More than half of Southern Baptist pastors do not have an estate plan.
Christians tend to look up to pastors.
People go to pastors for wisdom and advice.
Pastors are supposed to practice what they preach.
In the end, however, pastors are just as human as the rest of us when it comes to estate planning.
This news comes to us through a recent Baptist Press article titled “Young or old, many pastors lack a will, survey finds.”
Of pastors ages 18 to 44 only 31 percent have a will and only 14 percent have health care directives or a power of attorney.
Of pastors ages 55 and older, only 54 percent have a will and only 25 percent have a heath care durable power of attorney.
Many of the survey respondents do not know the laws of estate planning in their states and how it will impact their families.
Although more than half understand that courts appoint guardians for minor children when there is no will, 48 percent think their families are left to distribute their estates as they see fit.
The courts decide what happens in both instances.
This can be expensive, time-consuming, and difficult for the family left behind.
Regardless whether you are in the pulpit or in the pews, do not delay.
Work with an experienced estate planning attorney to make proper plans today.
Reference: Baptist Press (August 31, 2018) “Young or old, many pastors lack a will, survey finds”