Wednesday, August 17, 2005

News-Democrat & Leader Online-Ounce of prevention' needed in planning charitable contributions

News-Democrat & Leader Online: "News
'Ounce of prevention' needed in planning charitable contributions

By Becky Coursey-Staff Reporter beckyndl@hotmail.com

Assistant Attorney General David Edward Spenard recently gave the N-D&L some pointers in planning one's estate if wanting to leave parts of it for charitable purposes.

He suggested using 'an ounce of prevention' and to work together with universities, churches, or whoever it is who will receive the benefits. A lot of times, universities or organized charities will have a process to make charitable giving and trust establishment a much easier experience.

And doing such planning while alive will ensure that your wishes are carried out and take the burden off of the trustees or executors after your death.
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