Nobody downloaded yet

The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts - Case Study Example

Comments (0) Cite this document
Summary
This paper focuses on the scenario of Arthur Wilson who wanted to leave some charitable gifts after being satisfied that he had provided for his family sufficiently. The paper advises Arthur’s executors as to the validity of his provisions regarding charitable gifts he had intended to leave…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.6% of users find it useful
The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts
Read TextPreview

Extract of sample "The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts"

Download file to see previous pages It should be noted that donations, under common law, acquire legal status of “charitable gifts” after they have been transferred (Volkmer, 2010, p. 39). However, under civil law, charitable gifts are already legally valid even though they may require other formalities such as the contract for charitable giving being done in writing (Domen, 2009, p. 79). Also, it is worth noting that charitable gifts are tax deductible; a situation informed by the view that they result in reducing the income tax of the state. PricewaterhouseCoopers LLP (2002, p. 21) explains that before charitable gifts are executed, the validity of the provisions for such charitable gifts should be established. Advice to the executors will be based on the English Law provisions and common law rulings that relate to charitable gifts. According to Hughes and Klein (2007, p. 14), most charitable givers usually employ the services of executors to execute their charitable cause. Executors are defined as the persons who have a fiduciary duty of property administration and should discharge the duty in accordance with the grantor’s/ testator’s wishes expressed in his or her will (Englebrecht, and Anderson, 2005, p. 1). Arthur’s executors should be in a better position, legally, to make charitable gifts. As such, it is important that they be conversant with the criterion of determining the validity of Arthur’s provisions regarding charitable gifts. Although Arthur in his will had provided the provisions for charitable gifts, the executors can determine their validity and determine whether to make some changes or execute them as provided by Arthur. Therefore, what advice is appropriate to Arthur’s executors in regard to the validity of each of the following provisions in Arthur’s will on charitable gifts? a) I give? 50,000 to promote the music of the famous composer Benjamin Britten and to fund research into what links, if any, there are between his music and the great composers of the past. The provision is valid as it falls under one of the four main divisions that charitable gifts are considered valid- education. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Charitable Gifts Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.org/law/1443344-check-assignment-criteria-section-for-the-question
(Charitable Gifts Essay Example | Topics and Well Written Essays - 1500 Words)
https://studentshare.org/law/1443344-check-assignment-criteria-section-for-the-question.
“Charitable Gifts Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/law/1443344-check-assignment-criteria-section-for-the-question.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts

Charity and charitable purposes

...concerning payment of fifteens, setting out of soldiers and other taxes”4 Understanding the Ambit of Charitable Trust A charitable trust is a trust which provides charity services to a particular section of the society, and such services should be for charitable purposes only.5 Relief from poverty: The main question that was sought to ask was how poverty could be defined, and within the definition, which kind of people needed to be brought in to given relief to. Poverty is a very relative concept and thus includes people who are not able to provide a lifestyle for themselves that include the basic necessities like shelter, food and clothing. As found in a number of...
14 Pages(3500 words)Essay

The Charismatic Gifts Debate

...and Jerry Baxter, Gifts of the Spirit (Nebraska: Kregel Publications, 2003). 6. Stanford Lee, The Pentecostal Takeover (Florida: Xulon Press, 2005), 126-132. The people who believe in the continuity of the sign gift contradict themselves. This is because they believe that people currently can prophecy yet they believe that the scriptures are absolute, and it does not require any changes or additions. If they do not want to cause contradiction, they should be ready to confirm whether the things that people prophecy are true. This is because some prophecy that people declare under the influence of the sign gifts does not come true. This...
7 Pages(1750 words)Essay

Charitable Contributions

...?Running Head: Charitable Contributions Charitable Contributions [Institute’s Charitable Contributions Charities along with being very profitable for the individuals, has some effects, which prove to be demolishing for the country. Tax incentives for charities actually reduce the amount of tax revenue for government, which, the government uses for social projects. There are some rules by IRS; one must abide by them if one wants to acquire the tax benefit of charitable donations. Some examples of people in the world who made huge charitable contributions are Steve Jobs, Bill Gates, Warren Buffett, and Oprah Winfrey. In January 2010, Bill Gates made world’s biggest donation of $10 billion to distribute vaccines in children. However... , this...
3 Pages(750 words)Essay

