Tuesday, May 14, 2019

The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Case Study

The Scenario of Arthur Wilson Who Wanted to Leave round Charitable Gifts - Case Study ExampleIt should be noted that donations, under common law, acquire well-grounded status of charitable gifts after they have been transferred (Volkmer, 2010, p. 39). However, under civil law, charitable gifts are already licitly valid even though they may require other formalities such as the use up for charitable giving being d ane in writing (Domen, 2009, p. 79). Also, it is worth noting that charitable gifts are levy deductible a situation informed by the view that they result in reducing the income tax income of the state. PricewaterhouseCoopers LLP (2002, p. 21) explains that before charitable gifts are executed, the validity of the provisions for such charitable gifts should be established. Advice to the executors will be based on the English Law provisions and common law rulings that relate to charitable gifts. agree to Hughes and Klein (2007, p. 14), most charitable givers usually emplo y the services of executors to execute their charitable cause. Executors are defined as the persons who have a fiduciary duty of property administration and should discharge the duty in concurrence with the grantors/ testators wishes expressed in his or her will (Englebrecht, and Anderson, 2005, p. 1). Arthurs executors should be in a better position, legally, to make charitable gifts. As such, it is important that they be conversant with the criterion of consider the validity of Arthurs provisions regarding charitable gifts. Although Arthur in his will had provided the provisions for charitable gifts, the executors can determine their validity and determine whether to make some changes or execute them as provided by Arthur. Therefore, what advice is appropriate to Arthurs executors in regard to the validity of each of the following provisions in Arthurs will on charitable gifts? a) I give? 50,000 to promote the music of the famous composer Benjamin Britten and to fund research in to what links, if any, in that location are between his music and the great composers of the past. The provision is valid as it falls under one of the four main divisions that charitable gifts are considered valid- education.

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