Would you ever consider it, and Why? I am interested in specific benefits and processes to go though the process of transferring real estate or bonds…
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Benefits, Charitable, Donating, Estate, Trust, What, Your
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#1 by Daniel L on September 14th, 2009
Often you can get an annuity in return for your generous contribution. In the USA, you can get an immediate tax deduction for the donation then receive partially tax-free income for life.
Here is a site that is promoting such donations in my area:http://www.kqed.org/support/giftplanning…
I’d consider it if I were in one of two situations. First is not having any family to give it to. Second is having excess wealth… for I believe in Warren Buffet’s comment, “I want to give my kids enough so that they could feel that they could do anything, but not so much that they could do nothing.”
#2 by Danyel W on September 14th, 2009
They say you can’t take it with you. If you have no beneficiaries that need financial assistance, and you don’t want all your money to just go to the government, donating your estate to a charity is a perfect option. Not to mention the benefit of helping others.