Jump directly to the content

Wills, Trusts and Estates - Part 4

• Sometimes, disputes arise between churches and heirs regarding lawful ownership of estate assets. Such a dispute was resolved in a recent California appeals court decision. A decedent's will left her most valuable asset (an 18-acre tract of land) to a relative, and left any "residue" of her estate (i.e., assets remaining after the payment of specific gifts, expenses, and taxes) to a religious organization. The decedent entered into a contract to sell the 18-acre tract a few weeks before her death, but the closing did not occur until three days after her death. The religious organization claimed that since the property was not in the decedent's estate as of the date of her death, the gift of the property to the decedent's relative failed ("adeemed") and the relative had no claim to the sales proceeds. Rather, the religious organization was the rightful owner of the proceeds, since ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • May 1, 1989

Related ResourcesVisit Store

2021 Church & Clergy Tax Guide (PDF)
2021 Church & Clergy Tax Guide (PDF)
The most comprehensive and authoritative tax guide available.
Managing Church Facility Use
Managing Church Facility Use
Find insights to equip your church to host members and strangers.
Planning a Church Building Project
Planning a Church Building Project
Learn about zoning laws, property sales, church construction, financing, and more.
Avoiding Church Lawsuits
Avoiding Church Lawsuits
Create proactive procedures to avoid common reasons why churches most often go to court.