spacer spacer
  •  
    Joshua and Laura Meier Newport Beach Trust and Estate Planning Attorneys Focused on Helping Families with Young Kids
    Joshua and Laura Meier
     

    Social Networking

    Facebook Facebook Google Plus LinkedIn LinkedIn Twitter


  • Archives






  • Categories




  • spacer

    Category Archives: Charitable Trust

    UCP-OC- A Local Charity Helping Children with Disabilities Worthy of Your Time, Talents, and Financial Gifts.

    With so many great causes in our
    community, it can be difficult for families and donors to choose which charity
    they should support with their time, talents, or financial gifts.  As an attorney who advises many high-net
    worth individuals and donors, and also as a member of local organizations
    dedicated to philanthropic causes, I’ve found that charities worthy of support
    offer more than a great cause, but also the leadership, vision, and internal
    framework necessary to truly make a difference in people’s lives. This is why I
    believe that United Cerebral Palsy Center of Orange County deserves your
    support.

    UCP-OC serves children with all
    types of developmental disabilities and provides vital support to families.
    Each year, they provide direct services to nearly 4,000 families, 86% of
    whom have a primary disability other than cerebral palsy. Their goal is to help
    children with disabilities live “Life Without Limits”.

    I first learned of UCP-OC when
    one of my young children experienced speech delay.  And while it is a minor challenge compared to
    what many children at UCP-OC are facing, my husband and I still experienced the
    fear, frustration, and helplessness that many parents do when you want to help
    your child and don’t know where to turn. I recall sitting in a UCP-OC play room
    after our child’s initial evaluation and hearing the speech therapist tell us
    “he has some work to do, but don’t worry, we can fix this. We can and will help
    him.” From that point on, we knew we were in the right hands. 

    We’re grateful to UCP-OC for
    helping our son overcome his challenge, and even more grateful for the way they did it. From the friendly face
    at the reception desk each visit, to the special waiting area with toys and
    coffee welcoming the whole family, to the speech therapists personally
    committed to making our child feel important and each session count, to the
    proven leadership under Cathleen Collins that ensures families will get the
    education, resources, and support necessary to help the little ones under their
    care thrive—UCP-OC is more than just a great cause—it is a special charity that
    truly makes a difference in the lives of children with disabilities and their
    families.

    I hope that as you consider which
    charities are worthy of your support, that you reach out to UCP-OC and learn
    how you can be part of the special difference they are making in children’s
    lives. For more information on UCP-OC, visit www.ucp-oc.org.

    Laura K. Meier, Esq.

    Charitable Giving Delayed… Is Not Charitable Giving Denied

    It’s pretty impressive to top the Chronicle of Philanthropy’s list of America’s 50 most generous donors, but it just defies the imagination to make the list 5 years after passing away. Still, that’s the story of 2011 and the late Ms. Margaret Cargill.

    This fact was swiftly picked up here, in a recent Forbes article, and as it turns out the reason for such successful giving can be traced back to some complicated estate planning and finance work.

    Cargill is a name that, depending upon your exposure to agribusiness, is either an utter unknown in the discussion of wealth (the media is infatuated with Mark Zuckerberg these days) or an utter no-brainer. And Cargill is synonymous with massive agribusiness, having topped the list of America’s Largest Private Companies for all but two of the last 24 years. The late Margaret Cargill was heir to the fortune.

    At her death, Ms. Cargill left all of her shares of Cargill stock to be split between two charity foundations, the Anne Ray Charitable Trust and her own Margaret A. Cargill Foundation. But don’t forget, Cargill is a private company, albeit a large one, and that makes the stock rather difficult to value and liquidate.

    The trust and the foundation sat idly by until a fortuitous moment when Cargill sold its shares in another company, a public company called the Mosaic Company, which gave them the opportunity to exchange private Cargill stock for public stock that could be liquidated to the tidy sum of $6 billion (that process hasn’t quite finished up, but they’re counting it for 2011 anyhow).

    It’s important to remember these kinds of limitations when it comes to assets in either estate planning or charitable giving. Ms. Cargill’s wealth was essentially locked up in private stock and so, despite the inefficiencies of doing so, that is what she gave when it came time to bequeath and give that wealth away to charity.

    Luckily, however, Ms. Cargill did her charity work through the powerful intermediaries of charitable trusts and foundations, which were in a position to make such gifts work.

    At least there’s next year for Paul Allen, George Soros, and Michael Bloomberg, the next three (living) names on the list of millionaire donors, but 2011 belongs to Ms. Cargill.

    Learn more about charitable giving by visiting Meier Law Firm today.

    Laura K. Meier, Esq.

     Reference: Forbes (February 6, 2012) “This Year's Most Generous Billionaire Philanthropist Has Been Dead Since 2006




  • Frequently Asked Questions

    Click Here To Call Our Office

    Click here to Read Our Blog
     
    Wealth Counsel Member

    Orange County Young Executives  
  • spacer
    Welcome | Practice Areas | About Us | FAQs | Becoming a Client | Events | Advisors Forum | Newsletters | Contact Us | Blog | Disclaimer
     
    Meier Law Firm | 2103 Vista Entrada, Newport Beach, CA 92660
    phone: 949.718.0420 e-mail: office@meierfirm.com