so we have people that
call in and they'll say,
00:26:50.61\00:26:53.01
the storm blew my
roof, part of my roof off.
00:26:53.04\00:26:56.11
Can I have some of
the money back, you know,
00:26:56.14\00:26:57.91
and we say, oh, certainly.
00:26:57.95\00:26:59.28
You just have to
put it in writing,
00:26:59.31\00:27:01.05
because you can't do
anything with your money
00:27:01.08\00:27:03.08
unless you put it in writing.
00:27:03.12\00:27:05.05
And you can, you know,
withdraw whatever you need to,
00:27:05.09\00:27:08.06
for those kinds of emergencies
or unexpected expenses.
00:27:08.09\00:27:11.06
That's right. Absolutely.
00:27:11.09\00:27:12.43
How long does it
take to get that?
00:27:12.46\00:27:13.86
If I put it in
writing, do I have to wait
00:27:13.90\00:27:15.56
a month to get it?
00:27:15.60\00:27:16.93
How long does it take?
00:27:16.97\00:27:18.30
Well, once we
receive the request,
00:27:18.33\00:27:19.67
as soon as it
just takes a few days,
00:27:19.70\00:27:21.04
it depends on the
amount if you're asking
00:27:21.07\00:27:22.47
for 300,000 back, it
might take a little bit
00:27:22.50\00:27:24.47
longer than a couple days but...
00:27:24.51\00:27:26.17
You know, and what's good
is if it's needed right away,
00:27:26.21\00:27:29.21
we're happy to wire the money.
00:27:29.24\00:27:30.71
We can ACH which is little,
00:27:30.75\00:27:33.31
it's less
expensive to do an ACH,
00:27:33.35\00:27:35.85
which it takes two
days in for that process.
00:27:35.88\00:27:38.95
But usually a turnaround
time is within a week or less.
00:27:38.99\00:27:43.29
It's usually within a few days.
00:27:43.32\00:27:44.66
Yeah, we've had
some within three days.
00:27:44.69\00:27:46.26
Yeah, absolutely.
00:27:46.29\00:27:47.63
Some banks are
right on posting it
00:27:47.66\00:27:49.00
as soon as we release it.
00:27:49.03\00:27:50.47
And we release it
as fast as we can...
00:27:50.50\00:27:53.10
Once we've gotten
your written notice.
00:27:53.13\00:27:55.00
Your morning
requests go faster than
00:27:55.04\00:27:56.77
your afternoon request.
00:27:56.81\00:27:58.14
Yes, of course.
00:27:58.17\00:27:59.51
And I love that because
basically that's peace of mind.
00:27:59.54\00:28:01.31
Right. Yes.
00:28:01.34\00:28:02.68
It is, isn't it?
00:28:02.71\00:28:04.21
What about talk to us
about another document,
00:28:04.25\00:28:06.18
what about CGAs,
Charitable Gift Annuity?
00:28:06.21\00:28:08.65
Well, now the
Charitable Gift Annuity
00:28:08.68\00:28:10.45
is a little bit different plan.
00:28:10.49\00:28:12.02
Okay.
00:28:12.05\00:28:13.39
Some people don't wanna
have their money tied up
00:28:13.42\00:28:16.29
and can't get it back.
00:28:16.32\00:28:18.13
But don't worry about it.
Remember, it's God's money.
00:28:18.16\00:28:20.80
So think about that
while I tell you about
00:28:20.83\00:28:22.83
Charitable Gift Annuities.
00:28:22.86\00:28:24.57
It is God's money,
and somewhere along
00:28:24.60\00:28:27.74
the line you
have in your mindset,
00:28:27.77\00:28:30.47
I am going to give
this to the Lord's work.
00:28:30.51\00:28:33.71
God gave it to me,
now it's gonna be time
00:28:33.74\00:28:35.74
for me to give it to Him.
00:28:35.78\00:28:37.65
So you prepare the document.
00:28:37.68\00:28:40.18
And many people have done
it, so they're not afraid of it.
00:28:40.22\00:28:43.15
I wanna emphasize,
we have many of those
00:28:43.18\00:28:45.35
and we thank God for each person
00:28:45.39\00:28:47.12
who has done that for us.
00:28:47.16\00:28:49.06
On those
documents, it's irrevocable.
00:28:49.09\00:28:53.50
So what you put in,
you will not see that
00:28:53.53\00:28:56.13
full dollar amount again,
because it becomes reduced
00:28:56.16\00:28:59.43
as your interest
is paid through to you
00:28:59.47\00:29:02.24
through the years.
00:29:02.27\00:29:03.71
So it's more than
just interest, right?
00:29:03.74\00:29:06.11
Its interest and part principle.
00:29:06.14\00:29:08.04
Both. Yeah.
00:29:08.08\00:29:09.41
Okay. Right.
00:29:09.44\00:29:10.78
And it's for
lifetime For lifetime.
00:29:10.81\00:29:13.31
So you telling
me it's guaranteed?
00:29:13.35\00:29:15.78
It's guaranteed.
It's guaranteed for life.
00:29:15.82\00:29:17.42
That's right.
00:29:17.45\00:29:18.79
Now, if you're just
starting out in your 65,
00:29:18.82\00:29:21.39
and you wanna get into
it, great time to start.
00:29:21.42\00:29:24.39
Sixty five years old,
put your money in there.
00:29:24.43\00:29:27.23
And then you're gonna
be earning the interest
00:29:27.26\00:29:31.07
will be paying you
from both, like you said,
00:29:31.10\00:29:34.40
and maybe you
last another 20 years.
00:29:34.44\00:29:38.04
And part of that
money still left there.
00:29:38.07\00:29:40.81
You were 80 when you
did it, and now you're 100.
00:29:40.84\00:29:44.15
We actually have
some of those out there.
00:29:44.18\00:29:46.38
So don't ever think
you're too old to do
00:29:46.41\00:29:47.92
one of these for God.
00:29:47.95\00:29:49.28
That's right. So
invest your money.
