Liz Story Trust for Lifetime Care
We are pleased to announce that we have formed the Liz Story Trust. This irrevocable Trust will be used to supplement Liz's modest monthly social security check with a modest stipend to provide her with greater peace of mind through increased financial stability. It will also be used to pay for one-time expenses including medical expenses and any care she needs as she enters the fourth quarter century of her life. The law firm of Boyle, Pecharich, Cline, Whittington & Stallings in Liz's home town of Prescott, AZ serves as the Trust Protector.
Liz has faced a lot of adversity in the past two decades — caring for her husband after a devastating car accident, and six years as the sole caregiver for her parents. She survived a near-lethal abdominal injury in 2012, and a brain hemorrhage in 2019. All resulted in a devastating impact on Liz's financial stability. Until recently, she had no health insurance, and was unable to afford dental care.
Liz has made a remarkable recovery since her 2019 brain hemorrhage, and thanks to the generosity of her fans is undergoing comprehensive oral reconstruction. But she needs our help as she enters the next phase of her life. If you have ever wanted to find a way to thank her for more than 40 years of music and the impact it has had on your life, this is your opportunity. You can donate via credit card using the form below, or Contact Us to see how to set up a major annual gift for Liz's lifetime care.
Additional FAQs about the trust can be found here.
FAQs:
Is Liz the sole beneficiary of the Trust? The sole beneficiary of the Trust is Liz Story. Funds from the Trust can only be used to benefit Liz.
Who oversees the Trust? The trust is overseen by a private fiduciary and by the law firm of Boyle, Pecharich, Cline, Whittington & Stallings in Liz's home town of Prescott, AZ, which serves as the Trust Protector.
Who created the Trust? The Trust was created by the law firm of Boyle, Pecharich, Cline, Whittington & Stallings at the request of The Omomuki Foundation, a 501(c)(3) non-profit that has been archiving Liz's work since 2019 and making it accessible to the public, while bringing Liz an enhanced quality of life and improved financial stability.
Are gifts to the Trust tax deductible? Gift to the Trust are not tax-deductible.
How much can I donate the the Trust per year? While there is no limit on how much you can donate, you may want to consult with a tax professional on larger gifts to take into consideration the annual gift tax exclusion and the lifetime gift and estate tax exemption.
If there are funds still in the Trust when Liz passes away, where will they go? All funds remaining in the Trust after Liz's passing will be donated to MusiCares, a 501(c)(3) charity founded by the Recording Academy in 1989 to safeguard the well-being of musicians through direct financial grant programs, networks of support resources, and tailored crisis relief efforts. MusiCares has the highest rating with Charity Navigator. For more information please visit: www.musicares.org