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McCurrie McCurrie
& McCurrie, L.L.C.

680 Kearny Avenue
Kearny, NJ 07032-3010
Phone: (201) 467-4180
Fax: (201) 997-9567
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Managing assets through proper trusts can help increase their value

Many people leave their assets to other people or organizations after they pass away. Through proper estate planning, people can increase the value of their assets even after they die. This can sometimes be accomplished by establishing a trust with money or assets that are managed by a person or company. This could help the gift you decide to leave go much further than originally thought.

While not everyone has millions of dollars to leave to beneficiaries, one man in another state was able to leave $150 million to a foundation in the town where he grew up, which was more than the $125 million the foundation expected they would receive after finding out it was a beneficiary.

Many people can leave gifts through trusts to organizations that they think deserve to have a donation. This can be done in a way that the organization is limited in the use of the assets left to them, or it can be set up to have the money managed professionally. Trusts can help a person carry on their legacy and help an organization with similar values develop their work. These types of donations can greatly help foundations. In this case, the foundations charitable holdings tripled because of the bequest.

It is important to note that when a person is setting up a trust they don't have to leave all of their assets to a single person or organization. Working with an experienced estate planning attorney can help a person make sure their money and assets go to the people and organizations that they wish after they pass away.

Source: Associated Press, "Businessman's gift to Indiana hometown grows to $150M," Oct. 10, 2012

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