Protection in the Pocket

Tom Albus with sons

Tom Albus '90 with sons Billy (left) and Charlie.

Tom Albus '90 is like many young fathers. An Assistant U.S. Attorney, he and his wife, Alicia, spend much of their time with their four children, frequenting athletic, school and social activities. When he is able, he enjoys traveling, playing golf and going to Cardinals baseball games.

Unlike half of American adults, however, Albus has planned for his future by creating a will—something that provides peace of mind not only for himself, but also for his family.

"It is so easy to do," says Albus. "It protects our loved ones and also allows us to be mindful of things that are important."

Albus included St. Louis University High School among those "things" that are dear to him by remembering his alma mater in his estate. The school, he says, was essential in his formation as a "man for others."

During high school, Albus played football and tennis, and he was active with the yearbook, Prep News, theater and campus ministry.

"The teachers were always challenging me and setting higher expectations," he recalls. "They were excellent role models—people like Fr. Bailey, Mrs. McConaghy, Mr. Aylward and Mr. Linhares. I want Jr. Bills to have this same opportunity in the future."

According to Albus, charitable giving extends beyond doing the "right thing." "It is an act of faith formation," he says. "In giving to others, I trust that God will provide for my family and me."

After SLUH, Albus earned his undergraduate degree from Georgetown University and his law degree from the University of Missouri. He worked at Bryan Cave for a few years, and since 2002 has prosecuted cases for the U.S. Department of Justice.

"It's gratifying to resolve issues and seek justice," says Albus, whose boss is U.S. Attorney Richard Callahan '65. "Every day I strive to do what I learned at St. Louis University High by working to be part of the solution."

Today, Albus increasingly focuses his efforts on cases involving identity theft, which he refers to as the "new dope" for criminals. Fraudulent tax returns, for instance, account for billions of stolen government dollars. He and his team diligently work to thwart these criminal activities and bring them to justice.

At times, his work agenda—coupled with his busy family schedule as a husband, father, coach and mentor—seems all-consuming. Amid the stress and busy-ness of his daily life, however, he takes some solace in his and his family's future, knowing that his estate will be in the right hands at the appropriate time.

Just as Albus sought protection in the pocket as a quarterback at SLUH, he has gained protection far more measurable as an adult by creating a will—that of his future.

Learn How You Can Help
If you would like to give back to St. Louis University High School with a planned gift, contact Melissa Jones, CFRE at 314-269-2186 or mjones@sluh.org. We would be happy to help you find the gift that's right for you, at no obligation.

Click here to check out the different ways to give.

A charitable bequest is one or two sentences in your will or living trust that leave to St. Louis University High School a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

UNRESTRICTED USE AND PURPOSE
"I, [name], of [city, state, ZIP], give, devise and bequeath to St. Louis University High School [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

RESTRICTED USE AND PURPOSE
"I, [name], of [city, state, ZIP], give, devise and bequeath to St. Louis University High School [written amount or percentage of the estate or description of property] for [scholarship name or another specific purpose]."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to SLUH or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to SLUH as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to SLUH as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and SLUH where you agree to make a gift to SLUH and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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