Difficult Discussions:

Sharing your financial wishes with your adult children

by Everence® Financial

When parents die, grief is not all that people feel. Sometimes, there’s a fair bit of frustration too, like when family members find out the details of the estate plan.

Ben and Sue Sprunger wanted their children to know what they have in mind for the future. Several family meetings later, the adult children knew about their parents’ financial situation and how Ben and Sue planned to divide their estate.

“We’ve talked with people whose parents kept everything secret,” Ben said. “As parents age, frustrations set in for some children with unanswered questions, for others, surprises and frustrations are acted out among siblings following funeral services. Silence creates a lot of frustration.”

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Growing Financial Stability

For many folks seeking assistance or services, whether it’s day-to-day or in a time of crisis, the cost of resources can deny them access simply because they do NOT have the financial means to pay for them. This has created a need for discounted services, giving birth to thousands of awesome nonprofits that are able to provide these services at an affordable rate.

Most nonprofits that step to the plate to meet these needs, however, are dependent on the eb and flow of the annual giving patterns of their supporters. Some years there is plenty and other years they wonder if they will have to close their doors. Not because their supporters don’t care about what they do, but because their donor base may have experienced a decline in income and thus their giving. Or after decades of faithful support they have transitioned to retirement and are forced to stop donating all together.

So how does a nonprofit offset the ups and downs of annual contributions? The answer: Endowment Funding. Continue reading “Growing Financial Stability”

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Grandpa’s Vineyard of Remembrance

One day as a farmer finished planting his crops, he sat on the back steps to take his boots off before going inside and began to think about his parents and grandparents and all they had done for him growing up. The thought came to him to do something special to honor them. He remembered that his grandmother had always talked about how she would have loved to have had a small vineyard at the back of the yard where she could see it out the kitchen window as she worked at the sink.

The next day he decided to plant six grape vines at the edge of the yard between his house and his fields, so they could be seen out the kitchen window. He planted one in honor of his dad, another in honor of his mom, and four more in honor of his grandparents. In front of each vine he posted a plaque with the names of each parent, one for LeRoi, one for Marge, one for Henry, one for Doris, and one each for Allen and Mary Ellenore.

At Thanksgiving, when all the family gathered together for their traditional holiday celebration, a couple of his grandchildren went out to play in the back yard and noticed the new vines and the plaques beside them. When they went back inside they asked their grandfather, “Grandpa, what are those plants out back and who are LeRoi, Marge, Henry, Doris, Allen, and Mary Ellenore?” “The plants are grape vines” he told them, “I planted one for each of my parents and grandparents.” Continue reading “Grandpa’s Vineyard of Remembrance”

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