Archive for the ‘Philanthropy/Charitable Giving’ Category

University’s Decision on Spending $4 Million Bequest from Frugal Donor is Controversial, Fully Permissible

Wednesday, November 2nd, 2016

University of New Hampshire library cataloger and alumnus Robert Morin died in 2015 at the age of 77. Morin, known for his thrifty lifestyle, spent little on food or clothes, and drove a 1992 Plymouth until his death. His will bequeathed a $4 million fortune to his employer, with the ...

Combination Gift Plans

Monday, October 24th, 2016

Combining estate plans and lifetime financial plans can be challenging, especially for individuals who have dedicated a significant portion of their estate to charity, for example 50% or more.  Wills are often drafted independently of lifetime financial plans.  The drafting lawyer may not ask the question "is it prudent and ...