FMF Financial Services : Estate & Gift Planning

FMF Financial Services : Estate & Gift Planning The purpose of Estate & Gift Planning ministry of FMF Financial Services is to assist you in using your resources to advance God's Kingdom.

Our greatest desire is to support you in caring for your loved ones and the ministries you love.

Do you remember the case of Terri Schiavo? Ms. Schiavo was in a persistent vegetative state as the result of cardiac arr...
07/23/2022

Do you remember the case of Terri Schiavo? Ms. Schiavo was in a persistent vegetative state as the result of cardiac arrest. Her husband and her parents disagreed on the removal of a feeding tube. The court case played out very publicly over seven years before a final decision was made to remove the feeding tube. It is a case that is often referred to when explaining the need for a health care power of attorney and living will.

A health care power of attorney allows you to choose who will make health care decisions on your behalf. In general, this person will only act if you are absolutely unable to communicate your wishes in any way, including by blinking your eyes or squeezing a hand. A living will tells your doctors and loved ones what heroic life sustaining measures you would like to be taken or refused. It will also likely address artificial nutrition and hydration and when they may be withheld or withdrawn. Depending on the state where you reside, a living will can be a separate document from a health care power of attorney, or they may be combined into one document.

No one likes to think about times when someone else may need to make decisions about your health care. But by having these essential documents in place, you can make your wishes known and give your family peace of mind.

If you have questions about a health care power of attorney, living will, or any other essential documents, connect with us today.

All good estate plans include a financial power of attorney. This document allows you to be prepared for a time when you...
07/16/2022

All good estate plans include a financial power of attorney. This document allows you to be prepared for a time when you are unable to care for your finances due to a variety of reasons. You can name an agent (and successors) to take care of your finances with your best interests in mind, much as you would do if you were able. Everyone hopes to never need a financial power of attorney, but it is best to be prepared ahead of time! If you have questions about a financial power of attorney or any other essential documents, connect with us today.

Each step on the Stewardship Well Done Journey helps prepare you to leave a meaningful legacy. One of the most important...
07/09/2022

Each step on the Stewardship Well Done Journey helps prepare you to leave a meaningful legacy. One of the most important steps you can take is to make sure you have a will/trust and powers of attorney (financial and health care) in place. These basic essential documents help ensure that all of the hard work you have put into your finances during your lifetime will not be undone by unexpected events or your death. Good stewardship means doing the work now to make sure your loved ones do not need to untangle a mess when you pass away.

If you already have your essential documents in place, now is a good time to review them to make sure they still meet your needs. If you haven't already explored how you can use your will/trust to leave a gift for the ministries you supported during your lifetime, we invite you to consider this possibility.

Don't procrastinate any longer ... get started today.

We wish you and your family many blessings as you celebrate this holiday. May God bless America!🇺🇸
07/02/2022

We wish you and your family many blessings as you celebrate this holiday. May God bless America!🇺🇸

Stewardship Well Done JourneyStep 9 – LEGACYRoadblock  #3 – It’s Too Complicated!Each industry has its own language. The...
06/25/2022

Stewardship Well Done Journey
Step 9 – LEGACY
Roadblock #3 – It’s Too Complicated!

Each industry has its own language. Theologians speak of eschatology, sanctification, and hermeneutics. Musicians discuss vibrato, toccatas, and cadence. Auto mechanics refer to catalytic converters, powertrains, and struts. Unless you are experienced in a particular industry, chances are you may need a dictionary to understand what is being said.

Legacy professionals also use terms you probably don’t hear every day. Terms like charitable remainder unitrust, bequest, split interest gift, appreciated property, qualified charitable distribution, or donor advised fund. But these are simply tools in the legacy toolbox to help you accomplish your goals. It is not necessary for you to understand each one in order to have a conversation.

When you are ready to talk about your legacy, we are ready to listen. Forget the terms and jargon, just tell us your stories, ideas, and dreams. We will listen and then explain the tools we think will maximize the impact of your legacy. It’s really that simple!

Stewardship Well Done JourneyStep 9 – LEGACYRoadblock  #2 – I’m too young to think about LEGACY!Stephen Covey’s second h...
06/18/2022

Stewardship Well Done Journey
Step 9 – LEGACY
Roadblock #2 – I’m too young to think about LEGACY!

Stephen Covey’s second habit of highly effective people is “Begin with the end in mind”. This means you should have LEGACY in mind when you start your Stewardship Well Done Journey. Although LEGACY is the last step of the journey, to be the most successful, it needs to be at the forefront of your thoughts throughout your travels. If you think about your LEGACY from Step 1, you will be ready to implement your LEGACY at Step 9.

