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Gifting Strategies and Probate Estates

Gifting Strategies

As part of your legacy vision, gifts to charity may be made during your lifetime or after your death. You may give nearly any type of asset to charitable groups, with the most common gifts being property, cash, stocks and bonds. UMB has a team of financial professionals who can help you create and implement whatever gifting strategy you desire. When approached properly, gifting can be a great tax savings* strategy since charitable gifts are not subject to either estate or gift tax.

Probate Estates

The probate process can be intimidating, especially when you and your family are dealing with the death of a loved one. You can approach the process with confidence knowing your heirs will have the best care possible with UMB named executor or personal representative of your estate. Our team of professionals will prepare an inventory of assets, pay your final bills, and safeguard and invest assets in accordance with the terms of your will. As executor or personal representative, we also file appropriate tax returns, pay final taxes due from the estate and distribute assets as instructed in your will.

Probate estates allow you to:

  • Have your final affairs handled by a professional, neutral party
  • Access professionals in real estate, probate processes, estate taxes and investments

For more information about gifting strategies or probate estate management please contact us at 800.545.6101.

 

*We are unable to provide tax advice. Please consult your tax advisor to discuss the tax ramifications of your gifting strategy.