Testamentary Charitable Gifts: Bringing Peace to a Stressful World

We all feel stress from things like traffic, health, deadlines, family obligations and business goals. 

Financial and estate planning presents yet another stressful challenge, particularly for clients who wish to make a charitable gift but are reluctant to relinquish control of their assets during life.

Luckily, testamentary charitable gifts can be a virtually stress-free solution for some clients.

In the Winter 2020 issue of The Good Advisor, we look at charitable bequests (types, benefits, and possible pitfalls) and testamentary gifts of retirement assets (the relative simplicity of a beneficiary designation and the benefit of making a gift of income in respect of a decedent, or IRD). 

In addition, we encourage you to review this quarter’s issue of The Good Advisor supplement to read about the basic components and considerations of charitable testamentary trusts. 

We’re already planning for our 14th annual Advisors Series for Estate and Wealth Management Professionals at the Belo Mansion that will take place on November 18 in Dallas at the Belo Mansion, and invite professional advisors to please save the date as registration will open later this year.