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Old 12-03-2013, 04:22 PM   #21
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Originally Posted by steelyman View Post
I thought I could establish a revocable living trust with specifics. Is that greatly different from a charitable remainder trust?
Unlike the RLT, the CRT makes your gift tax deductable while you are alive.
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Old 12-03-2013, 04:31 PM   #22
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Originally Posted by GrayHare View Post
Unlike the RLT, the CRT makes your gift tax deductable while you are alive.
Ah. Thank you, I will look more into options.
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Old 12-03-2013, 05:33 PM   #23
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We will probably set up a CRT at some point.
For now, the Donor Advised Fund we set up at Fidelity is a wonderful way to handle our charitable efforts.
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Old 12-03-2013, 05:41 PM   #24
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Originally Posted by braumeister View Post
We will probably set up a CRT at some point.
For now, the Donor Advised Fund we set up at Fidelity is a wonderful way to handle our charitable efforts.
You can use your donor advised fund to satisfy your charitable objectives at death, simply by designating the charities as beneficiaries. I have mine being distributed in thirds to three charities.
Bruce
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Old 12-03-2013, 06:26 PM   #25
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My idea was something along these lines...

Bequeathment Alternatives
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Old 12-03-2013, 06:31 PM   #26
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Nothing is bigger turnoff to me than picky-picky donees.

Fie on them.

Ha
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Old 12-03-2013, 07:49 PM   #27
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Food for thought

Anecdotally I have seen many posts which indicate there are those among us who plan to live to 90 or 100, withdraw substantially less than 3% from the nest egg and have LTC insurance.
I've seen a number of posts indicating one or two of these, not so many with all three. Maybe I haven't been paying attention, at least not enough to suggest to other people what they should do with their money. I'm one of those planning for the case of living to beyond 90. Some people actually do live beyond 90, so I keep control of most of my money just in case I am one of them.
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Old 12-04-2013, 08:46 AM   #28
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I gave a big check to my favorite college. I was not on their mailing list before this and now I receive mail regularly. It's subtle but they are spending a lot to cultivate me now and I presume until I die.

Better, perhaps to wait and put them in the will -- unless you like being "cultivated".
I don't like being "cultivated" either.

But, if I had enough money, it could be enjoyable. Give a big enough check, and have a big enough net worth, and the "cultivating" includes election/appointment to the Board of Trustees. I can imagine that would be a nice experience.
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