When people complete their estate plans with an attorney, the resulting documents are often dense with legal language — filled with boilerplate provisions about taxes, trusts, and powers of appointment. These documents serve a critical legal function, but they rarely reflect the heart behind the plan.
Couples are often wary to bring up the dreaded "P" word when discussing their nuptials. After all, who wants to ostensibly discuss a divorce when there is an impending marriage to consider?
For some retirees, seeking how to limit tax implications of taking required minimum distributions from their savings, a qualified charitable distribution might be the solution, writes attorney and wealth planner Beau Ruff.