Circumstances often dictate the best course of action when estate planning, says Bill Lemann of Fullerton, Lemann, Schaefer & Dominick, LLP, an Inland Empire law firm.
When advising client Rohn Rookstool, Lemann recommended setting up a testamentary trust that provides for the distribution of all or part of an estate. Rookstool had no descendants, but he did have a strong desire to help veterans. Lemann helped him establish the Rohn Rookstool Estate Fund. Managed by IECF, the fund has already committed $70,000 to the FRieNDS of VETERANS Fund, which created a powerful report to help align resources for veterans and seeks public dollars to expand efforts underway in the region.
“Rohn was all in favor,” says Lemann, an IECF Professional Advisors Champion who has long supported the Foundation’s mission. “It made him smile, and it made me smile as we were writing it. He was very confident that IECF was producing solid results for donors and their beneficiaries and that it would be a good place for his estate to land.”
Learn how you can become a Professional Advisor Champion by visiting www.iegives.org/advisors
This story originally appeared in our 2023/2024 Annual Report.
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