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Reply to "Leaving estate to charity"
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[quote=Anonymous]I am not going to have children and have one nephew that I am reasonably close with, insofar as one can be with a 12 year old boy. Who knows what will happen in the future but the general plan in my mind is that he will inherit the bulk of my estate. I may still make a few small bequests to this and that. You will know better than any of us you feel, deep inside, any real family connections to your nieces and nephews and whether that justifies leaving then anything or not. But I also agree with some of the comments about charities not always being what they seem. A few thoughts for you: 1. Make sure you know your charities extremely well and that they won't do things you don't want them to do with the money. You can't control how charities change over time after you die and doubtlessly there would be plenty of donors who'd gladly change their minds had they known what was to happen in the decade after their deaths. 2. Did any of your wealth derive from inheritances from your parents? If so, perhaps consider setting side that money for inheritances to your nieces and nephews. 3. Even if your family members are established and well off, it is still fun to receive an unexpected inheritance. Seems like you are well off enough to leave $100-200k to each niece/nephew with the instructions to go and enjoy the money, and the rest can go to a carefully selected charity. [/quote]
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