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A Legacy Donor Just Died – Now What?!
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$40 for CPGR Members $65 for non members & guests. Webinar is available for attendees outside the Denver Metro Area Only.

 Export to Your Calendar 3/5/2020
When: March 5, 2020
11:15 a.m. to 1:15 p.m.
Where: Denver Country Club
1700 E 1st Ave
Denver, Colorado  80250
United States
Presenter: Fredrick B. Weber, Sr. Vice President | Estate Settlement Services Practice Leader at Northern Trust
Contact: Tina Drum
3039322764


Online registration is available until: 3/4/2020
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A Legacy Donor Just Died – Now What?!

When a donor’s death results in a bequest to charity, the charity may be unaware of the steps involved in the delivery of that bequest. Charities often do not know their rights with respect to information about the estate or trust. They may not know exactly who is responsible for delivering the information, when the information must be delivered or how it is to be delivered. Terms like "notice," "accounting," "heir," "legatee," "beneficiary," "creditor" and "interested party" are routinely thrown around by fiduciaries with little or no explanation as to what they mean to a charitable beneficiary. In some cases, charitable beneficiaries are also kept in the dark about when they can expect to receive the distribution to which they are entitled. At the same time, charities may be reluctant to request information to which they are entitled for fear of upsetting the donor’s family or otherwise “rocking the boat.”

 

The Uniform Probate and Trust Codes contain dozens of provisions that require fiduciaries to provide notice of some sort to just about anyone with a financial interest in an estate or trust, including charitable beneficiaries. This means that when a party acts as a fiduciary, that person (or entity) owes a variety of information to any number of individuals and institutions with financial interests to protect. This presentation will help planned giving professionals better understand the information to which they are entitled during the period of death-related administration and manage their expectations as to the timing of distributions following a death. It is also designed to empower charitable beneficiaries to question or challenge the actions (or inactions) of an executor or trustee if the charitable beneficiary has reason to believe that the executor or trustee in not effectively carrying out their fiduciary duties. 

 

Fredrick B. Weber
Sr. Wealth Advisor
Nat’l Estate Settlement Services Practice
Northern Trust
312.444.4702
fw14@ntrs.com

Read more about Fred

 


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