Begin
with the Family
As a Family Wealth Planner
I find that my clients share at least one common attribute and that is where to
begin the process of estate planning. Too often they mistake a strategy
for a plan. I generally find that they
have called their attorney and gotten the process going via a will and trust or
even a family limited partnership without first having the main thing
figured out.
Where then do you begin? The answer I believe is to begin by putting first
things first. That is to say by
Developing a Family Mission Statement.
The Family Mission Statement is the process of exploring what your
family is all about. It focuses your
attention on two things: Vision and Purpose.
As part of The 7 Habits Family Leadership Series, Stephen R. Covey
developed a wonderful cassette guide entitled “How to Develop a Family Mission
Statement.”
Experience suggests that too
often in life we are climbing the ladder of success so fast and furious that we
seldom check to see if the ladder is leaning against the right wall. We call
this Hurry Sickness! The results
of having a Family Mission Statement are many. It helps clarify your purpose
from which springs your vision. The process of developing the
Family Mission Statement is as important as the actual Mission Statement as it
requires us to develop good listening skills as we enlist all members of our
family toward committing to a shared mission. It requires us to seek
first to understand others before we seek to be understood. The process is key
to building better unity and communication within the family. It requires us to get in touch with our feelings
and emotions as we seek to develop a meaningful purpose and identify principles
that we will live by.
A Family Mission Statement
helps focus on the sense of future versus the baggage of one’s past. Covey
states “My study has absolutely convinced me that seeing a positive future for
yourself and your family makes all the difference in the effectiveness of
life.” Because the entire family is involved in the creation of the Family
Mission Statement staying on course becomes much easier. This is the process in
which the family determines it highest-priority goals. The family writes the
script for what kind of a family they want to be. The alternative is that
circumstances write your family script for you. “This has the potential for
making the greatest impact for good on your family,” states Stephen R. Covey.
Covey uses the analogy of the
airplane that takes off in
Gary Spicer an attorney in
Our planning process offers new
paradigms that open up many new options. Covey states that we have four
basic needs “to live, to love, to learn and to leave a legacy.”
We find that too often people assume that their objectives cannot be
accomplished and give up and settle for too little. In our experience people
buy into at least 7 myths: death
and taxes are certainties, they must lose control to do good planning, the
family must lose in order for charity to win, they must be charitably inclined
to use certain strategies, the focus should be on the financial aspect only,
I’ll get to it when things settle down and if I just had a little more it
would be enough.
One of major paradigm shifts
comes when clients learn that Capital Gain and Estate Taxes are voluntary.
Another paradigm shift comes when they realize that beginning with a specific strategy
is the wrong place to begin the process!!!
The process begins with the Family Mission Statement and from it we
develop objectives and then our action steps. The end is the
Family Mission Statement and the means are how we go about
achieving those ends.
Imagine that you could pass
your entire estate on to your children and grandchildren without paying any
estate taxes, any capital gain taxes, while receiving enhanced income and
current tax deductions and becoming a substantial philanthropist out of dollars
(social capital) that under the conventional approaches would be going to Uncle
Sam. GOOD NEWS YOU CAN!
In one of Stephen R. Covey’s
many books he asks us to think about going to a funeral to pay last respects
only to discover after arriving that it
is our funeral. Stephen then asks us to imagine not what comments that
will be said about us but what comments we would like said about us. In other
words how would we like to write the last chapter of our life while there is
still time.
In 1995 John Ortberg a pastor
at
It All Goes Back In The
Box
Anybody here but me notice that
the pace of life seems to be accelerating, that what it takes to keep all the
plates spinning in your day seems to be getting faster and faster and faster?
Citicorp became the number one lender in
Domino’s became the number one
seller of pizzas in the
There’s a nationwide grocery
store chain that’s experimenting with shopping carts that they have put video
monitors on, because people complain about it taking so long to go up and down
the aisles and trying to search for all the foods they want. So they have
computerized video monitors on the shopping carts. You can find where you want
what you’re looking for. They still can’t get the wheels to work on the carts,
but they’ve got video monitors on them. It’s all computerized.
People have fax machines, ATM’s
or prolific microwave ovens. Pert Plus became the number one seller of shampoo.
