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Abstract: 

Many estate planners work with clients on the development of sophisticated planned gifts, which provide needed support to charitable organizations throughout the country. More and more donors of charitable gifts are specifying the exact use to be made of the gift, perhaps many years into the future. Your client has a vision about the charity’s use of the donated assets. But what happens if your client’s specific gift purposes are no longer viable or even needed by the charitable organization years after the gift is made? What steps should be taken as the gift is planned to provide flexibility as today’s reality changes over time?

Keywords: Client’s Perspective vs. Reality; Role of Board of Directors; Elaborating Client Goals

Affiliations:  1: Krieg DeVault LLP (Retired).