00:29:49.32\00:29:51.65
What still is in the account.
Oh, this is such a blessing.
00:29:51.69\00:29:55.42
What still in the
account is for God
00:29:55.46\00:29:58.66
and for this ministry
to tell the story of Jesus.
00:29:58.69\00:30:03.20
That's what that
money is left therefore.
00:30:03.23\00:30:05.27
Thank you.
00:30:05.30\00:30:06.63
So you're saying that
00:30:06.67\00:30:08.00
when you do a
Charitable Gift Annuity,
00:30:08.04\00:30:09.70
that it's
irrevocable, but you have
00:30:09.74\00:30:11.61
a guaranteed interest
for the rest of your life?
00:30:11.64\00:30:14.54
It's a
guaranteed income. Income.
00:30:14.58\00:30:16.11
Income. Okay?
00:30:16.14\00:30:17.51
And what percentage?
00:30:17.55\00:30:18.88
I mean, do we know
does it depend on your age
00:30:18.91\00:30:20.52
does it depends...
00:30:20.55\00:30:21.88
It depends on your
age. How much you put in?
00:30:21.92\00:30:23.35
Yeah. It depends on...
00:30:23.39\00:30:24.72
If it's a one
life or a two life,
00:30:24.75\00:30:26.65
it depends on
your life expectancy,
00:30:26.69\00:30:28.66
which we have tables.
When your birthday is.
00:30:28.69\00:30:30.36
So, yes, we're gonna ask
you, when your birthday is.
00:30:30.39\00:30:33.23
Some people will,
don't ask me my birthday.
00:30:33.26\00:30:35.00
Yeah. God loves your birthday.
00:30:35.03\00:30:37.07
He gave you your
life on that day.
00:30:37.10\00:30:38.97
And when you go to
invest and it's gonna be
00:30:39.00\00:30:40.67
for the Lord's work.
00:30:40.70\00:30:42.04
Tell us your
birthday. It's very important.
00:30:42.07\00:30:43.64
Right.
00:30:43.67\00:30:45.01
Now, if you're 90 years
old, wonder how many people
00:30:45.04\00:30:48.91
are 90 year old and
they haven't planned yet.
00:30:48.94\00:30:52.25
Give me a call. I've
got a senior citizen plan.
00:30:52.28\00:30:54.92
The older you get,
the better it becomes.
00:30:54.95\00:30:56.89
That's right. Yeah.
00:30:56.92\00:30:58.25
Climb up to 9.5%. Really?
00:30:58.29\00:31:00.26
That's right. Yeah. 9.5%.
00:31:00.29\00:31:02.62
So we're here... You're kidding?
00:31:02.66\00:31:04.09
9.5% for the rest of
your life, guaranteed.
00:31:04.13\00:31:07.46
For the rest of
your life, Jason.
00:31:07.50\00:31:09.56
Whether it be a
monthly distribution
00:31:09.60\00:31:12.23
as far as your
income or a quarterly
00:31:12.27\00:31:14.17
or semi annually
or annually, 9.5%.
00:31:14.20\00:31:17.27
I mean, you have to be
00:31:17.31\00:31:18.64
90 years old or a
little bit higher,
00:31:18.67\00:31:20.21
you know, a little
bit older than that.
00:31:20.24\00:31:21.78
But, you know, I see it
as a very effective tool
00:31:21.81\00:31:27.75
for those people who
want a stream of income
00:31:27.78\00:31:31.45
for the rest of their
life, like kind of a paycheck.
00:31:31.49\00:31:35.09
And what I've seen it's a peace
of mind that people, you know,
00:31:35.12\00:31:39.29
they like it so
much once they do it,
00:31:39.33\00:31:41.66
they do more than
one, more than two.
00:31:41.70\00:31:44.80
We have some person
that has given it like.
00:31:44.83\00:31:46.94
A whole drawer full. Oh, yeah.
00:31:46.97\00:31:49.04
A whole file drawer full. Yeah.
00:31:49.07\00:31:51.71
So. Yeah, I mean...
00:31:51.74\00:31:53.07
Interest is coming
from somewhere else.
00:31:53.11\00:31:54.64
And instead of
wasting that interest...
00:31:54.68\00:31:56.04
Yeah.
00:31:56.08\00:31:57.41
She's calling us and
saying, do me another one.
00:31:57.45\00:31:59.01
That's right. Do me another one.
00:31:59.05\00:32:00.82
When I leave this earth,
God's gonna need this money.
00:32:00.85\00:32:03.72
You know, and I think
because people worry less
00:32:03.75\00:32:06.92
with Charitable Gift Annuities
and have that stream of income,
00:32:06.96\00:32:10.06
they live longer.
00:32:10.09\00:32:11.43
Of course.
00:32:11.46\00:32:12.79
And we've seen that
over and over again,
00:32:12.83\00:32:14.43
they don't pass
their life expectancy,
00:32:14.46\00:32:17.90
they fly by
their life expectancy.
00:32:17.93\00:32:19.50
Yeah. They fly by.
00:32:19.53\00:32:21.10
And, you know,
it's a blessing to them.
00:32:21.14\00:32:23.07
And it's a real,
it's a win-win situation.
00:32:23.10\00:32:25.64
It's a win for our organization,
00:32:25.67\00:32:27.28
because whatever's left,
00:32:27.31\00:32:28.84
and sometimes we
use all that they gave,
00:32:28.88\00:32:32.31
because they live longer
than the life expectancy,
00:32:32.35\00:32:34.75
but that's okay.
00:32:34.78\00:32:36.12
We do that because
we offer that service.
00:32:36.15\00:32:38.55
But really, it's a
blessing to our constituents
00:32:38.59\00:32:41.12
that when they give,
they got a stream of income,
00:32:41.16\00:32:43.29
they don't have
to worry about it.
00:32:43.32\00:32:44.66
It's the rest of their life.
00:32:44.69\00:32:46.49
And it's up to 9.5%
for those who, you know,
00:32:46.53\00:32:49.20
get to 90, you know...
