A charitable trust allows you to donate assets to a chosen tax-exempt charitable organization or nonprofit and comes with certain tax benefits to help you minimize what you might owe to the government.
Asset Protection
In terms of federal tax law changes, the last year had much ado but little change.
You have many options to make sure your wishes are followed after you die.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.