12 Things To Do In 2013 #8- Barry Allen
When you are asked the question “who are your dependents?” you typically think first of your children. But what about your church and other charitable organizations that depend upon your financial support as well? Are they not your dependents, as well? I would answer “yes” they are.
Therefore, as you prayerfully consider the disposition of the estate the Lord has entrusted to you, include a provision for “your child called charity,” which would be your church and the other charitable causes near and dear to your heart. If you have 3 children, instead of dividing your estate among the 3, divide it among the 4, your 3 plus your “child called charity.” The portion directed to “your child called charity” should be divided among the charitable interests which have been dependent upon your support during your lifetime.
Call Laurie Valentine or me toll free for more information about “a child called charity.”
(502) 489-3533 or toll free in KY at 1(866) 489-3533
The information in this article is provided as general information and is not intended as legal or tax advice. For advice and assistance in specific cases, you should seek the advice of an attorney or other professional adviser.