[WSBAPT] will provision to delegate selection of charitable beneficiaries to PR

[Lisa E Schuchman]

Doug,

I have sent people with this idea to the Seattle Foundation or the Pride Foundation.  With both foundations, the donor can meet and set up a list of donees.  They can also change them if they want to (while they are alive).  The beneficiary in the will is the foundation, either of which will give you language to use in the will.  They charge a management fee, of course, but some of my clients have thought it worthwhile to have the flexibility.

Lisa E. Schuchman
206-960-4212
www.lisaschuchman.com

I learn, I give. – Gloria Steinem

NOTE: I do not use encrypted email.  Messages sent to or from my office via email are not secure and may not be protected by attorney-client privilege. This email address is not monitored at all times.  If your matter is urgent, please phone my office during regular business hours.  

Any tax advice included in this document and its attachments was not intended or written to be used, and it cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
  Please consider the trees before printing this document

-----Original Message-----
From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Doug Owens
Sent: Wednesday, March 7, 2018 10:53 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] will provision to delegate selection of charitable beneficiaries to PR

Dear list mates, I have a client who has asked me to prepare a will that includes a substantial residuary provision that would authorize the PR to select charities to receive shares of the estate.  I have not come across this before and I wonder first if a PR can select beneficiaries and second whether this provision would pass muster as a charitable gift to entitle the estate to the charitable deduction for estate tax purposes.  Is there another way that people use to accomplish this objective such as a trust?  But can a trustee select the beneficiaries of a trust?  And would a testamentary gift to a trust qualify for the charitable tax deduction?  Thanks for your consideration.  Yours truly, Douglas Owens

_______________________________________________
WSBAPT mailing list
WSBAPT at lists.wsbarppt.com
http://mailman.fsr.com/mailman/listinfo/wsbapt