October 3, 2011
Many people want to use part of their estate to help charities they believe in—leaving a legacy of helping out the less fortunate, nurturing the arts or supporting other important causes.
One study analyzed 20,000 Americans over the age of 50 from 1995 to 2006, and
found that fewer than 9.5% of those who donated more than $500 a year planned to
make a bequest, according to Russell N. James III, an associate professor in the
division of personal financial planning at Texas Tech University, who conducted