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

[Doug Owens]

Thank you, Lisa.  Yours truly, Doug Owens

> On Mar 7, 2018, at 11:15 AM, Lisa E Schuchman <lisa at lisaschuchman.com> wrote:
> 
> 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
> 
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> -----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
> 
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