How do you most fairly treat an irresponsible adult child in the estate planning process?

In this short video (2:49), Ron shares his answer to a subscriber’s question about discerning how much to leave to an irresponsible child in a will. This question is a transitional topic that closes out the series on training children to manage money and opens the next series of questions on wealth transfer (estate planning.) We welcome your comments on the blog and thank you for your ongoing participation in the Virtual Feedback Loop!

As always, Ron’s encouragement to you is to go back to God’s Word to restore your faith. Take a moment to consider the following Scriptures on inheritance, and meditate on their Truth and their application.

Psalm 37:25 (NASB)
“I have been young, and now I am old; yet I have not seen the righteous forsaken, or his descendants begging bread.”

Proverbs 10:22 (NASB)
“It is the blessing of the Lord that makes rich, and He adds no sorrow to it.”

Proverbs 13:22 (NASB)
“A good man leaves an inheritance to his children’s children, and the wealth of the sinner is stored up for the righteous.”

Proverbs 30:8-9 (NIV)
“Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread. Otherwise I may have too much and disown You and say, “Who is the Lord?” Or I may become poor and steal, and so dishonor the name of my God.”

Luke 16:11-12 (NIV)
“So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches? And if you have not been trustworthy with someone else’s property, who will give you property of your own?”

Colossians 3:23-24 (ESV)
“Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward. You are serving the Lord Christ.”