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Student Sees Value in Early Planning

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Chris Conner's financial decisions today are motivated by a desire to help future generations.

The Electric Daisy Carnival, a 3-day, 3-night music festival that drew more than 100,000 people to Las Vegas Speedway last summer, could be viewed as a Woodstock for millennials: a massive gathering of teens and 20-somethings, live bands, psychedelic imagery. Chris Conner takes a more thoughtful, scholarly view. The 32-year-old graduate student in sociology is exploring the Electric Daisy Carnival and similar events to find out how the electronic dance music movement (EDM) is evolving from a small pop subculture into a major corporate enterprise.

"My research highlights the importance of the EDM movement to the economy," Chris explains. "According to a New Yorker article, dance clubs are quickly replacing gaming as a primary source of casino revenue."

Music and his Ph.D. aren't the only things Chris thinks about. Unlike most people his age, he also is making estate plans. Prompted by the death of his mother when he was 24 and his father's passing just three years ago, he found himself dealing with all of the complex legal and emotional issues involved with wills, inheritance—and values.

"Many people helped me through difficult times," he says. "I want whatever assets I might accumulate to help the next generation." The way he is making this happen is through an estate plan that includes gifts to Indiana University-Purdue, where he earned his bachelor's degree, and to University of Las Vegas, Nevada.

"These gifts not only make me feel good," Chris says, "but they also motivate me to save more so that I can increase my estate gifts so that they really make a difference."

For information about making a gift through your estate plan, contact Bud Beekman at 702-895-2841 or bud.beekman@unlv.edu.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to the UNLV 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 UNLV Foundation, a nonprofit corporation currently located at 4505 S. Maryland Parkway/Box 451006, Las Vegas, NV 89154-1006 , 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 UNLV 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 UNLV as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 UNLV 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 UNLV where you agree to make a gift to UNLV and we, in return, agree 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

Please provide the following information to view the materials for planning your estate.