Are Charities Second-Class Beneficiaries?
Malcolm Burrows Malcolm Burrows

Are Charities Second-Class Beneficiaries?

Charities face a bizarre challenge when administering gifts by will. It should be simple. After the donor’s death, a charity named as a recipient of an estate donation becomes the beneficiary of a trust. The money is owed to the charity and the interest in the trust is legally enforceable. Charities, however, are often considered to be second-class beneficiaries.

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