The present dispensation of Grace, and what follows

According to Paul writing in Ephesians 3:1, we are now in the dispensation of Grace which means we're put right with God by the grace of God through repentance and faith in Jesus the Messiah. As we receive forgiveness and new life through Believing on the Lord Jesus Christ we then accept God's way of living, His Commandments given through the Lord Jesus and written in the Word of God.