You know why? Shampoo and conditioner in the same bottle. Remember all those
years when you had to shampoo and then rinse, then condition and then rinse.
Now it’s just all in one bottle. “Wash and go” is their slogan. Number one.
In 1967, expert testimony was
given to a committee of the United States Senate, and they said that
technology—labor saving, time saving technology—was going to change the way
that Americans work. that within 20 years people would be working 32 weeks a
year on average, or they would be working 22 hours a week on average, or they
would retire by the time they were about 40 years old, because we would be
saving all of this time through our technology and so on. They said to the
United States Senate that in 20 years the number one challenge Americans would
face with regard to time was what to do with their excess time. Now it’s a little
over 20 years later. Let me ask you, is that your primary challenge when it
comes to time, what to do with all of it that you’ve got left over?
About that same time, a new
kind of restaurant became very popular in American culture, a restaurant that for
the first time in human history sold food not on the basis of its quality, not
on the basis even of its price, but on the basis of the speed with which it is
served. And we coined a phrase for those kinds of restaurants. We called them
“fast food.” Fast food. Not good food, not even cheap food. Just fast.
But even with fast food
restaurants, you still had to park the car and get out of the car and walk all
the way inside and order the food and sit down someplace and then throw the
stuff away. And all of that took time. So we invented drive-through lanes, so
that families could eat in vans as God intended them to. And the beautiful
thing about this arrangement is when you’re in the van and you haven’t got time
to go to the fast food restaurant, the kids can just scrounge around in the
cracks underneath the seats for french fries and gummy bears. I’ve seen your
vans. Don’t tell me you don’t do that kind of thing.
Now my guess is in a room this
size, there’s probably at least a few people that suffer from a disease that
might be called “hurry sickness”—rushaholics, workaholics and so. So here’s
what we’re going to do this morning. We’re going to do a mass confession of
hurry.. a mass confession of hurry. What I’m going to ask you to do is actually
show of hands thing. You’re just going to raise your hand and confess. If
you’re really convicted about this, you might actually want to stand up. Just
kind of get if off your chest. It’s good for the soul. I’m going to ask you, if
you ever experienced hurry, to actually physically go ahead and raise your
hand. No, not yet.. hang on. See, this is a perfect example of what I’m talking
about right here. People saying, “We know where you’re going with this. Just
don’t waste our time. We’ll just get it over with.” Just indulge me a second
here, folks. Let me describe it for you, then I’ll cue you.
If you suffer from this
sickness, this hurry sickness, for you there’s not enough hours in the day.
When you come to a stoplight and there are two lanes, and there is one car at
each one of those lanes, if you have this sickness you find yourself
calculating which car is it...? You know, you try to assess how recent is the
model and the make and all that kind of stuff, who’s going to pull away the
fastest, and that’s who you get behind, if you have this disease.
When you go grocery shopping
and you’re all finished with the stuff that you want to buy and you look at the
checkout lines, you count how many people are in the lines. Who has got the shortest
line. And you calibrate how much stuff’s in all the carts and so on. Which one
are you going to get through the fastest? And if you’re really sick, if you’re
really sick, then when you get in this line, you keep track of who would have
been you in the line next to you, and you kind of watch as you go through the
line together which one’s going through fastest, and mentally you pressure the
people in front of you. And if the person who would have been you in this other
line gets through first and is out the door and you’re still standing there,
you go away kind of depressed. You lost.
If you have this sickness, you
are what’s called “polyphasic.” Polyphasic, that is, you have to be doing more
that one thing at the same time. You’re driving a car, drinking coffee,
listening to the radio, talking on the car phone, signaling and making
emotionally cathartic gestures, all at the same time.
All right now, mass confession
time, show of hands. How many of you would say, “I suffer from hurry sickness.
I’ve got this disease.”? Raise your hands, would you? A few people standing
here, that’s a good thing.