00:32:49.23\00:32:50.57
I'm gonna point out one thing.
00:32:50.60\00:32:52.57
Just in case you
think that when you're 65,
00:32:52.60\00:32:56.87
when you're 75,
your rates gonna change
00:32:56.91\00:32:58.61
and when you're 85 it's
gonna change, it doesn't.
00:32:58.64\00:33:01.14
It's the day you
bought the annuity.
00:33:01.18\00:33:03.38
That's right. Okay.
00:33:03.41\00:33:04.75
Your age stays with
the date you bought it.
00:33:04.78\00:33:07.35
So with the
person we were talking
00:33:07.38\00:33:09.42
about with a drawer full.
00:33:09.45\00:33:11.19
She'd been doing
that for 10 years.
00:33:11.22\00:33:12.89
Yeah. Yeah.
00:33:12.92\00:33:14.26
So everyone will have
a different rate then?
00:33:14.29\00:33:15.62
So each one has
a different rate.
00:33:15.66\00:33:16.99
I got it.
00:33:17.03\00:33:18.36
So your rate changes
based on your age or...
00:33:18.39\00:33:19.76
When you enter. That's correct.
00:33:19.79\00:33:21.13
At that time. Yes.
00:33:21.16\00:33:22.50
So a couple of years ago
when the rate went back up,
00:33:22.53\00:33:23.97
she hopped up too.
00:33:24.00\00:33:25.33
Yeah. Yeah. Yeah.
00:33:25.37\00:33:26.70
Thank you, Lord, for people
who are willing to do this
00:33:26.74\00:33:29.67
and turn around and give it
00:33:29.70\00:33:31.04
as a gift to
3ABN at their demise.
00:33:31.07\00:33:33.41
That's right. Yes.
00:33:33.44\00:33:34.88
So if you were interested
in Charitable Gift Annuity,
00:33:34.91\00:33:37.88
you have to be a certain
age to enter this, right?
00:33:37.91\00:33:39.78
That's right. What's the age?
00:33:39.81\00:33:41.15
65.
00:33:41.18\00:33:42.52
So if you are 65 or
above, we encourage you
00:33:42.55\00:33:45.02
to call our Plan Giving
and Trust Services Department,
00:33:45.05\00:33:47.52
give us our number again.
00:33:47.56\00:33:48.92
800-886-4800.
00:33:48.96\00:33:53.29
There's the
number on the screen.
00:33:53.33\00:33:55.16
And give us that call.
00:33:55.20\00:33:56.70
You'll be surprised
what we can offer you.
00:33:56.73\00:33:58.97
You'll be
surprised how you can jump in
00:33:59.00\00:34:01.10
and support the Lord's
work, even if you thought
00:34:01.14\00:34:03.47
you had no money to do it.
00:34:03.51\00:34:05.81
There is a way
to start some plans.
00:34:05.84\00:34:08.71
So I'm gonna muddy the
water and say, yes, at 65, 66,
00:34:08.74\00:34:13.31
that's usually the
time and it's usually
00:34:13.35\00:34:16.12
for interest rate purposes,
00:34:16.15\00:34:17.49
it's the most
effective for both parties.
00:34:17.52\00:34:20.39
However, if you're younger,
and you don't know what to do
00:34:20.42\00:34:23.06
with the money, but
you believe in 3ABN,
00:34:23.09\00:34:27.03
we can do a
Deferred Gift Annuity,
00:34:27.06\00:34:29.83
where we could hold
that until a certain point
00:34:29.86\00:34:33.30
when you get so.
00:34:33.34\00:34:34.67
If you're in your 40s
or 50s, or even late 50s
00:34:34.70\00:34:37.61
and you say I wanna do
a Charitable Gift Annuity,
00:34:37.64\00:34:39.34
but I don't want my
payment until I'm 65.
00:34:39.37\00:34:42.08
We can hold
that until you're 65,
00:34:42.11\00:34:45.18
we invest it and it grows
to the point when you reach 65.
00:34:45.21\00:34:49.98
That's when the Charitable
Gift Annuity gets in gear
00:34:50.02\00:34:54.22
and we start sending
the payments after you.
00:34:54.26\00:34:55.86
So you would not start
to see a return for yourself
00:34:55.89\00:34:58.13
and we start sending
on the payments after
00:34:58.16\00:34:59.49
investment until you reach 65.
00:34:59.53\00:35:00.86
And that's why
they call it a Deferred.
00:35:00.90\00:35:02.23
Deferred. Got it.
00:35:02.26\00:35:03.60
Yeah. Yeah. Yeah,
it's an excellent plan.
00:35:03.63\00:35:04.97
So the younger can get involved.
00:35:05.00\00:35:06.33
That's right.
00:35:06.37\00:35:07.70
And I appreciate
you bringing that up,
00:35:07.74\00:35:09.07
because that is one
that the younger people
00:35:09.10\00:35:11.37
can definitely do.
00:35:11.41\00:35:13.27
I didn't even know that.
So I learned something new.
00:35:13.31\00:35:15.24
Yeah, and the interest
rate for that is bumped up
00:35:15.28\00:35:17.91
because you have
invested for a number of years.
00:35:17.95\00:35:19.71
That's correct.
00:35:19.75\00:35:21.08
So it's a better
interest rate for your age too.
00:35:21.12\00:35:23.62
Okay. What about Property Trust?
00:35:23.65\00:35:25.19
I know we talked
about Cash Trust,
00:35:25.22\00:35:27.32
and that's the dollar amount
00:35:27.36\00:35:28.89
you can put in
that's at any age,
00:35:28.92\00:35:30.46
but what is a Property Trust?
00:35:30.49\00:35:31.83
What does that mean?
00:35:31.86\00:35:33.19
Property Trust, I
think are really important
00:35:33.23\00:35:35.33
in that
especially if your family's
00:35:35.36\00:35:37.67
not around you.
00:35:37.70\00:35:39.33
There's so many people
that and this buys to me too.
00:35:39.37\00:35:42.47
My daughter is
over 600 miles away.
