Florida couple creates trust to pay it forward

| Mar 13, 2018 | Wills & Trusts

If you drive north along the coast of Florida from Brevard County, you will arrive in Jacksonville in about three hours. Our state’s most populous city is the home of a generous couple who decided to pay it forward.

Though the couple has no children, they have established a $3.5 million endowment at the Jewish Community Alliance that will provide programs in physical fitness, recreation, education, as well as social and cultural programs for thousands of kids.

The couple created the Sol and Hilda Goldman Memorial Endowment, which will turn over its earnings to a trust that will provide scholarships to children of all faiths in the center’s preschool and camp programs.

The center is, of course, grateful for the generosity. The alliance’s executive director said Mr. Goldman saw the organization’s work with kids and families, and though he didn’t talk about it much, “it touched him deeply.”

The director said, “There is no better validation of an organization’s work than to have a donor leave money after his death without fanfare or recognition.”

Mr. Goldman died in 2016 at age 96. His widow, Hilda Goldman, is 87.

Mr. Goldman was a Jacksonville nation who grew up poor. The World War II veteran worked and saved to establish his successful meat packing business.

Not everyone has the means with which to be as generous as the Goldmans, but like them, people want their assets passed on to loved ones or good causes (or both).

You can schedule a free consultation about trust creation or other aspects of asset protection and distribution with an attorney experienced in estate planning.