Of the after-tax savings, the estate donates $100,000 to charity, and the remainder ($900,000) goes to the kids. Alternate ScenarioSame couple- $1 million home, $1 million after tax account, and $1 million IRA. By donating to charity from the IRA, the couple is donating the least tax-efficient assets to charity. The will or trust is typically drafted or amended by an estate planning attorney. The purpose of estate planning is making sure that your money flows where you intend.

Source: Forbes September 09, 2018 13:52 UTC