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As alumni of Westminster College, you are deeply aware of the pivotal role education plays in shaping lives. Beyond our personal journeys, many of us seek to leave a lasting legacy supporting the institutions that have shaped us. Estate planning offers a powerful avenue to achieve this goal, and one strategy that stands out for its dual benefits is establishing a charitable trust.
Mechanics of a Charitable Trust:
A charitable trust typically involves the transfer of assets, such as cash, securities, or real estate, to a trustee who manages these assets on behalf of the designated charitable beneficiaries, including Westminster College. There are various types of charitable trusts, including charitable remainder trusts and charitable lead trusts, each offering distinct benefits and mechanisms for distributing income and assets.
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