JohnDB
Regular Member
Well since you want to know what I would do...
I would start a 501.C.3 charity to disburse the funds and assets.
I would seek out friends I trusted to help by being on the board of directors.
The whole thing can be set up for under $500 including legal fees and licensing.
The way the funds are to be disbursed would be carefully crafted into the charter documents and several successors to replace me as chairman (out of the board) would be named sequentially and how new board members can be recruited to sit on the board (as well as qualifying characteristics)
Then it's a self perpetuating charity. I'm not necessary. Others might want to join you in your altruistic endeavors... you wouldn't have a problem with that would you?
I would start a 501.C.3 charity to disburse the funds and assets.
I would seek out friends I trusted to help by being on the board of directors.
The whole thing can be set up for under $500 including legal fees and licensing.
The way the funds are to be disbursed would be carefully crafted into the charter documents and several successors to replace me as chairman (out of the board) would be named sequentially and how new board members can be recruited to sit on the board (as well as qualifying characteristics)
Then it's a self perpetuating charity. I'm not necessary. Others might want to join you in your altruistic endeavors... you wouldn't have a problem with that would you?
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