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  • 1.  Estate Gifts

    Posted 05-07-2025 12:18 PM

    We recently received an estate gift.

    What is the best practice to enter these gifts?

    As the constituent (say XXX) was marked deceased, should a new record be created saying "Estate of XXX" and gift entered under this new record?

    Or should it be entered in the deceased's record?

    Thanks



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    Tripti Singh
    Montclair Kimberley Academy
    tsingh@mka.org
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  • 2.  RE: Estate Gifts

    Posted 05-07-2025 12:24 PM
    As the individual established the bequest while they were alive - and often there's a bequest expectancy on their record - my practice is to create an "alias" name on that record for "Estate of..." and enter the gift (often like a pledge payment) there. The receipt will then reflect "Estate of..." but the gift will appear on the same record as all other gifts made by that individual.

    However, if the death establishes a completely independent trust (aka Testamentary Trust) with trustees determining where gifts should go, that does require a new record.

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


  • 3.  RE: Estate Gifts

    Posted 05-07-2025 12:27 PM
    Thanks so much John




    Original Message


  • 4.  RE: Estate Gifts

    Posted 05-07-2025 01:56 PM

    Cool.

    And what record type would you use for that new record?



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    Alan S. Hejnal (he/him)
    Smithsonian Institution
    Washington DC
    hejnala@si.edu
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    Original Message


  • 5.  RE: Estate Gifts

    Posted 05-07-2025 01:59 PM
    We used a TT for Testamentary Trust.

    John Taylor Principal, John H. Taylor Consulting, LLC 919.816.5903 Big ideas; small keyboard





    Original Message


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