00:35:42.50\00:35:45.07
Okay, if my husband and I
were to suddenly pass away,
00:35:45.11\00:35:49.58
it would be a burden to
her to come here and to try to,
00:35:49.61\00:35:53.98
you know, sell our home,
00:35:54.02\00:35:55.92
take care of all the furnishings
00:35:55.95\00:35:57.29
and to do everything.
00:35:57.32\00:35:58.92
Property Trust is a blessing,
00:35:58.95\00:36:01.22
and that we put
it into the trust.
00:36:01.26\00:36:03.73
And we give that
duty, you might say to
00:36:03.76\00:36:07.50
Three Angels
Broadcasting, they become,
00:36:07.53\00:36:09.46
when my husband and I pass away,
00:36:09.50\00:36:11.43
3ABN becomes the
successor trustee
00:36:11.47\00:36:13.34
and takes care of everything.
00:36:13.37\00:36:15.10
They come, they put
the house up for sale,
00:36:15.14\00:36:17.87
they take care of the
realtor, they take care of even
00:36:17.91\00:36:20.94
taking care of the
property until it's sold.
00:36:20.98\00:36:23.65
So it's really no
burden at all to the family
00:36:23.68\00:36:26.38
when you pass away then.
00:36:26.41\00:36:27.75
And does that mean, I'm sorry,
if you have a Property Trust,
00:36:27.78\00:36:30.09
you can still make a
decision and say like for you,
00:36:30.12\00:36:32.45
for instance, you
want your daughter
00:36:32.49\00:36:34.09
to get be a beneficiary
of certain percentage,
00:36:34.12\00:36:36.19
then 3ABN would get
a certain percentage,
00:36:36.22\00:36:37.96
you can still choose that too?
00:36:37.99\00:36:39.33
Yes.
00:36:39.36\00:36:40.70
And we always ask that
3ABN get a minimum of 25%,
00:36:40.73\00:36:43.33
but the other 75%
can go to your family,
00:36:43.37\00:36:46.40
can go to friends, can
go to other ministries.
00:36:46.43\00:36:49.00
You can decide what you wanna do
00:36:49.04\00:36:51.61
with the money that
after you've passed away.
00:36:51.64\00:36:54.28
But I think the
greatest blessing is that
00:36:54.31\00:36:56.11
it's not a
burden to your family.
00:36:56.14\00:36:57.48
Yeah.
00:36:57.51\00:36:58.85
Because so many who
call in and say, well,
00:36:58.88\00:37:00.72
I've got two
children in Pennsylvania,
00:37:00.75\00:37:02.75
one in Texas and
one over in Washington.
00:37:02.78\00:37:05.02
And I live in
Tennessee. That's right.
00:37:05.05\00:37:06.89
And it's like, I don't want
my kids to have to worry about
00:37:06.92\00:37:09.29
taking care of
everything when I'm gone.
00:37:09.32\00:37:11.63
And so that's when a trust is
a real blessing to the family.
00:37:11.66\00:37:14.40
Because they say, oh, my kids
are gonna love to hear this.
00:37:14.43\00:37:16.93
They don't have to
worry about anything.
00:37:16.97\00:37:18.43
That's right.
00:37:18.47\00:37:19.80
And some people have
been hanging on to that house.
00:37:19.83\00:37:22.20
Because, you know,
I really wanna give it
00:37:22.24\00:37:24.34
to my children that's
been in my heart a long time
00:37:24.37\00:37:27.44
that my children
would get the home.
00:37:27.48\00:37:29.24
That's right.
00:37:29.28\00:37:30.61
Now, how are you
gonna divide it up?
00:37:30.65\00:37:32.48
Like, you said, they're
in five different places,
00:37:32.51\00:37:34.55
how we're gonna
bring this house together?
00:37:34.58\00:37:36.55
Do we sell one, you know,
00:37:36.58\00:37:37.92
the living room
and one the kitchen?
00:37:37.95\00:37:39.49
Okay, this is where we have
to get sensible and say, God,
00:37:39.52\00:37:43.09
what would you have me to do?
00:37:43.12\00:37:45.19
Should I put this in a trust?
00:37:45.23\00:37:47.23
And should I leave it
00:37:47.26\00:37:49.56
and trust You to take care of it
00:37:49.60\00:37:52.60
through 3ABNs staff
that can come and do that.
00:37:52.63\00:37:56.27
And we do not have
enough staff running around here
00:37:56.30\00:37:59.67
to go to every
house and clean it up
00:37:59.71\00:38:02.54
and do the
mopping and what have you.
00:38:02.58\00:38:04.45
People want to know,
how do you get all that done
00:38:04.48\00:38:05.95
and then get it on the market.
00:38:05.98\00:38:07.32
I was thinking
that. I was thinking that.
00:38:07.35\00:38:09.38
We do have resources.
00:38:09.42\00:38:11.72
And we do go with very top
notch professional realtors
00:38:11.75\00:38:16.26
who help us get on this.
00:38:16.29\00:38:17.96
We work every
community has somebody
00:38:17.99\00:38:20.53
who does professional cleanup.
00:38:20.56\00:38:22.20
That's right.
00:38:22.23\00:38:23.57
Now you don't wanna
just go and hire whoever
00:38:23.60\00:38:24.93
doesn't have a job there today.
00:38:24.97\00:38:26.43
We have professional references.
00:38:26.47\00:38:28.14
That's right.
00:38:28.17\00:38:29.50
And each town has a
chamber of commerce,
00:38:29.54\00:38:32.21
which helps us a lot
in finding what we need.
00:38:32.24\00:38:35.34
And so through 3ABN,
we facilitate the needs
00:38:35.38\00:38:39.55
to take care of this
00:38:39.58\00:38:40.92
and get it all taken
care of divided up evenly by
00:38:40.95\00:38:44.15
selling it and then putting
the distribution of the money
00:38:44.19\00:38:48.42
to the right
beneficiaries at the right time.
