Natisha Matthews, an ordained elder and attorney, shares about the importance of estate planning for Christians, particularly in the urban community.
WHAT YOU'LL LEARN:
- Cost of not planning for your estate (even if you think you don't have anything)
- What are wills, power of attorney, health care proxy?
- Mindset for estate planning
ABOUT THE GUEST:
Rev Matthews areas of practice are Trusts and Estates and Real Estate. She is passionate about teaching believers and the urban community about Estate Planning. Currently she is one of the ordained Elders of Bethel Gospel Assembly, Inc. where the Senior Pastor is Bishop Dr. Carlton T. Brown.
TIMESTAMPED SHOWNOTES:
01:35 - Passionate about estate planning dialog
02:57 - Raised in an urban immigrant community
03:43 - Journey to eldership and attorney
07:51 - Importance of estate planning
09:21 - Basics of Estate Planning: will, power of attorney, health care proxy
09:27 - Wills
09:35 - Power of Attorney
10:22 - Health care proxy
11:02 - People don't feel the need for estate planning
11:25 - Not planning creates chaos, uncertainty, confusion
12:10 - We do not prepare for estate planning
12:19 - Estate planning is not usually known about, especially in urban communities
12:40 - Mindset is important
12:50 - Urban communities tend to think more about survival from paycheck to paycheck
13:16 - Suburban communities more plan for the future
14:14 - Both cultural and racial norms come into play
17:24 - How should Christians approach estate planning?
17:31 - Get understanding and knowledge about estate planning
18:22 - Some culture shy away from talking about death and estate planning
20:06 - How should younger people approach estate planning?
20:49 - Plan for the unexpected
21:16 - Get something in place - it can always be changed, if needed
22:04 - Debunk the myths
22:17 - Not planning is selfish because it will negatively affect loved ones
23:32 - What cultural and ethnic considerations need to be considered?
24:25 - How do we change people's mindset?
26:23 - Opportunity to share Christ in estate planning conversations
27:42 - What are the financial barriers to estate planning?
28:33 - Estate planning establishes a legacy
28:52 - Not planning creates more expensive procedures
29:08 - Petitioning the court
29:49 - Incapacitated people can't sign a power of attorney or health care proxy
31:15 - Pay for a will on a payment plan
32:08 - Unexpectedly used by God and He opened doors
36:16 - Initial Steps to Estate Planning
37:14 - How can a pastor help his congregation in this matter?
38:26 - What is God saying to you using this podcast?
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