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At her death, Clara wants to maximize her benefit to the American Cancer Society and, at the same time, maximize benefits to her children and

At her death, Clara wants to maximize her benefit to the American Cancer Society and, at the same time, maximize benefits to her children and grandchildren. Which assets would be best left to the American Cancer Society?
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At her death, Clara wants to maximize her benefit to the American Cancer Society and, at the same time, maximize benefits to her children and grandchildren. Which assets would be best left to the American Cancer Society? leave the checking account to charity because it is liquid leave the house to charity to avoid capital gains leave the IRAs to charity directly to avoid subjecting them to income tax leave the vacation house to charity to avoid capital gains SIATEMENT OF FINANCIAL POSITION Tim (deceased) and Clara Morrish As of December 31.2021 Information Regarding Assets and Liabilities Primary Residence Purchased April 1, 1984 - Market value $400,000 as of November 1, 2021, and January 1,2022 - Original purchase price $110,000 Vacation Home This home is owned by Clara (fee simple). - Clara inherited the home from her mother who paid $75,000 for it. The fair market value at the date of transfer to Clara was $125,000 in July 2003. The current fair market value is $200,000. - The vacation home is located in a noncommunity property state. All payments for repairs and maintenance have been made by using community property assets

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