I want to ask you this morning
to consider the possibility that your greatest need in life might not be for
someone to come along and say, “We can help you move faster.” A guy comes home
from work every day, and he always brings his briefcase. And his son notices
this, day after day. So finally his son says to his dad, “Dad, how come you
bring your briefcase home every day?” And the dad says, “Well, son, it’s because
I can’t get all my work done during the day at the office.” And his son says,
“Well, Dad, can’t they put you in a slower group?” I want to invite you this
morning to do a rather radical thing, to consider the possibility that maybe
you need to get put in a slower group. Maybe.
Jesus is talking to people who
are tempted to just throw their life away on stuff that doesn’t matter and
won’t last, and so in typical fashion He tells a story. What I want to do now
is to try to retell it the way that I think it might get told to us in the 90s.
It’s a story about a guy who is a busy guy. He was committed and he was willing
to do whatever it would take, and it would take everything. So he finds
himself, this guy who’s in agribusiness, consumed by his work. This
entrepreneur, he puts in 12, 14-hour days, works weekends, joins professional
organizations and boards of directors to expand his contacts.
And even when he’s not working,
he finds his mind drifting towards work, so that work becomes not just his
occupation but his preoccupation. His wife often tries to slow him down, to
remind him that he’s got a family. And vaguely he’s aware of the fact that his
kids are growing up and he’s missing it, and from time-to-time they complain
about books they want him to read or games of catch they want to play, but
eventually after enough books not read and games not played they stop
complaining because they stop expecting. And he says to himself that he’ll
become more available to the important people of his life in six months or so,
when things settle down. One of his favorite phrases, “When things settle
down.” And although he’s a very bright guy, this man in Jesus’ story, he never
seems to notice the fact that things never settle down. “Anyway,” he says to
himself when he’s feeling guilty, “I’m doing it all for them.”
He woke up once at
He recognizes that his life is
out of balance. His wife tries to get him to go to church with her. And he
intends to do it, but when Sunday morning rolls around, it feels to him like
that’s the only time in the week that he can crash. “Besides,” he says, “The
church is so big, and parking is such a hassle getting in there, and the
pastor’s always talking about these sailing analogies and so on at this
church.” And he says, “Besides, I can believe without the church.” He says,
“There will be time for that when things settle down.” When things settle down.
One day a comptroller of his
company comes to see him and tells him, “You’re not going to believe this, but
business is booming such that we can barely keep up with it. We’re on the brink
of a miracle. This is our chance to strike the mother lode, and if we catch
this wave, we’ll be set for life. But it’s going to take major changes. We’ve
got inventory headaches like you wouldn’t believe, and demand is outstripping
supply, and our software’s outdated, and if we don’t overhaul this whole
company top to bottom, it’ll be a disaster.”
Now from that moment on, this
guy is like a man consumed, and every waking moment is devoted to this
once-in-a-lifetime opportunity. And then it hit him. He’ll put the company
through a technological revolution—modems in the car phones, fax machines in
the employee washrooms, 24-hours-a-day on-line service capability to all the
clients—completely rebuild the company. And that night he goes home to his wife
and he’s all excited, and he says, “You know what this means, don’t you? Once I
get through with this project, we can relax. Our future will be assured. We’ll
be set for life because..” he says to her, “I know the market. I’ve covered
every base. I’ve anticipated every contingency. We will finally have financial
security, be able to take those vacations you’ve always wanted to be taking...”
and so on. But she’d heard that song before, and she’d learned not to get her
hopes up.
His death is a major story in
the financial community. His obituary is written up in BUSINESS WEEKLY and
FORBES and THE WALL STREET JOURNAL, and it’s too bad he was dead because he
would have loved to have read what they wrote about him. And then they had this
memorial service for him, and because of his prominence the whole community
comes to it, and they all file past his casket, and they all make the same
stupid comment that people always make at funerals: “He looks so peaceful.”
Rigor mortis will do that to a person. It’s just what happens. We used to have a
saying where I grew up: Death is just nature’s way of telling you to slow down.
People get up to eulogize him
at this service. “He’s one of the leading entrepreneurs of the day,” one of
them says. “He was an innovator in technology and delivery systems,” says
another. “He was a man of principles,” said somebody else, “and he’s a
straight-arrow guy. He would never cheat on his taxes or his expense account or
his wife.” Another person said, “He had all kinds of civic achievements. He was
a pillar in the community. He knew everybody. He was a networker.” And then
they all got together and they had a memorial constructed for him, and they
wrote inspiring words on it, words that they would choose to try and summarize
his life—entrepreneur, innovator, leader, visionary, pillar, success. And they
buried him, and they put up the memorial, and then they all went home.
