Donor Advised Funds (DAFs) and Charitable Trusts

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This chapter discusses the use of Donor Advised Funds (DAFs) for charitable donations, including the process of funding the DAF and donating directly to charities. It also covers the importance of seeking professional help when establishing charitable trusts and the deductions involved. The chapter concludes with a question about tax-efficient wealth transfer before death.

Today we get into the weeds about annuities. We talk all about what they are and when (or if) they are worth owning. We answer a question about if your individual own occupation policy will be valid if you get injured on a year long vacation. We tackle questions about variable life policies, term life insurance and whole life insurance. We then answer a few questions about charitable giving.

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