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iQuestions Faculty, Ron Blue 
 
 
Question: 
 
What are the only three places where I can leave my “stuff?” 
 
Answer: 
 
You know, if you can simplify your thinking, you can simplify your life, 
and you can simplify your decision-making.  
 
One of the things that I’ve found is that most people are really a bit 
confused when it comes to their wealth transfer or state planning 
decisions. But the bottom line, the reality is that there are only three 
places that my estate can end up.  
 
If I choose to give all of my estate to charity, to a charitable 
organization, then there are no taxes, and of course my heirs don’t get 
anything, either. Some people do that. 
 
The second place that I can choose to give is to my heirs. And so, if I 
leave part of my assets, part of my estate, whatever it may be, to my 
heirs, typically there is going to be a tax-consequence or a legal 
expense associated with that, so they may not get dollar-for-dollar, 
but that’s the second choice.  
 
The third choice is the legal expenses and the tax expenses that are 
associated with the wealth transfer.  
 
So, bottom line, I can do it three ways. I can leave it to my heirs, I 
can leave it to charity, or I can leave it to the attorneys and to the 
government, and I can make some division among all three of those.  
 
 
Better to decide that now, as opposed to not plan on it, and not decide 
on it, and let the attorneys and let the legal system decide it for you.  
Blue -2- 
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