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The answer, alas, is no. The estate will be deemed the beneficiary, and no matter how quickly distribution is made, not all beneficiaries will be considered individuals.
While this doesn’t harm the charitable organization’s interest, it can affect the son’s interest. Prospective donors may appreciate a heads up on this important point.
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Kathleen Stephenson
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Lisa B. Petkun
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Lisa B. Petkun is a partner in the tax department at Pepper Hamilton LLP.
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