00:38:48.46\00:38:51.09
So, you know, what
I like about trust is,
00:38:51.13\00:38:53.40
it has that peace of
mind kind of characteristics
00:38:53.43\00:38:56.33
where if you put it
in a revocable trust,
00:38:56.36\00:39:01.24
and you can do irrevocable.
00:39:01.27\00:39:02.60
Say, you wanna really tie that
00:39:02.64\00:39:04.71
or you wanna protect
that asset in the trust,
00:39:04.74\00:39:07.34
you can make that
trust irrevocable.
00:39:07.38\00:39:09.78
But let's just talk
about the revocable side,
00:39:09.81\00:39:12.38
where you put this
trust, and you get to the point
00:39:12.41\00:39:15.02
where you really can't
take care of the lawn anymore,
00:39:15.05\00:39:17.45
you really are
getting to the point
00:39:17.49\00:39:19.45
where you can't really move
00:39:19.49\00:39:20.86
and you need
more assisted living.
00:39:20.89\00:39:23.26
Well, that's where we come in,
00:39:23.29\00:39:25.79
and we help and
guide you in that process.
00:39:25.83\00:39:29.73
And we use
professionals around us
00:39:29.76\00:39:31.90
to help you in making sure
that this property is utilized
00:39:31.93\00:39:37.47
or, you know, we
deal with that property
00:39:37.51\00:39:40.11
so you don't have
to deal with anymore.
00:39:40.14\00:39:41.84
So it's a great
way of peace of mind.
00:39:41.88\00:39:43.95
It's a great way to
put it in an instrument
00:39:43.98\00:39:46.05
where you can later on
you use it during your life.
00:39:46.08\00:39:50.45
And then when you can't,
00:39:50.49\00:39:52.55
then we can
take over as trustees
00:39:52.59\00:39:55.76
and deal with it as you
wanted us to deal with it.
00:39:55.79\00:39:59.03
And that's kind
of a cool instrument
00:39:59.06\00:40:00.90
that we provide here at 3ABN.
00:40:00.93\00:40:02.53
That is incredible. Yeah.
00:40:02.56\00:40:03.97
So, say, I have a house,
00:40:04.00\00:40:06.33
I can put my house in the trust,
00:40:06.37\00:40:08.10
can I also put in
investments or money
00:40:08.14\00:40:11.57
or what particular
things can go into a trust?
00:40:11.61\00:40:14.21
Any of your assets.
00:40:14.24\00:40:16.01
Stocks, bonds, if you're wanted
00:40:16.04\00:40:17.51
that's already
investing on your bank accounts,
00:40:17.55\00:40:20.22
your life insurance, retirement,
00:40:20.25\00:40:23.45
it can all be
put into the trust.
00:40:23.49\00:40:25.65
And, in fact, it's always good
00:40:25.69\00:40:28.16
to have
beneficiaries on all of those.
00:40:28.19\00:40:30.96
And if you have a trust,
then the trust can become
00:40:30.99\00:40:33.13
the beneficiary,
and then all of that
00:40:33.16\00:40:35.96
will be distributed
according to how you have your,
00:40:36.00\00:40:38.60
you know, your beneficiaries
listed like 25% here and 50%,
00:40:38.63\00:40:42.77
maybe to that person.
00:40:42.80\00:40:44.51
And because we've had so many...
00:40:44.54\00:40:46.24
well, I experienced it.
00:40:46.27\00:40:49.01
I went to the bank and
said to, you know, I mean,
00:40:49.04\00:40:53.25
hometown bank, you know,
friendly teller saying, okay,
00:40:53.28\00:40:56.45
if I were...
00:40:56.48\00:40:57.82
My husband and I were to
die where would this money go?
00:40:57.85\00:41:00.12
She would say, oh,
it going to your estate.
00:41:00.16\00:41:02.09
I said, oh, okay.
00:41:02.12\00:41:03.96
And I thought, so that
means my daughter could get it.
00:41:03.99\00:41:06.80
She said, "No." No.
00:41:06.83\00:41:09.46
I said, "Well, how
does my daughter get it?"
00:41:09.50\00:41:12.23
She says, "Well,
you have to put her down
00:41:12.27\00:41:13.70
as the beneficiary."
00:41:13.74\00:41:15.07
That's right.
00:41:15.10\00:41:16.44
Well, you know,
you have life insurance
00:41:16.47\00:41:17.81
and all your retirement stuff
00:41:17.84\00:41:19.51
and all the
investments you have,
00:41:19.54\00:41:21.54
you need to have, you know,
beneficiaries on all of them
00:41:21.58\00:41:24.08
or it goes into your estate.
00:41:24.11\00:41:25.51
That's right. Which means...
00:41:25.55\00:41:27.18
Which means what?
00:41:27.22\00:41:28.55
What does it mean when
it goes into your estate?
00:41:28.58\00:41:30.02
That means that
you're no longer in control
00:41:30.05\00:41:33.12
and the local government is
in control of your resources.
00:41:33.15\00:41:37.83
Now...
00:41:37.86\00:41:39.19
Now, if you don't want it
to go to the wrong place...
00:41:39.23\00:41:43.23
Or the wrong people.
00:41:43.26\00:41:44.60
Or the wrong
people, then this is a time
00:41:44.63\00:41:46.94
to really seriously
think about the pay on death.
00:41:46.97\00:41:50.54
Right.
00:41:50.57\00:41:51.91
Which in some banks,
you have that you go in
00:41:51.94\00:41:54.54
and it's a nice young,
beautiful teller, you know,
00:41:54.58\00:41:57.05
and she says, I don't
think we do that here.
00:41:57.08\00:42:00.68
Oh, well, my financial person
has told me to come in here
00:42:00.72\00:42:05.15
and do a pay on death.
00:42:05.19\00:42:07.16
Oh, I've never
heard of that before.
00:42:07.19\00:42:10.33
I don't know that
we've ever done that.
00:42:10.36\00:42:12.89
Right. And you
say, just a moment.
00:42:12.93\00:42:15.43
They walk back out.
