Does property placed in a living trust avoid probate, and is it removed from my taxable estate?
-- E. S. North Carolina
Property placed in a living trust does avoid probate, but is not removed from your taxable estate.
I would like to make a gift of stock to the Center. Can my broker transfer the stock electronically?
-- N. K. Georgia
Yes, your broker can transfer your gift of stock directly to the Center's brokerage account with Smith Barney. The Center's account number is
445-11583-1-7. The DTC (direct deposit number) is 0418. Please notify the Center's Planned Giving Department when you transfer stock to ensure that your gift is properly credited and acknowledged. You may call toll-free
1-888-414-7752 or send an e-mail to
plannedgiving@splcenter.org.
If I fund a charitable gift annuity with the Center using appreciated securities, am I entitled to a charitable deduction for the full fair market value of the securities?
-- S. L. Florida
No. When you establish a charitable gift annuity using appreciated stock, the stock is valued at market value, but your charitable deduction is only for the gift portion. Your friends in the Center’s Planned Giving Department can provide more information.
How do I determine my federal income tax charitable deduction for a gift of stock?
-- P. R. Massachusetts
Generally, the average of the stock's high and low trading prices on the date of the gift determines the value of the gift. If your broker transfers your stock directly to the Center, the date of the gift is the date the stock is received in the Center's brokerage account.
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