Fox News reports about a jeopardy contestant, Cindy Stowell, who, unfortunately, died of cancer before her episodes aired. She won $80,002 so far and will compete again on the episode tonight, December 20,2016. Her winnings were kept a secret because the show hadn’t aired. Will her friends and family inherit this money? Will it go to her estate?
- Fox News reported on December 20,2016, that Stowell’s winnings were donated to a cancer charity, presumably before she passed.
- Another way she could have set up her winnings to be donated could have been with a charitable trust.
- If you are not going to give away money during your lifetime, you are probably being “sold” charitable remainder trusts.
- What is a charitable remainder trust in Florida?
- What to trust and estates attorneys need to know about charitable remainder trusts?
- Are charitable remainder trusts the way to go?
- Probate litigators in Florida know that it was probably best that she gave the charity the money before she passed away!
- If you are unlike Stowell and insist that the charity waits until your death to receive the funds, click here to read this recent article on Philanthropy and charitable gifts.
- To read the entire article regarding the jeopardy contestant click here.