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trusts and estate planning
Martin Shenkman


Making a Bequest Work: The Barnes Foundation Case


A lot of people give money to charity and sometimes the donation is to support a particular cause like a disease. The problem comes up when people make bequests in wills or significant long term commitments to a charity but get too restrictive in how they structure the gift. Give money to find cure for disease and it is cured what happened to the money? Must be flexible. Unless there’s a major reason to use exact numbers its better to use percentages and shares.

The above is a summary of a radio show on MMFN Money Matters Financial Network, on June 30, 2008 with host Gary Goldberg, of Gary Goldberg Planning Services, Inc. in Montebello, New York, and his guest Martin M. Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the audio clip of this segment on www.laweasy.com.

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