Little Sisters of the Poor: Annual Golf Tournament and Dinner
Russo Law Group is a proud sponsor of the Little Sisters of Poor Annual Golf Outing:
Russo Law Group is a proud sponsor of the Little Sisters of Poor Annual Golf Outing:
On October 17, Team Russo participated in the American Cancer Society’s Making Strides for Breast Cancer Walk. For this 28th Annual walk, we were back in person with close to 7,000 Participants and 1,017 Registered Teams! Overall, a total of…
NEW DATE DUE TO RAIN CANCELATION: October 25th
Why should you contact the charity that you are planning to name as beneficiary?
People often wish to leave money to charities. This blog contains real-world scenarios in which individuals leave assets to charities:
Example #1: Tom has no children and no living relatives. His net worth is about 10 million dollars. Realizing his estate would be taxable, he wanted to strategically make a bequest to his alma mater, the church that he attends, and a hospital that he credits with saving his life.
He contacted his alma mater to inform them of his intentions. He signed a letter of intent specifying the dollar amount of the gift he intended to leave. As a result, the college named an endowment after him, with the funds to be used to create a scholarship.
He spoke with the pastor at his church about his intentions, and he was able to hear about the good work that the church will be able to do as a result of his gift.