Question
Carlos, your client, is 56 years old and has asked you for advice in making a charitable gift. He is a Christian, but became a
Carlos, your client, is 56 years old and has asked you for advice in making a charitable gift. He is a Christian, but became a believer only recently, and is the only believer in his family. Carlos wants to make a gift of $50,000 to his church and doesn't want his wife or his 4 sons to be able to challenge or block the gift. He asks you to structure the gift so that the church will, indeed, receive the money. He doesn't care whether that happens now or in the future, but he does want the church, rather than his family, to receive the money.
How would you advise Carlos (a) on whether giving money to the church instead of his family is an appropriate planning goal, and (b) how the gift can be structured to accomplish his goals? Write your reply in 300 words with a biblical source.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started