But then, when it was dark and
there was no one around to observe, then unseen, unheard came the angel of God
to this cemetery and made his way through all of the graves to the grave of
this man and there traced with a finger the single word that God chose to
summarize the meaning of this man’s life. You know what the word was? Fool.
“You fool,” God said.
Now you have to ask yourself,
“Why did Jesus use such strong language?” That’s a strong word. What I want to
suggest for you to consider is that Jesus here is not engaged in name-calling,
but He’s making a tragically accurate diagnosis. That for all of this man’s
entrepreneurial acumen, for all of his ability to run cost/benefit analyses and
cashflow projections, there’s one scenario that he had forgotten to account for
in his forecasts. You know what it was? It was death. He forgot to consider the
possibility that somewhere along the line he might die. And God stands amazed
at the folly of a human being who painstakingly prepares for every contingency,
covers the bases of every eventuality, however unlikely, and forgets the one
inevitable certainty that stares all of us in the face from the moment we were
born, which is we’re going to die. He neglected to plan for the most obvious
and predictable event of human existence. “So what other word,” Jesus asks,
“can you use to describe behavior as irrational as that?” So busy building up
his little kingdom that he had no time for the
Two great illusions prop up the
lives of rich fools like this guy and like a lot of us. One of them is
contained in his little phrase, “when things settle down.” The illusion
is that someday life will slow down and there will be time to get around to the
things that are important. Listen, friends, do you know when things will settle
down? When you die. Things will settle WAY down when they put you in the
ground. But until that day comes, it’s not likely that things are going to
change in your life so that all kinds of time becomes available for you to get
around to important things.
A month or so after I had been
on staff here this last fall, I called friend of mine, about the smartest guy I
know in terms of spiritual life and spiritual health. And I said, “If you had
to give me one piece of advice, one thing that I need to watch to make sure
that I stay spiritually vital, what would it be?” And this is what he said to
me. He said, “You must eliminate hurry from your life.” And there was a
long pause. And then I said, “Okay, yeah. I got that. I wrote that down. I got
things to do, so go ahead and tell me. What else? Come on, it’s a long distance
call.” He said, “Nothing else. You must ruthlessly eliminate hurry from your
life.” If you look at the life of Jesus, you will see a person who was never
hurried. He was often busy. He had many things to do. But as He went through
life, He arranged His life in such a way, He carved out time for solitude and
prayer and so on in such a way that He was always in every moment available to
His Father, able to be led by the Spirit. And He was always able to love the
people that came into His life. He was never hurried. Things are not going to
settle down. You may want to chant that one a few times to yourself. “Things
are not going to settle down. You must ruthlessly eliminate hurry from your
life.”
There’s a second illusion that
props up the lives of rich fools, and it’s this: That someday more is going
to be enough. That someday more is going to be enough. This guy kept
thinking, “If I just get more.. bigger barns.” The Bible says an interesting
thing about contentment. It says that contentment is a learned skill. It’s an
attitude. In other words, it’s not the case that eventually someday I’m
going to have enough stuff so that I will be content. If I’m ever going to be
content, I must learn to be content in what I’m living in right now.
I don’t know if any of you read
the cartoon strip “Peanuts.” Charlie Brown? But in one of them, Snoopy is
sitting on his doghouse. It’s Thanksgiving, and Snoopy is upset because Charlie
Brown and his family are celebrating Thanksgiving with a huge turkey dinner,
and Snoopy is stuck on the doghouse with dog food. And then he reflects on this
a little bit, and he says to himself, “But it could be worse. I could have been
born a turkey.”
Now if you don’t take anything
else away this morning, I want you to take away those four words: It could be
worse. I want you to remember those, so I’m going to ask you to do kind of an
unusual thing. I’m going to ask you to say those four words out loud, together
with me, so that you’ll remember them. All right? “It could be worse.”
