Testamentary Life-Income Gifts
How it works
You write a will or revocable trust directing a bequest to the University of Pittsburgh.
You provide that the bequest first create a life-income gift benefiting your heirs.
After their income interest terminates, the remaining balance in the gift passes to the University of Pittsburgh.
- One estate asset can benefit both the University of Pittsburgh and your heirs.
- Resulting charitable estate-tax deduction will lower the cost of providing for children and family.
- Provisions are revocable during your lifetime, increasing your planning flexibility.
For more information