Lawyers on Call: Charitable giving with beneficiary designations

Published: Dec. 16, 2021 at 1:02 PM EST
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BINGHAMTON (WBNG) -- In today’s Lawyers on Call, Partner at Coughlin & Gerhart Kristen Luce explains charitable giving with beneficiary designations.

“Some assets will allow a person to designate who would recieve the asset upon the owner’s passing,” Luce said. “Very basically, it is a contract with the company that upon the owner’s death to pay certain people.”

To get in contact with Coughlin & Gerhart, visit the Coughlin & Gerhart LLP website.