00:42:15.46\00:42:17.37
Earlene, I'm at the bank,
00:42:17.40\00:42:19.80
and they're
giving me a run around.
00:42:19.83\00:42:21.87
I said, go back in and say,
00:42:21.90\00:42:23.37
when I die,
who's getting my money?
00:42:23.41\00:42:26.61
That's right.
Just like you had to.
00:42:26.64\00:42:28.51
That's paid on dead.
00:42:28.54\00:42:29.88
You have to be in
control of your finances.
00:42:29.91\00:42:32.98
That means, if
you go to the bank,
00:42:33.01\00:42:34.78
and you've always trusted them
00:42:34.82\00:42:36.92
and please
continue to trust them,
00:42:36.95\00:42:38.29
they do a good job for us.
00:42:38.32\00:42:39.65
But be in control of
what's happening for you.
00:42:39.69\00:42:42.62
What's
happening on your account.
00:42:42.66\00:42:44.29
That's right. Yeah.
00:42:44.33\00:42:45.66
You know, what's interesting
about a POD or a Paid On Death
00:42:45.69\00:42:48.30
is those type of assets,
you don't even have to put them
00:42:48.33\00:42:51.47
in a trust because
when you put the POD
00:42:51.50\00:42:54.80
that saves all the efforts,
00:42:54.84\00:42:57.44
it doesn't go
into anybody's estate
00:42:57.47\00:43:00.04
because you have
named the beneficiary right
00:43:00.08\00:43:03.48
in the document
00:43:03.51\00:43:04.85
when you sign up for
that investment tool,
00:43:04.88\00:43:06.95
whether it be a
checking or investment,
00:43:06.98\00:43:09.52
a brokerage
account, if you just put POD,
00:43:09.55\00:43:12.35
it goes directly to
that, and it's outside
00:43:12.39\00:43:15.52
all these other instruments.
00:43:15.56\00:43:16.99
But if you have, you know,
in estate or you have assets
00:43:17.03\00:43:21.06
that you wanna put
together and you have
00:43:21.10\00:43:23.93
a beneficiary list
and a distribution,
00:43:23.97\00:43:26.63
it's a lot easier
to put it in a trust
00:43:26.67\00:43:29.10
for a trustee to say, okay.
00:43:29.14\00:43:31.97
And the trustee,
you wanna make sure
00:43:32.01\00:43:34.08
you trust them
and how those monies
00:43:34.11\00:43:37.38
are going to be divided to
the way the instrument says.
00:43:37.41\00:43:42.85
And that's what's so
important about a trust is,
00:43:42.88\00:43:44.55
the better it's written,
00:43:44.59\00:43:46.29
the better the
effect is at the end
00:43:46.32\00:43:48.62
and more peace of mind
and less drama at the end.
00:43:48.66\00:43:52.43
And, you know,
sometimes we like drama,
00:43:52.46\00:43:54.53
but in these type of cases...
00:43:54.56\00:43:55.90
We don't like dramas.
No, we don't want drama.
00:43:55.93\00:43:57.43
We prefer not
having the drama. Yes.
00:43:57.47\00:43:59.10
That's right.
00:43:59.13\00:44:00.47
We've been through some of that.
00:44:00.50\00:44:02.04
And that's why we're
doing these education programs.
00:44:02.07\00:44:03.81
Yes. That's right.
00:44:03.84\00:44:05.17
For you, the viewer
who really needs to see
00:44:05.21\00:44:07.31
and hear this and know
that you don't have to go
00:44:07.34\00:44:09.61
through drama and save
us from going through it.
00:44:09.64\00:44:11.71
That's right. Absolutely.
00:44:11.75\00:44:13.08
Let's plan
together. That's right.
00:44:13.11\00:44:14.82
And some of you might
have money invested here now.
00:44:14.85\00:44:19.05
In the meantime,
you might have bought
00:44:19.09\00:44:20.72
a life insurance plan.
00:44:20.76\00:44:23.19
Does your life
insurance plan say,
00:44:23.22\00:44:25.86
who's gonna get
that money if you die?
00:44:25.89\00:44:29.43
For instance, can
you put that life estate
00:44:29.46\00:44:32.13
or that
insurance plan in a trust?
00:44:32.17\00:44:35.00
Yes, there's a line
right in our application,
00:44:35.04\00:44:37.71
where you can list that.
00:44:37.74\00:44:39.67
You can look, list stocks,
00:44:39.71\00:44:41.44
you can list your bank accounts.
00:44:41.48\00:44:42.81
That's right.
00:44:42.84\00:44:44.18
Some people have five
to seven bank accounts
00:44:44.21\00:44:46.05
that does happen.
00:44:46.08\00:44:47.82
All of those can be
listed in your application
00:44:47.85\00:44:51.59
and will be taken care of
at the time of your demise.
00:44:51.62\00:44:54.79
And you will have done
the pay on death in advance
00:44:54.82\00:44:58.59
and it's in your trust,
00:44:58.63\00:45:01.10
and we'd like to
have a copy of it.
00:45:01.13\00:45:02.90
So when you go to the bank,
get your copy, mail us a copy,
00:45:02.93\00:45:06.23
we like to keep that.
00:45:06.27\00:45:07.60
So we've got it all together.
00:45:07.64\00:45:08.97
I think, I'm hearing
that communication with
00:45:09.00\00:45:11.01
the Plan Giving and
Trust Department is important.
00:45:11.04\00:45:12.47
Oh, it's very important.
00:45:12.51\00:45:13.84
I saw that they just
had the number up again,
00:45:13.88\00:45:15.54
and thank you in the
control room for putting that up
00:45:15.58\00:45:17.65
again because it's important.
00:45:17.68\00:45:19.28
Because if you have questions,
if you've made additions
00:45:19.31\00:45:21.75
or changes, we need to
know about those changes
00:45:21.78\00:45:25.85
and make sure it's
well written as you said,
00:45:25.89\00:45:28.02
everything's handled that way,
00:45:28.06\00:45:29.52
whether it's a Property
Trust or a Cash Trust or a CGA
00:45:29.56\00:45:33.06
or we got to get
talking to some other stuff too.
