[Tavern-Talk] Bequests to Avatar Meher Baba Trust

[Tavern-Talk]

To all U.S. Baba followers:
 
The Trust has important information to give you if you wish to make a 
bequest to the Trust:

The Trust has been advised that bequests to the Trust receive the same 
federal tax benefits as bequests to U.S. charities. They are fully 
deductible for federal estate tax purposes and no federal income tax is 
withheld when the Trust is the beneficiary of an income tax-deferred 
investment, such as an IRA, 401(k) or other retirement account or 
annuity.  Local tax deductions and exemptions will vary by state.  You 
should consult your attorney for all legal and tax advice, and let your 
attorney know that the Trust's Affidavit of Equivalency to a U.S. Public 
Charity and its U.S. Counsel's Withholding Tax Exemption Opinion are 
available from the Trust upon request.

Please, if you wish to make a bequest to the Trust, ask your attorney to 
consider using the following language in your Will or trust or in the 
beneficiary designation forms for your retirement accounts, annuities 
and life insurance policies (please do not omit the word "Corpus" which 
has significance under Indian law):
 
"To the then Trustees of the Avatar Meher Baba Perpetual Public 
Charitable Trust, a public charitable trust under the Bombay Public 
Trusts Act (1950), located in Ahmednagar, Maharashtra State, India, to 
be added to Corpus and used exclusively for its public charitable uses 
and purposes described in section 2055(a)(3) of the Internal Revenue 
Code of 1986, as amended."  

 
If you wish to send a copy of your Will or your Beneficiary Designation 
for your retirement account or insurance policy to the Trust, we are 
happy to receive a copy.  Of course, the original Will should be kept in 
a safe place where your family or advisors will be able to locate it, 
and the original Beneficiary Designations should be filed with the 
custodian of your retirement account or the insurance company (for 
insurance policies).  Copies may be sent to: The Chairman, Avatar Meher 
Baba PPC Trust,  P.O. Bag No. 31, King's Road, Ahmednagar, MS, 414001 
India.  
 
For gifts you make to the Trust during your lifetime, you can help the 
Trust by indicating on your check or wire transfer instructions, or in 
your cover letter or e-mail regarding your gift, that your gift is "For 
Corpus."      

In His Service,
V.S.Kalchuri
Chairman
Avatar Meher Baba PPC Trust
12/12/2007