First Unitarian Church of Providence
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trust

Amending one’s trust, or creating a trust, is in certain ways similar to preparing a Last Will and Testament. However, trusts generally avoid probate. Therefore, when the use of more traditional probate avoidance techniques, such as joint ownership or designated beneficiary assets, are insufficient, estate planners frequently use a trust. The workings of a trust strike clients as similar to the workings of a Last Will and Testament. The similarities are in fact quite strong, but given the advantages of probate avoidance generally available through the use of a trust, it is easy to see why many advisors recommend the use of a trust, if the other probate avoidance techniques are insufficient. As with the above, probate avoidance and tax savings are possible with the use of trusts for charitable giving.

Get started: Because of the legal complexities, review this type of gift with your attorney. They will want to know what dollar amount or percentage of your estate you are looking to leave to the church. They may also ask if your intent is to leave such amounts to the church for its general purposes, or if you have any specific purpose or fund in mind. Finally, the attorney will need to know the legal name of the church, which is: "First Unitarian Church of Providence, Rhode Island."

Disclaimer: The information provided here is intended to help you think about and evaluate your estate planning options when it comes to charitable giving. You should seek professional advice from an attorney or estate planner of your own choosing in preparing your actual estate plan. Material provided by Paul Brule, Esq. Walsh, Brule & Nault

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