FREE Tour & Personal Estate Planning Course


FREE Personal Estate Planning Course with Attorney Vivian Redsar of Manatt, Phelps & Phillips LLP

FREE Private Tour of the Galleries with Associate Head of Conservation Mark Fenn

Thursday, November 9, 2017 2-4 PM

Asian Art Museum
200 Larkin Street
San Francisco

Kindly reply by November 2 to Audrey Teuber at 415.581.3791 or ateuber@asianart.org.

Program begins promptly at 2 PM. Participants will receive complimentary estate planning materials and have an opportunity to ask presenter questions.

Space is limited.

Speaker Biographies

Attorney Vivian Redsar
Vivian Redsar advises clients in designing their legacies for families and charities with an emphasis on tax-saving techniques. She tailors estate plans for multiple generations of a high-net-worth family. She has significant experience crafting estate plans that are appropriate for each generation, transferring assets to the younger generations during life or death at a lower (or no) tax cost. Vivian also has experience with business succession planning and advice on philanthropy. Vivian utilizes a variety of trusts, entities and tax-saving techniques to develop wealth-transfer strategies that are sensitive to a family's individual needs and objectives. She also guides fiduciaries through the administration of estates and trusts, including preparing probate pleadings, appearing in probate court and assisting in the implementation of distributive plans, including asset transfers and the resolution of any claims.

Associate Head of Conservation Mark Fenn
After serving as a high school biology teacher in the Peace Corps in Ghana, West Africa, Mark Fenn earned an MS in Art Conservation at the University of Delaware. During a one year post-graduate fellowship at the Smithsonian, he conserved archaeological objects as they were excavated on digs in Syria, Pakistan and El Salvador. He then worked as the conservator at the Wyoming State Museum for four years before returning to the Bay Area to join the Conservation Department of the Asian Art Museum of San Francisco in 1998.

A charitable bequest is one or two sentences in your will or living trust that leave to the Asian Art Museum Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the Asian Art Museum Foundation, a nonprofit corporation currently located at 200 Larkin Street, San Francisco, CA 94102, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the museum or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the museum as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the museum as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the museum's partner where you agree to make a gift and our partner, in return, agrees to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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