Private foundations typically carry out their philanthropy by making grants to recognized public charities. This includes churches and synagogues, educational, scientific and cultural institutions, poverty relief agencies or any... Continue Reading
In Giteison v. Quinn, 987 N.Y.S.2d 329 (App. Div. 2014), the decedent, Dinko, had nine siblings; he died leaving no widow or children of his own. He executed a will in 1990 that left certain real property to two of his sisters... Continue Reading
The Pennsylvania Superior Court has clearly ruled that if a parent has sufficient funds to meet his/her child’s needs he cannot use custodial property as a substitution for his parental support obligation. Read... Continue Reading
“Her will said ‘If I’m gone, everything goes to my son.’ Not in trust, not with somebody protecting him from the assets until he was in his late 20s or so, but it all went directly to him. The problem was, she had over a... Continue Reading
Technically, it is a not-for-profit entity that can be controlled by a person, family or business. Sometimes private foundations are referred to as ‘family foundation’. They are organized exclusively for charitable,... Continue Reading