Payment Method Self-Quiz
Moses is an
alumnus of Rice University. He has fond memories of the years he spent
there, since that is where he met his late wife Victoria. Although he
has acquired substantial assets, he still needs to live off the income.
As such, what would be the best method for Moses to make a charitable
contribution to his alma mater?
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Moses is an
alumnus of Rice University. He has fond memories of the years he spent
there, since that is where he met his late wife Victoria. Although he
has acquired substantial assets, he still needs to live off the income.
In fact, he needs a supplement of about $20,000 per year, which represents
60% of the initial fair market value of the property he plans to put in
the trust. Plus, he wants to receive the money for 25 years. Which of
his requirements are permissible?
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Moses is an
alumnus of Rice University. He has fond memories of the years he spent
there, since that is where he met his late wife Victoria. Throughout his
life he has acquired substantial assets and he wants to pass along those
assets to his children and grandchildren. He does not have a current need
for the income those assets generate. As such, what would be the best
method for Moses to make a charitable contribution to his alma mater?
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