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Pledge Agreements and Bequest Intentions

Christopher P. Woehrle discusses two recent cases that illustrate the need for carefully documented pledge agreements and bequest intentions.

Two recently decided cases illustrate the need for carefully documented pledge agreements and bequest intentions. The executors of both estates fought to deny payments to charity with mixed results. Additionally, pledge agreements executed during lifetime should address the possibility of the charity undoing a previously funded naming opportunity. Donors and their executors should be aware of the risk of oral pledges creating liability for an estate if gift intentions aren’t renounced before

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TAGS: Philanthropy
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