12 Things to do in 2013- Barry Allen #10
Ron and Peggy sold their property to a church, which owned adjacent land. This was done through a bargain sale. The property was valued by an appraisal at $625,000. They sold it to the church for $425,000. They received a charitable income tax deduction of $200,000 to offset the capital gain on the remaining portion. Such a transaction is considered part gift and part sale. Contact Laurie Valentine for the details of a bargain sale to determine if such a strategy would work for you.
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Thursday, October 3, 2013
Tuesday, October 1, 2013
Master of Multiplication
By: Barry G. Allen- President & CEO
The great truth of Jesus’ miracle recorded in Mark 8:1-9a is: Jesus in the “great satisfier” and the “great multiplier.” Through this feeding of the four thousand we discover the “master of multiplication.”
As the crowd gathered around Jesus had compassion for them and expressed to his disciples a concern for all the people in the crowd. He did not want to send them away hungry. How did the disciples respond? The same way you and I would have responded, and too often do respond today when faced with challenges beyond our human comprehension. They responded with a sense of helplessness and hopelessness. They responded “where in this remote place can anyone get bread enough to feed them?”
But what did Jesus do? He asked the disciples how much food was available. They replied, seven loaves of bread. Then Jesus told the crowd to sit down; he blessed the loaves and fed all the people. There also were a few fish, which he blessed and the disciples distributed among the people. Then Mark’s gospel recorded this: “The people ate and were satisfied.” And, there were seven basketfuls left over. So, the lesson for us is when we focus on Jesus, he satisfies our hunger and multiplies our potential. He takes what we give him and multiplies it to impact people in need and who need what Jesus has to offer. He truly can multiply our little into a lot. He is the master of multiplication.
Like the disciples, we too often focus on what we do not have, what we cannot do and why we cannot help. Remember this: when the disciples put the little they had into the hands of Jesus, he multiplied it to become a lot. As Dr. Paul Powell observed in his stewardship book some years ago, “Jesus takes our insufficiency and makes it sufficient; he takes our inadequacy and multiplies it into an abundance.”
As you prayerfully ponder what Jesus would have you to do in the use of the resources entrusted to you, remember the master of multiplication can take your little and make it to become a lot. And, in the process you will be blessed with contentment and satisfaction.
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
The great truth of Jesus’ miracle recorded in Mark 8:1-9a is: Jesus in the “great satisfier” and the “great multiplier.” Through this feeding of the four thousand we discover the “master of multiplication.”
As the crowd gathered around Jesus had compassion for them and expressed to his disciples a concern for all the people in the crowd. He did not want to send them away hungry. How did the disciples respond? The same way you and I would have responded, and too often do respond today when faced with challenges beyond our human comprehension. They responded with a sense of helplessness and hopelessness. They responded “where in this remote place can anyone get bread enough to feed them?”
But what did Jesus do? He asked the disciples how much food was available. They replied, seven loaves of bread. Then Jesus told the crowd to sit down; he blessed the loaves and fed all the people. There also were a few fish, which he blessed and the disciples distributed among the people. Then Mark’s gospel recorded this: “The people ate and were satisfied.” And, there were seven basketfuls left over. So, the lesson for us is when we focus on Jesus, he satisfies our hunger and multiplies our potential. He takes what we give him and multiplies it to impact people in need and who need what Jesus has to offer. He truly can multiply our little into a lot. He is the master of multiplication.
Like the disciples, we too often focus on what we do not have, what we cannot do and why we cannot help. Remember this: when the disciples put the little they had into the hands of Jesus, he multiplied it to become a lot. As Dr. Paul Powell observed in his stewardship book some years ago, “Jesus takes our insufficiency and makes it sufficient; he takes our inadequacy and multiplies it into an abundance.”
As you prayerfully ponder what Jesus would have you to do in the use of the resources entrusted to you, remember the master of multiplication can take your little and make it to become a lot. And, in the process you will be blessed with contentment and satisfaction.
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Wednesday, September 25, 2013
12 Things To Do In 2013- Estate Planning Myths
12 Things to do in 2013- #9 -Laurie Valentine
Don't believe these estate planning myths:
-You don’t need a Will if you and your spouse own everything in joint names.
-It is best to leave everything to your children, rather than make provision for both your children and
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Don't believe these estate planning myths:
-You don’t need a Will if you and your spouse own everything in joint names.
-It is best to leave everything to your children, rather than make provision for both your children and
grandchildren in your estate plan.
-Creating an estate plan that “avoids” probate will avoid death taxes.
-Only wealthy people include gifts to charitable organizations in their estate plan.
-Your spouse has authority to deal with all of your jointly-owned assets if you become incapacitated.
To dispel these myths and learn how to create an estate plan that protects your family and allows you to be a wise steward of all with which God has blessed you go to www.kentuckybaptistfoundation.org/pg
-Creating an estate plan that “avoids” probate will avoid death taxes.
-Only wealthy people include gifts to charitable organizations in their estate plan.
