Why and How to Set Up a Donor-Advised Fund
One of the most practical tips I learned in law school was from a Wills & Trusts class. No, it wasn’t about how to plan for your death. It was about how to plan for your life, specifically when it comes to donating money. The term I heard in that class, that I had never heard about before, was “donor-advised fund.” We learned that this was similar to a charitable trust, but with some unique differences. I don’t know about you, but to me, setting up a charitable trust or anything similar sounded like something only rich people would or should do. However, it turns out you don’t have to be one of the ultra-rich to have a donor advised fund. You can and should set one up. Why Should…
