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Charities Wrestle With Tax Uncertainty.

Authors :
JOHNSTON, DAVID CAY
Source :
New York Times. 11/11/2010, Vol. 160 Issue 55221, p2. 0p.
Publication Year :
2010

Abstract

A GROWING number of charities are persuading donors to create a little-known kind of endowment as the troubled economy and this year's hiatus from the estate tax create problems for charities that depend on major lifetime gifts and on bequests. Charities report that executors of some estates are showing reluctance to hand over bequests until next year, while others say they are in negotiations or even litigation over planned gifts from people who died this year without adjusting their wills to take into account the one-year suspension of the estate tax. [ABSTRACT FROM PUBLISHER]

Details

Language :
English
ISSN :
03624331
Volume :
160
Issue :
55221
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
55099522