Truly sustainable philanthropy requires more than regular tax-deductible donations, especially if the assets aren’t 100% locked in to begin with.
Sometimes the principal is the factor that holds the wealth creation process back. Burt's gone now, but the legacy is going to be a work in progress.
The vast majority of folks are no longer exposed to the federal estate tax, thanks to today’s ultra-generous $11.18 million exemption for singles..
Live lavishly, go out extravagantly.