Informative Masterclass
How to Protect your Family’s Assets and Leave a Lasting Legacy
Save Your Spot Now!

White Plains & New City, New York Estate Planning & Elder Law Firm

Old Sturbridge Village Museum Receives Millions from Will of California Woman

April 1, 2021
David Parker, Esq.
Eddie Van Halen left money to a foundation
David Parker, White Plains and New City NY Estate Planning Attorney
David Parker, Esq.
David Parker is an attorney who specializes in Estate Planning and Elder Law and has been practicing law for 30 years. Be it Wills, Trusts, Powers of Attorney, Health Care Proxies, or Medicaid Planning, David provides comprehensive and caring counsel for seniors and their families. A large portion of David’s practice is asset protection strategies so that families do not lose their hard earned savings to nursing home care costs. He also handles probate administration for the settlement of estates.
Old Sturbridge Village has received a $5 million gift from a former trustee and longtime supporter of the Massachusetts-based living history museum.

The gift from the estate of Helen A. Titus, known to her friends as “Susie,” is the biggest one-time bequest in the history of the Old Sturbridge Village Museum in Sturbridge, Massachusetts that dates to 1946.

Titus passed away in 2020 at age 81.

NBC 10 Boston’s recent article entitled “Old Sturbridge Village Gets $5M Gift From Estate of Trustee” reports that the native Californian fell in love with the architecture, the people and the history, both at the village and in New England after her visit.

"Susie was incredibly supportive of the museum over the past 20 years, and we are grateful that she made such a generous provision for the Village in her estate planning,'' President Jim Donahue told The Telegram & Gazette. "Susie's legacy and impact will live on for generations to come.''

Officials say that Susie’s gift is unrestricted. That means the Old Sturbridge Village Museum can use it as it sees fit.

The village will soon launch a campaign to raise money to help rebuild roads, HVAC systems and roofs. Donahue said he thinks that Susie’s gift will play a part in that campaign.

The 200-acre Old Sturbridge Village Museum depicts life in a rural New England town of the 1830s.

If you are considering a charitable donation in your last will or trust, speak with an experienced estate planning attorney. You can learn that there are several ways to incorporate charitable giving into your estate plan.

You can donate appreciated stock shares, your RMDs from your retirement accounts, or create a charitable remainder trust. These are only a few of the options you may not know about, that can help charities. Some will even benefit your heirs at the same time.

It is important to understand that all of the options have different tax implications. Your attorney will help you consider the tax impact of your charitable giving.

Playing it smart can result in ultimately increasing the amount that goes to the charity, as well as your family after you pass away.

Reference: NBC 10 Boston (March 7, 2021) “Old Sturbridge Village Gets $5M Gift From Estate of Trustee”

 

Share This Post
Stay Informed
Subscribe To Our FREE Estate Planning, Probate and Elder Law Newsletter

Book Your Free Initial Consultation With Parker Law Firm Today
Get Started Now

The 15 minute initial phone call is designed as a simple way for you to get to know us, and for our team to learn more about your unique estate planning needs.

Book an Initial Call
Book A Call With Parker Law Firm
Parker Law Firm
White Plains Location

222 Bloomingdale Rd #301,
White Plains, NY 10605

New City Location

120 North Main Street, Suite 203,
New City, NY 10956

IMS - Estate Planning and Elder Law Practice Growth Advisors
Powered by
crosscross-circle