Paternity leave/parental leave

...generations. Moreover, paternity leave should be encouraged in cultures that have already embraced some semblance of equal roles for both genders. This is because it will have an even more positive impact on future generations where the roles of both genders are concerned (Gornick and Meyers, 2003). Even in developed nations like America, there is still a subtle inference in society that seeks to assert that child care and motherhood are mainly ‘woemn’s work’. The recognition of paternity leave as a genuine right of new fathers will encourage more businesses to become family-friendly places that create amenities that support workers who are also parents. Child care...
3 Pages(750 words)Research Paper

Charitable Organizations

...in a charitable organization. As for the disadvantages, employee retention and recruitment is a matter of concern as the salary is low and commitment needed is high. Lastly, when charities are newly established, fund raising is a major issue as people doubt their credibility. INTRODUCTION Charitable organizations are those companies who are working for the sole purpose of doing something good for the society. The organization has charity-oriented factors as its aims and objectives as opposed to a normal company, whose major aim is to maximize its profits. There can be many types of charitable organizations, namely trusts, foundations and associates which are working as...
7 Pages(1750 words)Essay

Wanted and Unwanted Products

...1. Creation of goods, products and services goes on in an exponential stride. A remains oblivious of the existence of particular goods or service as long as they are not introduced to him. Companies hype the ‘want’ of particular product in the market. Thus consumers are flooded with deluge of ‘wanted’ and ‘unwanted’ information that create good and bad want. The marketing concept states that all activities of an organization are driven by the need to satisfy a customer. The aim of marketing concept is to arrive at a fit between customer want and organizational capabilities. The fit is attained in an ideal market when supply just offsets the demand. Sales people use their social skills to discern the needs of the customer and use... the...
2 Pages(500 words)Case Study

Most Wanted Transportation Improvement

...Most Wanted Transportation Improvement Introduction The National Transportation Safety Board (NTSB) is responsible for coming up with ways of keeping our roads and our transportation system safe and efficient. A list of the most wanted transportation improvements in aviation have also been identified by the NTSB. This paper shall discuss the improvement of safety of Emergency Medical Services (EMS) flights. It shall evaluate the elements of this improvement and the steps being undertaken in order to implement these improvements. Discussion: Improve safety of Emergency Medical Services flights The NTSB Most Wanted List of Safety Needs was first seen in 1990 when the Board saw the...
6 Pages(1500 words)Essay

Leave blank

...manages, suffer psychological depression, and return home or (worst case scenario; it was known to have happened) commit suicide. On the other hand, the hometown job offers familiar faces and surroundings. The worst thing that could happen is to lose one’s job for no extenuating circumstances regarding cultural pressure or stressful surrounding, but rather his own negligence or business failure, in which case all he needs to do is apply for another job. 6. What is the role of the "veil of ignorance" in Rawls theory of distributive justice? The “veil of ignorance” refers to the informational constraints under which parties must judge a situation based on principles. That is, persons who are to make a...
3 Pages(750 words)Essay

Charitable Contributions

...PUBLIC CHARITIES Exempt organizations are those companies that do not need to pay Federal tax. (Wolfe, L., It should be d however that not all nonprofit organizations are tax-exempt. Certain criteria established under federal law, and at times even state laws, must be met by nonprofit organization to be exempted from federal and/or state tax. (Hopkins, B., 2007) Charitable institutions are one of those organizations which meet the requirements of Internal Revenue Code section 501 (c)(3) to exemption from federal tax. These groups can be further divided into either public charity or private foundation. (Life Cycle of a Public Charity/Private Foundation, n.d.) Public charities are made up of churches, hospitals and...
3 Pages(750 words)Essay

Emergency Leave

...Emergency Leave Emergency Leave Required Audience Profile Is my primary audience external or internal? The primary audience is internal. 2. What are some key demographics about my audience, such as age, gender, family situation, etc.? Jeff Clarke, the primary audience, is an assistant manager in a large metropolitan hotel. He is often absent because he has to take care of his grandmother who is coping with a debilitating illness. The secondary audience is the Human Resources Department (HRD). This Department requires the submission of written documentation of all employees’ requests for leaves, as well as the immediate supervisors reply to such a...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic The Scenario of Arthur Wilson Who Wanted to Leave Some Charitable Gifts for FREE!

Contact Us