-Your spouse has authority to deal with all of your jointly-owned assets if you become incapacitated.
To dispel these myths and learn how to create an estate plan that protects your family and allows you to be a wise steward of all with which God has blessed you go to www.kentuckybaptistfoundation.org/pg
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Tuesday, September 17, 2013
Back to Basics
By: Barry G. Allen- President & CEO
September is the beginning of the fiscal year of the KBF. It’s also the beginning of the church year for many churches and the beginning of the school year for many schools. So, it’s a normal time to get back to the basics and start a new process with a new focus and with renewed energy and enthusiasm.
The first basics upon which the KBF board and staff has focused in this new fiscal year are the Great Commission found in Matthew 28:18-20 and the Acts 1:8 challenge. A few days after our Lord gave His disciples the Great Commission, and as He was about to depart from them and to return to the Father, He left to His disciples then, and to us His disciples today, the challenge to be His witnesses not only at home but also to the ends of the earth.
I like how GuideStone Financial Resources president O.S. Hawkins summed up the Lord’s explicit commission to us His disciples. We are “to make” new disciples by leading people to Jesus Christ; we are “to mark” these new disciples through baptism; and we are “to mature” them by “teaching them to observe” all those things Christ commanded.
Inherent in the mission of the KBF is discipleship, and specifically, “to mature” Jesus’ disciples. And, at the heart of discipleship is financial stewardship. And, that aspect of financial stewardship to which the KBF is committed to facilitate the maturation process is estate stewardship. Since we believe for most Christians estate planning is the single most important act of stewardship one will ever perform, our mission is “to mature” Kentucky Baptists, who are disciples of Jesus Christ, in the Christian discipline of estate stewardship.
The most effective way to mature Kentucky Baptists is to equip Kentucky Baptist churches in how to encourage, educate, enable and engage their adult members in estate stewardship. So, as we enter this new year together, let’s get back to the basics of discipleship, which includes stewarding from one’s estate a portion of that which the Lord has entrusted to us. And, please give your KBF the privilege of assisting you and your church.
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
September is the beginning of the fiscal year of the KBF. It’s also the beginning of the church year for many churches and the beginning of the school year for many schools. So, it’s a normal time to get back to the basics and start a new process with a new focus and with renewed energy and enthusiasm.
The first basics upon which the KBF board and staff has focused in this new fiscal year are the Great Commission found in Matthew 28:18-20 and the Acts 1:8 challenge. A few days after our Lord gave His disciples the Great Commission, and as He was about to depart from them and to return to the Father, He left to His disciples then, and to us His disciples today, the challenge to be His witnesses not only at home but also to the ends of the earth.
I like how GuideStone Financial Resources president O.S. Hawkins summed up the Lord’s explicit commission to us His disciples. We are “to make” new disciples by leading people to Jesus Christ; we are “to mark” these new disciples through baptism; and we are “to mature” them by “teaching them to observe” all those things Christ commanded.
Inherent in the mission of the KBF is discipleship, and specifically, “to mature” Jesus’ disciples. And, at the heart of discipleship is financial stewardship. And, that aspect of financial stewardship to which the KBF is committed to facilitate the maturation process is estate stewardship. Since we believe for most Christians estate planning is the single most important act of stewardship one will ever perform, our mission is “to mature” Kentucky Baptists, who are disciples of Jesus Christ, in the Christian discipline of estate stewardship.
The most effective way to mature Kentucky Baptists is to equip Kentucky Baptist churches in how to encourage, educate, enable and engage their adult members in estate stewardship. So, as we enter this new year together, let’s get back to the basics of discipleship, which includes stewarding from one’s estate a portion of that which the Lord has entrusted to us. And, please give your KBF the privilege of assisting you and your church.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Tuesday, September 10, 2013
12 Things To Do In 2013- A Child Called Charity
12 Things To Do In 2013 #8- Barry Allen
When you are asked the question "who are your dependents?" you typically think first of your children. But what about your church and other charitable organizations that depend upon your financial support as well? Are they not your dependents, as well? I would answer "yes" they are.
Therefore, as you prayerfully consider the disposition of the estate the Lord has entrusted to you, include a provision for "your child called charity," which would be your church and the other charitable causes near and dear to your heart. If you have 3 children, instead of dividing your estate among the 3, divide it among the 4, your 3 plus your "child called charity." The portion directed to "your child called charity" should be divided among the charitable interests which have been dependent upon your support during your lifetime.
Call Laurie Valentine or me toll free for more information about "a child called charity."
(502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Therefore, as you prayerfully consider the disposition of the estate the Lord has entrusted to you, include a provision for "your child called charity," which would be your church and the other charitable causes near and dear to your heart. If you have 3 children, instead of dividing your estate among the 3, divide it among the 4, your 3 plus your "child called charity." The portion directed to "your child called charity" should be divided among the charitable interests which have been dependent upon your support during your lifetime.
Call Laurie Valentine or me toll free for more information about "a child called charity."
