More and more senior citizens who are widowed or divorced are establishing new “twilight relationships,” and if either partner has substantial assets, the financial and estate-planning issues can be considerable. In some instances a charitable gift may be part of the solution. Here are some issues to consider.
You may be hesitating to make a gift to our organization because you don’t want to incur the expense of changing your will. Actually, there are numerous ways to arrange a future gift while leaving your current will intact.
Many people worry that significant estate taxes will be due at death—and that these taxes could diminish inheritances or possibly even force the sale of a small business or family farm. That is rarely true, especially now that the federal estate tax exemption is so high.
Bill Tracy, agronomy professor and sweet-corn breeder, was named the recipient of the nation’s first endowed chair focused on plant breeding for organic crops. The $2 million endowment is supported by Organic Valley and Clif Bar & Company, with the help of a matching gift from UW alumni John and Tashia Morgridge.
Many people who own rental property are not full-time investors in real estate and could wind up in a tax situation that can be solved by creating a charitable remainder trust.