1. Scott is 92 years old and has terminal cancer. His estate plan leaves $5 million to Siteman Cancer Center at his death via his last will and testament. You are his financial advisor. What do you recommend with respect to this gift? Should he instead make the $5 million gift during his life? Please explain the reasoning for your recommendation.

Answer rating: 100% (QA)

Given Scotts circumstances there are several considerations to weigh regarding his charitable gift to the Siteman Cancer Center 1 Tax Implications If Scott makes the 5 million gift during his life he ... View the full answer