Can I name a charity as a beneficiary? – W. B. Moore Law LLC

This transcription was AI generated

Transcription:

00:00:03 You can name a charity as a beneficiary to the exclusion of everyone but your spouse. The spouse has what’s called a spousal election. But you can name a charity and exclude your children. You can or commonly see is everything goes to my spouse. If my spouse has already passed, then it goes to my children. If my children have passed and they haven’t left grandchildren, I have no descendants and there’s no one else I want to give it to. Well, then give it to the charity. So that tends to be the ultimate default mechanism in a will.

00:00:33 There are other ways to benefit charities. A couple different kinds of trust you can do if that’s your prime interest, but that’s something needs to be discussed in person.