So I’d like to save on taxes and benefit a good cause at the same time. It seems like Charitable Unitrusts is a good way to accomplish both goals. I’ve already provided well enough for my heirs.
From what I can tell from my research on
the Retained Life Estate, charitable trusts are the best way to avoid taxes with a large estate.
Of course the hardest part will be convincing my wife that this is the best choice. She’ll want to give it all to the kids, but frankly they’re going to get more than enough as it is.
I’m sure I’ll have more to say about this down the line.