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

[Doug Owens]

Dear Amber, thank you.  Yours truly, Doug Owens

On Mar 7, 2018, at 11:46 AM, Amber K. Quintal <aquintal at omwlaw.com<mailto:aquintal at omwlaw.com>> wrote:

Similar to Lisa's suggestion but still involving the PR (if that's the goal) - the client could make the bequest to a donor advised fund (like Fidelity Charitable giving account) on which the PR is the account holder, or if the testator is the account holder, the PR is the account successor.

https://www.fidelitycharitable.org/docs/Bequests.pdf

Amber K. Quintal  |  Member

Ogden Murphy Wallace P.L.L.C.
901 Fifth Avenue, Suite 3500 Seattle, WA 98164
phone: 206.447.7000 | Fax 206.926.2879
aquintal at omwlaw.com<mailto:aquintal at omwlaw.com> | www.omwlaw.com<http://www.omwlaw.com/>


CONFIDENTIAL COMMUNICATION - This communication constitutes an electronic communication within the meaning of the Electronic Communications Privacy Act, 18 U.S.C. Section 2510, and its disclosure is strictly limited to the recipient intended by the sender.  It may contain information that is proprietary, privileged, and/or confidential.  If you are not the intended recipient, any disclosure, copying, distribution, or use of any of the contents is STRICTLY PROHIBITED.  If you have received this message in error, please notify the sender immediately and destroy the original transmission and all copies.

-----Original Message-----
From: wsbapt-bounces at lists.wsbarppt.com<mailto:wsbapt-bounces at lists.wsbarppt.com> [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Lisa E Schuchman
Sent: Wednesday, March 7, 2018 11:15 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com<mailto:wsbapt at lists.wsbarppt.com>>
Subject: Re: [WSBAPT] will provision to delegate selection of charitable beneficiaries to PR

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
http://www.lisaschuchman.com<http://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<mailto:wsbapt-bounces at lists.wsbarppt.com> <wsbapt-bounces at lists.wsbarppt.com<mailto: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<mailto: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<mailto:WSBAPT at lists.wsbarppt.com>
http://mailman.fsr.com/mailman/listinfo/wsbapt

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

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

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20180307/cfa2263f/attachment.html>