Now when you leave here and get
in your car in the parking lot, you’re going to be tempted to think, “If I had
somebody else’s car that I’m looking at out here—a bigger car, a nicer car, a
newer car, a more expensive car—then I would be content.” But today at least,
you’re not going to think that, because today when you get into your car you’re
going to say to yourself with great passion, “It could be worse.” With great
passion, “It could be worse.”
When you drive to wherever it
is you live, your apartment, your house, wherever it is, you’re going to get to
the door. When you put your hand on the doorknob, you’re going to be tempted to
think about somebody else’s home. You’re going to be tempted to think, “You
know, if I lived in another place that was bigger, nicer, newer, more
expensive, then I would be content. Then I would have enough.” But today at
least, you’re not going to do that. Today when you walk through the door you’re
going to say to yourself with great passion, “It could be worse.”
Tomorrow morning when you wake up
and you roll over and you look at your spouse, you’re going to say... No, don’t
do it. Don’t do it. It could be worse.
I learned how to play Monopoly
from my grandmother. She was a wonderful person. She raised six children. She
was a widow by the time that I knew her. But she was the most ruthless Monopoly
player I have ever known in my life. Imagine if Donald Trump had married Leona
Helmsley and they’d had a child, and you get some picture of what my
grandmother was like when she played Monopoly. She understood that the name of
the game was to acquire. When she played and I got my initial money from the
bank, I would just try to hold onto it, because I didn’t want to lose any of
it. She spent everything, bought stuff she landed on as soon as she could, and
she’d mortgage it to buy more stuff. And eventually, of course, the way the
game goes, eventually she would accumulate everything. She would be the master
of the board. She understood that money was how you keep score in that game,
that possessions were a matter of survival. And she beat me every time. And at
the end of the game she would look at me and she’d say, “One day you’ll learn
how to play the game.” She was kind of cocky, my grandmother. “One day you’ll
learn how to play the game.”
When I was about ten, I played
every day with a kid that lived in our neighborhood, and it dawned on me as we
were playing every day all through that summer the only way to beat somebody in
Monopoly was a total commitment to acquisition. That summer I learned
how to play the game. And by the time fall rolled around, I was more ruthless
by far than even my grandmother. I went to play her, and I was willing to do
anything to win. I was willing to bend the rules. I played with sweaty palms.
Slowly, cunningly I exposed the soft underbelly of my grandmother’s weakness.
Relentlessly, inexorably I drove her off the board. The game does strange
things to you. I can still remember like yesterday. It happened at
And then she had one more thing
to teach me, my grandmother. Then she said to me, “Now it all goes back in
the box. All of the houses and hotels, Boardwalk and
He was a shrewd guy, this man
in Jesus’ story. He learned to play the game, and he played it well. He was
the master of the board. But he forgot this one thing: the game would end. The
game always ends, folks. Sooner or later, it all goes back in the box. A
businessman is jogging and he feels a sudden pain in his chest, and in an
instant it all goes back in the box. A teenager’s driving in a car,,, and
somebody misses a stop sign, and in an instant it all goes back in the box. The
doctor says it’s malignant, and you’re lying in a hospital bed, in an instant,
it all goes back in the box—house, car, title, clothes, toys, they all go back
in the box. Filled barns and bulging portfolios, even your body goes back in
the box. “So you have to ask yourself,” Jesus says, “what is it that
matters? What is it that’s worth giving your life to?” What is
your purpose? Do you know what you’re mission statement in life is?
This story that Jesus tells
gets lived out millions of times every day. You don’t even have to believe in
the Bible to see it. All you have to do is look around you. Here’s an article I
came across some time ago, it was written by Bill Hybels. It was about another
person, and this is what he says, describing this person: “All he ever wanted was
more. He wanted more money, so he parlayed inherited wealth into a billion
dollar pile of assets. He wanted more fame, so he broke into the
Now here’s the question I want
you to consider: If Howard Hughes had pulled off one more deal, earned one more
million, experienced one more thrill, would that have been enough?
She was the most adulated of
women. Every woman envied her. Every man wanted her. She had beauty, money, fame
and power, but she died alone. She died at her own hand. Let me ask you a
question. If Marilyn Monroe had had one more hit movie, one more magazine
cover, one more sexual relationship with a powerful man, would it have been
enough?