00:45:33.09\00:45:35.53
So talk to us about
Charitable Remainder Unit Trust,
00:45:35.56\00:45:37.80
what's that?
00:45:37.83\00:45:39.17
So just before that may I
just share something about,
00:45:39.20\00:45:41.60
we haven't talked about SATs,
00:45:41.64\00:45:43.91
which is Self
Administered Trust.
00:45:43.94\00:45:47.61
And that's a
trust where the person
00:45:47.64\00:45:51.21
who is creating it,
00:45:51.25\00:45:52.95
let's say, I'll
give you example,
00:45:52.98\00:45:54.78
I want to create a
Self Administered Trust.
00:45:54.82\00:45:56.82
I'm the trustee of that trust.
00:45:56.85\00:45:59.25
It wouldn't be an
organization, it would be me,
00:45:59.29\00:46:01.06
but I would have
successor trustees,
00:46:01.09\00:46:03.09
when I'm not able
to function anymore,
00:46:03.12\00:46:05.13
I would give it to
3ABN to be the trustee
00:46:05.16\00:46:07.70
to manage the trust.
00:46:07.73\00:46:09.06
So that's another
tool that's really helpful.
00:46:09.10\00:46:11.47
If you like to be in control
00:46:11.50\00:46:12.87
of your resources a little more,
00:46:12.90\00:46:14.97
a Self Administered Trust
is an awesome opportunity.
00:46:15.00\00:46:18.14
And it's a great tool
to utilize in your estate.
00:46:18.17\00:46:22.64
And we might not have
all the answers for that.
00:46:22.68\00:46:25.01
So what they can
do is trust department
00:46:25.05\00:46:28.75
to facilitate this for you.
00:46:28.78\00:46:30.12
That's right.
00:46:30.15\00:46:31.49
And we'll tell you
what you need to do
00:46:31.52\00:46:32.85
and then it will all be set up.
00:46:32.89\00:46:34.22
That's right.
00:46:34.26\00:46:35.59
And in case of an
emergency, you've done it.
00:46:35.62\00:46:38.06
That's right. You know?
00:46:38.09\00:46:39.43
So, yeah, let's talk about CRUT.
00:46:39.46\00:46:40.80
Can I ask one thing? Yeah.
00:46:40.83\00:46:42.16
So for the Self Administered
Trust is, can that be property
00:46:42.20\00:46:44.70
and finances or...?
00:46:44.73\00:46:46.74
Yes, it can be
everything. Okay, thank you.
00:46:46.77\00:46:48.14
Yep, yep, yep.
00:46:48.17\00:46:49.50
So CRUTs are, let's say,
00:46:49.54\00:46:51.77
it's a document, that's a trust,
00:46:51.81\00:46:53.94
but it is an irrevocable trust.
00:46:53.98\00:46:56.51
And basically what
happens it's usually designed
00:46:56.54\00:47:00.22
to mitigate capital gains.
00:47:00.25\00:47:05.59
So, let's say you have a
piece of property that's worth,
00:47:05.62\00:47:08.76
you know, let's say
500,000 or a million dollars,
00:47:08.79\00:47:12.46
but you only paid $100,000
for that piece of property.
00:47:12.49\00:47:16.20
So what you would do
00:47:16.23\00:47:17.63
is you would
stick that into a CRUT,
00:47:17.67\00:47:20.54
a Charitable
Remainder Unit Trust, I know,
00:47:20.57\00:47:23.41
it's these
acronyms, they're funny.
00:47:23.44\00:47:26.11
But anyway, a
Charitable Remainder Unit Trust,
00:47:26.14\00:47:29.08
that is an instrument where
you would put that in there,
00:47:29.11\00:47:33.78
and then you would get 5%
for life on that instrument,
00:47:33.82\00:47:39.75
and we would
pay that out to you,
00:47:39.79\00:47:42.02
and that you
would not have to pay
00:47:42.06\00:47:43.83
capital gains all up front.
00:47:43.86\00:47:46.56
A part of your payment
would be a little capital gains,
00:47:46.59\00:47:51.13
but that's part of IRS
regulations and all that.
00:47:51.17\00:47:53.57
But as far as having a
piece of property that's very
00:47:53.60\00:47:58.17
appreciated that you
don't want pay capital gains,
00:47:58.21\00:48:01.28
a Charitable Remainder
Unit Trust is a great tool
00:48:01.31\00:48:05.58
to benefit from to
utilize that property in a way
00:48:05.61\00:48:10.25
that will
benefit the organization.
00:48:10.29\00:48:12.19
What happens is, you
get that 5% for life,
00:48:12.22\00:48:15.49
and then after
that or term of years,
00:48:15.52\00:48:17.66
whatever how we
write the document.
00:48:17.69\00:48:19.89
But then after that,
00:48:19.93\00:48:21.30
that remaining
asset goes to 3ABN.
00:48:21.33\00:48:25.90
So, it's a great document.
00:48:25.93\00:48:27.80
It's a way to control
some of your capital gains
00:48:27.84\00:48:31.47
that you may have
with appreciated property.
00:48:31.51\00:48:34.04
And it's a great tool
that is utilized here at 3ABN.
00:48:34.08\00:48:37.51
Yes, we're very,
very grateful to have
00:48:37.55\00:48:40.02
a tool that can do that.
00:48:40.05\00:48:41.72
That's powerful. That's right.
00:48:41.75\00:48:43.08
Yes. Absolutely.
00:48:43.12\00:48:44.45
And if you're planning,
which we pray that you are.
00:48:44.49\00:48:47.96
If you're
planning with the Lord,
00:48:47.99\00:48:50.16
choose the strong
documents. That's right.
00:48:50.19\00:48:53.46
A will is kind of wishy-washy.
00:48:53.50\00:48:56.50
Now a will does
come with a trust.
00:48:56.53\00:48:59.90
But that's a poor
over-will. That's correct.
