Some suggestions are to consider the donation of appreciated assets such as common stock or even real estate which provides an attractive charitable gift deduction and avoids potential capital gains taxes. Most of us have Individual Retirement Accounts, and we typically name our loved ones as primary and contingent beneficiaries of these accounts. Consider naming the Professorship as a beneficiary for some percentage of your retirement account. This is very easy to do by contacting the custodian of your account, and avoids any amendments to wills, trusts, etc.