Because of the estate tax deduction, a bequest to charity at death is preferable to a lifetime transfer.

Question

Quizplus · Accepted Answer

A bequest to charity at death and a lifetime transfer to charity both offer tax benefits, but one is not inherently preferable over the other in terms of estate tax deduction. The preference depends on the individual's financial situation, tax planning goals, and the timing of the charitable contribution's impact.

Because of the Estate Tax Deduction, a Bequest to Charity