For individuals wishing to continue their charitable donations into the afterlife, a Donor-Advised Fund can assist in this area of estate planning. By naming a qualified foundation as beneficiary of an IRA and entering a Designated Fund Agreement, a DAF can provide tax benefits such as reducing estate tax and capital gains, and make sure that the donor’s favorite charity in life is still supported after their death.
See, DAF as the Beneficiary of an IRA, Charitable Planning, Nov. 20, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