00:48:59.93\00:49:01.87
And that's just
slightly different.
00:49:01.90\00:49:03.84
But just a very simple will
when you've got all this stuff.
00:49:03.87\00:49:08.78
It's not adequate.
00:49:08.81\00:49:10.65
Please think twice about a
will that maybe you have now.
00:49:10.68\00:49:14.45
And you think it
has everything in it.
00:49:14.48\00:49:16.22
You say, God, what
should I do with this?
00:49:16.25\00:49:18.72
That's right. Call
us, talk to us about it.
00:49:18.75\00:49:21.22
But if you have
nothing, at least get a will.
00:49:21.26\00:49:25.03
If you have
nothing, at least get a will.
00:49:25.06\00:49:27.06
That's right. That's right. Yes.
00:49:27.10\00:49:28.43
And that can
start quite young too.
00:49:28.46\00:49:30.33
That's right.
00:49:30.37\00:49:31.70
This is another thing
that brand new parents,
00:49:31.73\00:49:34.74
brand new households,
newlyweds, what have you done?
00:49:34.77\00:49:39.61
Have you planned?
00:49:39.64\00:49:41.24
What if something
happens to one of you?
00:49:41.28\00:49:43.58
What have you planned?
00:49:43.61\00:49:45.15
Don't be caught
out there with nothing.
00:49:45.18\00:49:47.78
It's very important
that you have something
00:49:47.82\00:49:51.05
and we have
something for everybody.
00:49:51.09\00:49:53.15
This is not just
no people's plan.
00:49:53.19\00:49:54.59
That's right.
This is for everybody.
00:49:54.62\00:49:56.62
That's right.
00:49:56.66\00:49:57.99
And it's good to plan it
now while your mind is crisp
00:49:58.03\00:50:01.53
than to wait later
on and you might forget
00:50:01.56\00:50:04.10
something or lose something,
00:50:04.13\00:50:05.50
it's better to do it
while you're younger.
00:50:05.53\00:50:07.40
And then you can
think about it as you go on.
00:50:07.44\00:50:09.37
And that just
builds peace of mind.
00:50:09.40\00:50:10.77
It does. Absolutely.
00:50:10.81\00:50:12.54
Because, you know, I
mean, it's just amazing to me,
00:50:12.57\00:50:14.81
life is uncertain at
best, would you say that?
00:50:14.84\00:50:18.65
I mean, life is... We
don't know the future.
00:50:18.68\00:50:20.95
I mean, the Bible says,
"Don't worry about the future."
00:50:20.98\00:50:23.89
And we know that sufficient
unto the day is the evil,
00:50:23.92\00:50:26.32
but don't worry
about the future.
00:50:26.35\00:50:28.29
But yet we are called
to plan for the future.
00:50:28.32\00:50:30.93
That's right.
00:50:30.96\00:50:32.29
Because that is
vitally important
00:50:32.33\00:50:33.66
for the peace of mind,
00:50:33.70\00:50:35.03
I've been hearing
that this whole hour
00:50:35.06\00:50:36.40
as we've been talking
together is the importance
00:50:36.43\00:50:38.50
of having that peace of mind.
00:50:38.53\00:50:40.94
The importance of
knowing what's gonna happen
00:50:40.97\00:50:43.44
with your loved
ones, with your finances.
00:50:43.47\00:50:46.01
The importance of planning
ahead for the Lord's work
00:50:46.04\00:50:50.21
and saying, yes, I want part.
00:50:50.25\00:50:52.81
Some people give 100% and we...
00:50:52.85\00:50:55.68
That's a two hander. We
praise the Lord for that.
00:50:55.72\00:50:58.35
But we
understand some people say,
00:50:58.39\00:51:00.16
I have children, I
have grandchildren.
00:51:00.19\00:51:02.62
I have other ministries
that I want to support too.
00:51:02.66\00:51:05.53
And we praise
the Lord for that too
00:51:05.56\00:51:07.70
because it's all
of us working together
00:51:07.73\00:51:10.93
to ensure you have
that peace of mind to ensure
00:51:10.97\00:51:13.27
those properties,
all of that's handled.
00:51:13.30\00:51:17.01
I love the Property Trust.
00:51:17.04\00:51:18.61
So I just wanna
encourage you we're gonna put up
00:51:18.64\00:51:21.34
the address right
now, and the website for
00:51:21.38\00:51:23.71
a Plan Giving and
Trust Services Department.
00:51:23.75\00:51:25.88
If you're interested in
Charitable Gift Annuity.
00:51:25.91\00:51:28.42
If you're
interested in a Cash Trust
00:51:28.45\00:51:31.25
or a Property Trust or
Self Administered Trust
00:51:31.29\00:51:37.19
or a CRUT, we call it,
00:51:37.23\00:51:39.09
a Charitable
Remainder Unit Trust.
00:51:39.13\00:51:41.20
And I probably
forgot some others.
00:51:41.23\00:51:42.83
You just give us a call at
00:51:42.86\00:51:44.90
our Plan Giving and
Trust Services Department,
00:51:44.93\00:51:47.30
and we would be
delighted to help you.
00:51:47.34\00:51:51.77
If you would like to learn
more about 3ABN Trust Services,
00:51:51.81\00:51:55.34
and how to use your
financial resources,
00:51:55.38\00:51:57.71
investing wisely
and at the same time
00:51:57.75\00:51:59.81
helping the work
of your ministry,
00:51:59.85\00:52:01.82
then you can contact
them at 3ABN Trust Services,
00:52:01.85\00:52:06.05
PO Box 220, West
Frankfort, Illinois 62896.
00:52:06.09\00:52:10.99
That's 3ABN Trust Services,
PO Box 220, West Frankfort,
00:52:11.03\00:52:16.70
Illinois 62896.
00:52:16.73\00:52:19.17
You can call 800-886-4800.
00:52:19.20\00:52:23.30
It's 800-886-4800
00:52:23.34\00:52:27.08
or go to our
website at www.3abn.org
00:52:27.11\00:52:32.45