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Reply to "Leaving estate to charity"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm leaving it to my two nieces. I've seen too many situations where charities do not support the donor's wishes.[/quote] This. It happens all the time. Many will sue the other beneficiaries as a matter of course to see if they can get more. The one I worked for had an in house council whose job it was to do this.[/quote] Exactly! It may sound simple to "leave it to charity" but it's not like dropping a box at Goodwill. Red Cross is going to hold up your funds so Alma Mater doesn't get a dime. And then they're gonna spend your money on staff salaraies, overhead, etc so that about 2% of your donation goes into the hands of people who could use it. It would take some effort on your part, but you could set up an educational trust fund that benefits your six relatives and their offspring. Major brokerage houses have trust administration depts that handle this. As PP's have mentioned, one of these people may be the one who turns off the lights at your final residence, handles your final wishes, etc. Make it easy on them. [/quote]
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