Many people major in procrastination throughout their lives. And while it is still possible to do something well in the nick of time, an intentional, well-thought-out plan is much more likely to yield successful results … and will probably give you much more peace of mind along the way.

It can be difficult to think about the end of life. But saying you are too young to think about a legacy is just an excuse to put it off. You are never too young to think, pray, and dream about who God made you to be and what He might want to accomplish through you.

We would like to suggest an activity to help you start thinking about your legacy. Ask yourself two questions:

• If I were to write my own obituary today, what would I like it to say?
• How can my finances speak into that?

We would consider it a privilege to come alongside you and lend our expertise to make your LEGACY a reality. It’s never too early … contact us to begin the conversation today!

Stewardship Well Done JourneyStep 9 – LEGACYRoadblock  #1 – What do you mean?A quick google search for businesses near o...
06/11/2022

Stewardship Well Done Journey

Step 9 – LEGACY

Roadblock #1 – What do you mean?

A quick google search for businesses near our corporate office using “legacy” in their name include: 1) a gym; 2) an assisted living facility; 3) a dry cleaner; 4) a printing company; 5) a bakery; 6) a barber shop; 7) a golf club; 8) a furniture repair shop; and 9) a church. With such a variety of applications, what exactly do we mean when we refer to LEGACY as the final step on the Stewardship Well Done Journey?

Simply put, Step 9 is the culmination of all you have previously done on the Stewardship Well Done Journey. It is the WHY behind all the work. Each of our lives will tell a story to those left behind, and no two stories will be exactly alike. Why not use your finances to tell part of your story … and part of God’s kingdom story?

In Step 1 on the journey, you stated your priorities. Steps 2 – 8 are all about making those priorities a reality. Step 9 is about LIVING your priorities … during your lifetime and beyond. There is a common misconception that your legacy only goes into effect after you are gone. The truth is you don’t need to wait! Every day we assist friends in living out their priorities by maximizing the value of an asset that has grown over time and using it to provide for family, retirement, and God’s Kingdom. If God is leading you today, let’s have a conversation and get started!

Stewardship Well Done JourneyStep 8 – PLANRoadblock  #3 – How do I choose the right financial advisor?While recently wat...
06/04/2022

Stewardship Well Done Journey
Step 8 – PLAN
Roadblock #3 – How do I choose the right financial advisor?

While recently watching a golf tournament on TV, I was amazed at the number commercials seeking to connect me with a financial advisor. With so many options, how can you choose the right advisor for you? Here are three guidelines:

• Look at an advisor’s professional designations. These represent hours of education, exams, experience, and ethics requirements. The following are some of the most popular designations: Certified Financial Planner® (CFP®), Chartered Financial Consultant® (CHFC®), Personal Financial Specialist™ (PFS™), Chartered Financial Analyst® (CFA®), and Chartered Life Underwriter® (CLU®). The Certified Kingdom Advisor® (CKA®) designation specifically seeks to integrate faith and professional expertise.

• Ask how the advisor is paid. Some receive commissions based on the products they sell … but are those products right for you? Others work on a fee schedule (hourly rate, fixed annual retainer, or percentage of investment assets). It is important to ask about compensation up front to ensure the advisor only has YOUR best interests in mind … not their own or their company’s.

• Make sure the advisor shares your Christian worldview. Working with an advisor who shares your stewardship mindset can make a huge difference. Many advisors emphasize saving and investing. Seek one that understands giving as well. Stewardship and mission are just as important as returns and retirement.

The financial advisors at GuideStream Financial (a subsidiary of The Free Methodist Foundation) fit all of these criteria. Contact us today if you are ready to begin the conversation.

Stewardship Well Done JourneyStep 8 – PLANRoadblock  #2 – I’m nervous.Have you had an appointment recently where you wer...
05/28/2022

Stewardship Well Done Journey
Step 8 – PLAN
Roadblock #2 – I’m nervous.

Have you had an appointment recently where you weren’t sure what the outcome would be? Perhaps you were at the doctor’s office to hear the results of some tests, or maybe your boss suddenly told you to meet in her office. In circumstances like these, adrenaline pumps through your body and you feel nervous and maybe even scared. We’ve got some good new for you this week … meeting with a financial advisor isn’t anything like this!

Your appointment with an advisor is not a test. You don’t pass or fail. Your advisor will simply listen to your story and offer an honest assessment of where you are on your financial journey. You might be pleasantly surprised by what you hear; or you may find some areas that need extra work. But what you will never find is shame or judgement.

Clients regularly tell us that meeting with their advisor brings comfort and peace of mind. This doesn’t mean the journey is always easy. Everyone experiences financial hangups and disappointments from time to time. But when you work with a financial advisor, you will have a trusted guide who is committed to traveling with you on your journey, no matter how many twists and turns you encounter.

