Trusts Established to Benefit Pete Sauer's Daughters

Here is a letter from Mary Rogers Brennan, concerning Pete Sauer who recently passed away at the age of 35. As many of our readers have asked what they can do to help Sauer’s family, here are instructions on how to contribute to trusts that have been established to help his three young daughters. Dear Friends: As many of you know the Greenacres community lost a most beloved husband and father, Peter Sauer, 35, last Sunday due to heart complications while playing in a recreational basketball game in White Plains. Peter was a devoted father who dedicated every free opportunity to spending time with his and wife Amanda's remarkable daughters; Cate, (7), Charlotte, (6) and Cassandra, (4). Peter has passed along his magnetic spirit to these three young girls.

Nothing would make Peter more proud than to know that his friends in the community were to respond to such a tragedy by ensuring that his children are educated and well prepared for the future.

In response to the many people who have asked to help, a trust has been established for his children with the primary purpose to provide for their education.

Details are below for those who would like to contribute. In representing the cherish memory of Peter, the Sauer family, and the Swank family, I thank you deeply.
Mary Rogers Brennan

According to neighbor Diane Gurden, "Peter Sauer was a great guy. A wonderful husband to Amanda and a fabulous father to his 3 daughters. He was frequently seen at the pool with multiple children hanging off of him, or biking with his daughters. He was always on the bleachers while his daughters swam at practices and meets with Middies and the Scarsdale Swim Team. Peter and Amanda were about to move back to Pittsburgh, where both of their families were. This was a hard decision because they really felt that Scarsadale was a great place to raise a family."

Here is how to give:

Sauer Children Trusts

Three separate trusts have been established, one for the benefit of each child, the primary purpose of which will be to provide each child with the finest education possible, and to secure their futures. As the funds are received, they will be distributed in equal shares to each of the three trusts.

Wire Instructions
ABA 026009593
Bank of America, N.A.
100 West 33rd Street
New York, NY
(International Wires Add: Swift-BIC #BOFAUS3N)

1st Credit Merrill Lynch
Acct # 6550113516

Further Credit to:
Name: Sauer Children’s Trust LLC
Acct # 2BL-02049

Check Instructions

Checks should be made payable to the "Sauer Children's Trust LLC" and sent to:

Merrill Lynch
Attn: Gina Hernandez
540 West Madison Street, Suite 2020
Chicago, IL 60661

Please note account number “2BL-02049” in the memo section on the check.

Questions can be referred to:

Gina M. Hernandez
Senior Private Wealth AssociateVer Bockel / Raihle Group
Merrill Lynch Private Banking and Investment Group540
West Madison Street, Suite 2020
Chicago, IL 60661

W: 312.325.2639 | F: 866.304.3610
[email protected]

Please consult your own tax advisors; however, see below for a description of certain tax matters as provided by counsel to the trust.

The annual gift tax exclusion permits you, individually, to give tax free in each year the sum of $13,000 to any number of individuals. If you are married and your spouse consents to applying his or her annual exclusion amount to each gift, you can give the sum of $26,000 to any number of individuals. Since there are three different trusts, the annual gift tax exclusion permits you, individually, to give tax free in each year the sum of $39,000 to be shared equally by the three trusts. If you are married and your spouse consents to applying his or her annual exclusion amount to each gift, you can give the sum of $78,000 to be shared equally by the three trusts. Gifts to any one individual in excess of the annual exclusion amount may be sheltered from federal gift tax by the lifetime exemption. Again, we urge that you consult your individual advisers on these tax related matters.

Please note that all donations will be treated as gifts and not as charitable donations.