I’m in the USA and I own some real estate. I’d like to have it sold for the benefit of a charity after I die. If anyone has information on the best way to do this, please let me know, and perhaps incorporate it into the guide above.
Thanks!
I ended up:
Setting up a living trust.
Transferring the real estate to be owned by the trust.
Specifying in the trust that upon my death all assets should be donated to a donor-advised fund (DAF).
Specifying in the trust how the DAF funds should be donated.
I did this after verifying that DAFs do accept real estate. E.g., Schwab Charitable.
I don’t know the answer to that myself, but if you find it out and let me know I’d be happy to update the guide.
I’m in the USA and I own some real estate. I’d like to have it sold for the benefit of a charity after I die. If anyone has information on the best way to do this, please let me know, and perhaps incorporate it into the guide above.
Thanks!
I ended up:
Setting up a living trust.
Transferring the real estate to be owned by the trust.
Specifying in the trust that upon my death all assets should be donated to a donor-advised fund (DAF).
Specifying in the trust how the DAF funds should be donated.
I did this after verifying that DAFs do accept real estate. E.g., Schwab Charitable.
I don’t know the answer to that myself, but if you find it out and let me know I’d be happy to update the guide.