We moved out here from southern
“How far do you have to walk
down that road,” Jesus says, “before you see where it leads?” “Surely you
understand,” He says, “that it will never be enough because it’s all
going to go back in the box.”
Jerry Seinfeld had a book that
came out about a year ago. He wrote, “To me, life boils down to one significant
thing—movement. To live is to keep moving. Unfortunately, this means for
the rest of our lives we’re going to be looking for boxes. When you’re moving,
your whole world is boxes. That’s all you think about. Boxes, where are the
boxes? You just wander down the streets, going in and out of stores, “Are there
boxes here? Have you seen any boxes?” It’s all you think about. You could be at
a funeral. Everyone around you is mourning, crying. And you’re looking at the
casket. “That’s a nice box. Does anybody know where that guy got that box? When
he’s done with it, do you think I could get it? It’s got some nice handles on
it. My stereo would fit right in there.” I mean, that’s what death is, really,
the last big move of your life. The hearse is like the van, the pallbearers are
your close friends, the only ones that you could really ask to help you with a
move that big, and that casket is that great, perfect box that you’ve been
looking for your whole life.”
You see, all of this rushing
and accumulating that our lives become oriented around involve a form of
denial, Jesus is saying. And the fundamental reality that we all deny is that
we’re going to die.
There is a simple, two-word
question that people tend not to ask. The question is, “Then what?”
That’s the question that the guy in Jesus’ story never asks. When I finally
have enough, when my barn is finally full, when I am financially secure, then
what? You have to ask yourself, when you finally get the ultimate promotion,
when you’ve made the ultimate purchase, when you’ve got the ultimate home, when
you’ve stored up financial security, when you have climbed the ladder of
success to the highest rung that it can be climbed and the thrill wears off—and
it will wear off—you’ve got to ask yourself, “Then what?” What do you do with a
cold marriage or one that has failed altogether or with children that learned
early on that they’re not as important as a briefcase and a meeting and a barn
full of stuff? What do you do with people who should be your close friends who
don’t even know you, not really? What do you do when you discover that your
life has had no vision and no meaning? How important will all that stuff be
then? “Don’t you know,” God asks, “how quickly life passes? Don’t you
understand that it all goes back in the box?”
Every once in a while,
something happens that pierces all of our denial and defenses. When I started
studying to get involved in ministry, the person who mentored me in speaking is
not only about the best speaker that I have ever heard, he’s one of the most
gracious and humble people that I have ever known. And if I had to come up with
a short list of people who to me are about as close to Jesus as anybody that I
know, he’d be one of those people for me. So he is not only my mentor. Over the
years, I was very fortunate in our being able to become good friends.
And this summer, when we were
thinking about leaving southern
I mention this because I got a
phone call the week before this week that he has been diagnosed with a terminal
disease, and the prognosis is that he will live somewhere between two months
and a year. And I started thinking immediately, “What can I do? What can I do
that will help?” And then of course, the thought came back in this situation,
really nothing. I can call and write and get together and do what I can, but
ultimately now my good friend is facing a moment that every one of us will one
day face.
Ultimately, the question is,
“Then what?” My friend is one of the most gifted and educated and
well-connected people I know, and he has used none of this for himself. He
never became rich, although he could have. He never accumulated much in the way
of power. He just devoted his life to knowing Christ and to growing like Him,
and to telling other people about Him. And I think that, as far as it’s
possible to know this about another human being, that when he faces God that
his word from God will be “Well done. You lived your life wisely.” I think that’s
what he’s going to hear.
Now I don’t mean to be
melodramatic about this, but I think there’s a greater danger in our society of
avoiding or denying ultimate reality. So I want to ask you, if tonight was your
night, if this was the day that your soul was going to be demanded of you,
which it will one day, if God were going to write a single word to summarize
your life, what would it be? Because, friends, you don’t want to get to that
point and realize that you’ve wasted your life on stuff that doesn’t matter. So
just remember the guy in Jesus’ story. Remember that things will not settle
down. Remember that more will never be enough. Remember that it all goes back
in the box.
John Ortberg
(1995 Foundation Conference)