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Friday, September 6, 2013
KBF Travel and Seminars
The Kentucky Baptist Foundation has a busy Fall ahead! Barry Allen and Laurie Valentine will be traveling throughout the state presenting seminars and talks about how churches and individuals can benefit from Christian Estate Planning and philanthropy. Here is a list of locations and dates. If you would like to schedule a seminar at your Kentucky Baptist church or Association, call us!
Oct 17 Remembering Your Church in Your Estate Plan Seminar
Calvary Baptist Church, Lexington- 6:30PM ET
Oct 20 Ways To Make Gifts Seminar
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Sep 15- Estate Planning Mistakes & Solutions Seminar
Latonia Baptist Church, Latonia- following morning worship service w/lunch provided
Sep 17 Barry Allen speaks at Enterprise Association annual meeting
Paintsville First Baptist Church, Paintsville- 6:30PM ET
Sep 22 Estate Planning Mistakes & Solutions Seminar
Sep 22 Estate Planning Mistakes & Solutions Seminar
Plum Creek Baptist Church, Taylorsville- 7PM ET
Oct 12 Fore Talk Conference (end of life issues)
Walnut Street Baptist Church, Louisville- 8AM ET
Oct 14 Barry Allen speaks at the Lincoln Co Association annual meeting
Mt Salem Baptist Church, Hustonville- 7:00PM ET
Oct 17 Remembering Your Church in Your Estate Plan Seminar
Calvary Baptist Church, Lexington- 6:30PM ET
Oct 20 Ways To Make Gifts Seminar
Latonia Baptist Church, Latonia-following morning worship service w/lunch provided
Oct 20 Barry Allen speaks at the Knox Association annual meeting
Calvary Baptist Church, Corbin- 7:00PM ET
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Tuesday, September 3, 2013
I Have a Dream Too
By: Barry G. Allen- President & CEO
August 28 was the 50th anniversary of the late Martin Luther King’s “I Have a Dream” speech. I read the text of that speech every year on the anniversary date and reflect upon the power of its message for all generations. As I was reading and reflecting this year, it occurred to me I have a dream as well. Here’s what I would include in my “I have a dream” speech.
I have a dream that every adult Kentucky Baptist would have a greater propensity to become a more Kingdom-minded steward. As such, we would acknowledge with all our hearts that God is the owner of all things, and we are His stewards in the use of that which He has entrusted us. We would shift our priorities to let God, not money or anything else, be first in our lives so God would work more effectively in our lives. We would demonstrate our dependence upon and dedication to God through our giving. And, we would give generously, thoughtfully, thankfully and cheerfully. By connecting the dots between what we claim we believe the Bible teaches and applying those truths in our lives, we would learn to exchange what we cannot keep for what we cannot lose. We would recognize we do not have to be financially wealthy to make a worthy gift to our Lord. We could enjoy the resources He has entrusted to us, we would share them to help others and we would make eternal investments that touch peoples’ lives and connect them to Jesus Christ.
I have a dream that every Kentucky Baptist church would take more seriously its discipleship duty to challenge its older generation to leave a legacy gift of their love for Christ and His mission in this world, to sensitize and teach its younger generation how to live according to biblical principles of financial stewardship and to incorporate legacy giving into its on-going stewardship education and expectations.
I have a dream that more and more Kentucky Baptist individuals and churches will call upon the KBF to assist in educating, encouraging and enabling Kingdom-minded stewardship. We await your call.
For more information, please call us at (502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
August 28 was the 50th anniversary of the late Martin Luther King’s “I Have a Dream” speech. I read the text of that speech every year on the anniversary date and reflect upon the power of its message for all generations. As I was reading and reflecting this year, it occurred to me I have a dream as well. Here’s what I would include in my “I have a dream” speech.
I have a dream that every adult Kentucky Baptist would have a greater propensity to become a more Kingdom-minded steward. As such, we would acknowledge with all our hearts that God is the owner of all things, and we are His stewards in the use of that which He has entrusted us. We would shift our priorities to let God, not money or anything else, be first in our lives so God would work more effectively in our lives. We would demonstrate our dependence upon and dedication to God through our giving. And, we would give generously, thoughtfully, thankfully and cheerfully. By connecting the dots between what we claim we believe the Bible teaches and applying those truths in our lives, we would learn to exchange what we cannot keep for what we cannot lose. We would recognize we do not have to be financially wealthy to make a worthy gift to our Lord. We could enjoy the resources He has entrusted to us, we would share them to help others and we would make eternal investments that touch peoples’ lives and connect them to Jesus Christ.
I have a dream that every Kentucky Baptist church would take more seriously its discipleship duty to challenge its older generation to leave a legacy gift of their love for Christ and His mission in this world, to sensitize and teach its younger generation how to live according to biblical principles of financial stewardship and to incorporate legacy giving into its on-going stewardship education and expectations.
I have a dream that more and more Kentucky Baptist individuals and churches will call upon the KBF to assist in educating, encouraging and enabling Kingdom-minded stewardship. We await your call.
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.
Subscribe to:
Posts (Atom)