Weekend Reading: Should a Donor-Advised Fund Be Part of Your Estate Plan?

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
240329 WRR 312 Donor Advised Fund Be Part of Your Estate Plan 240329 WRR 312 Donor Advised Fund Be Part of Your Estate Plan
Weekend Reading

Charitably minded? Donor-advised funds (DAFs) offer individuals a cost-effective and flexible way to incorporate charitable giving into their estate plans. A DAF is established with a charitable organization, allowing donors to contribute various assets while retaining advisory privileges over fund distribution and investment. Contributions to a DAF are irrevocable and tax-deductible, with potential income tax benefits and reduced estate tax implications. DAFs are also versatile, allowing donors to support IRS-qualified charities, contribute during life or at death through estate planning documents, and name successors for continued charitable giving.


Key Takeaway: Consult your advisor to help determine if a DAF aligns with your charitable goals and financial strategy.