The Planned Giving Blogger

The art and science of planned giving.

Remembering parents and grandparents in your will.

with 2 comments

Elvis Presley did it.  Maybe we should counsel donors to do it, too.  A surprising idea?  Maybe not.  Recent research shows that first wills are often created by individuals in their 40s.  With longevity increasing, this means that many people in their 40s, 50s and even into their 60s have both parents and sometimes grandparents still alive.  Why not remember them in your will?  And maybe we should talk with donors, in the articles we write and in conversation, about this topic.  This article from the Winnipeg Free Press makes a persuasive case.

Phyllis

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Written by Phyllis Freedman

September 8, 2009 at 11:55 pm

2 Responses

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  1. Thanks for spotting ideas like this. I really appreciate it.

    Fred Matthews

    September 9, 2009 at 10:37 am

  2. Because the article you refer to is written by a Winnepeg attorney (no gift annuities allowed so far), it doesn’t mention the possibility of setting up a testamentary gift annuity through a will. If a parent or grandparent is the income beneficiary, then they are most likely old enough to qualify for a very nice income and afterwards, the funds go to the charity. It establishes a deduction for the estate and guarantees the income with the charities assets so the recipient shouldn’t have to worry about the money running out. Win-win-win.

    Lorri Greif

    September 9, 2009 at 2:26 pm


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