No shame. No judgement. Just honesty and peace of mind. How refreshing!

Stewardship Well Done JourneyStep 8 – PLANRoadblock  #1 – I’m not rich.Do you remember Richie Rich? He is a comic book c...
05/21/2022

Stewardship Well Done Journey
Step 8 – PLAN
Roadblock #1 – I’m not rich.

Do you remember Richie Rich? He is a comic book character whose middle name is literally a dollar sign (Richard “Richie” $ Rich, Jr.) Richie has a dog named Dollar (a dalmatian with dollar signs instead of spots) and a friend named Mayda Munny. Wikipedia describes Richie as “the only child of fantastically wealthy parents and is the world’s richest kid. He lives in an expensive mansion and owns at least two of everything money can buy.” The comic book and cartoon series perpetuated many stereotypical ideas about the rich, but also tried to break down some common misunderstandings.

One common misconception that persists today is that you need to be rich to benefit from a financial plan. Anyone with a serious desire to bring all the pieces of their financial puzzle together and work toward financial wholeness can benefit. A financial planner can help you sort through the mountain of financial information available and determine what best applies to you; offer an objective third party opinion; answer questions when life takes unexpected turns; and help you stay on track by avoiding emotional financial decisions.

If you are ready to do your financial homework with the help of a trusted guide, consider engaging with a financial planner. You may not have a butler, chauffeur, and supersonic jet like Richie Rich, but you can have a financial plan!

Stewardship Well Done JourneyStep 7 – SAVERoadblock  #3 – Am I saving for the right reasons?Earn all you can; save all y...
05/14/2022

Stewardship Well Done Journey
Step 7 – SAVE
Roadblock #3 – Am I saving for the right reasons?

Earn all you can; save all you can; give all you can. – John Wesley

Americans are pretty good at the first two parts of Wesley’s quote. Our culture preaches that a good paycheck and a healthy savings account are all you need for success. But as Christians, we are called to live according to Kingdom culture. Kingdom people think in a way of generosity. That is why Wesley didn’t stop after the first two steps. He knew earning and saving were meaningless without giving.

There are two broad categories of savers. The first saves out of the fear of never having “enough”. There is no real purpose to saving other than to amass as much as possible. This group will often say, “I’ll be generous when …” They are essentially slaves to fear.

The second group is motivated by freedom. They save intentionally and purposefully and therefore choose not to live in fear. Because their money does not control them, they are free to practice generosity even as they save. They know the secret that John Wesley knew – it’s all about the giving.

Are you saving out of fear? Become more intentional with your saving and set some goals. Doing so will help you live with open hands and be available when God asks you to give. That is what it means to live according to Kingdom culture. And that is true freedom.

Stewardship Well Done JourneyStep 7 – SAVERoadblock  #2 – What type of account should I use?See if this scenario sounds ...
05/07/2022

Stewardship Well Done Journey
Step 7 – SAVE
Roadblock #2 – What type of account should I use?

See if this scenario sounds familiar … you have decided to start saving for your 7 year old’s college education. You would like to open an account that will earn some interest, but you aren’t quite sure what is available, or how much risk is involved. You intend to do a bit of research this weekend and open an account next week. But for now, you just put the money in your bank savings account so you won’t spend it. One week later … one month later … one year later … your money is still in the bank savings account earning .05% interest.

We often hear questions from clients about what type of account to use for their savings. High interest rates are attractive … but is the risk worth it? To help with these questions, think of saving in terms of short-term, mid-term and long-term goals. Below is a simple guide we hope will help.

• Short-term goals (1-3 years) might be for vehicle repairs or replacement, a washer or dryer, summer vacation, or some other special purchase. Saving in a dedicated bank account is usually the best move since the purchase is in the near future. You could seek out banks or credit unions that may offer introductory bonuses or savings accounts with a slightly higher than average interest rate.

• Mid-term goals (3-7 years) might be a home remodel, camper, piece of property, or more expensive vehicle. This type of savings should generally be in a low-risk account. CDs can be used or other fixed return investments. Just be mindful if there are any costs or surrender charges associated with your investment. It is not advisable to expose these savings dollars to risk in the market because there is not time to recover from potential volatility.

• Long-term goals (7+ years) might be college, special family vacation/event or retirement. Savings can be invested for growth. These funds will experience volatility, but there is enough time to let compounding work.

Address

8050 Spring Arbor Road
Spring Arbor, MI
49283

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 4pm

Telephone

+15177502727

Alerts

Be the first to know and let us send you an email when FMF Financial Services : Estate & Gift Planning posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to FMF Financial Services : Estate & Gift Planning:

Share