A Family Affair?
Although your investments, charitable gifts, and estate plans involve three of the most personal decision-making processes that you will ever undertake, maybe you should look at these issues in a new light as family affairs. How can this be?
In this issue of Legacy, our two feature articles highlight the many tax, wealth, and sanity-saving benefits of at least some amount of family involvement in these matters. Creating and giving to charity through a donor advised fund may just be the most time-efficient and tax-wise step that you can take to maximize the impact of your gift, and build respect for charitable giving among your family members of different generations. And, although the latent mystery surrounding the terms of a deceased’s estate makes for fascinating cinematic viewing, in the real world it’s better to be frank, open, and sharing about some of the most sensitive decisions that need to be made about your estate plan. Read further to learn about the steps that you should take, sometimes with family members, to help preserve your estate for the “right time.”
After all, in so many ways, life is in one form or another, a family affair.
Sincerely,
Marguerite C. Johnson ’61
Senior Vice President and Chief of Staff
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