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Heres a few options to consider for your assets if you dontplan on leaving them to any heirs.
This can be formalized in your will to have your assets distributed to causes and organizations you care about.
The DAF will then direct funds toward charities of your choosing on a time interval you specify.
Its important to create a will if youre gifting assets to someone that is not directly related to you.
If you have more than enough butdont plan on having anything leftover, youll need to start spending more.
And you could enjoy all of that spending right now.
A trust can also protect you from some estate taxes, allowing more money to go where you direct.
And even without heirs, a trust is a more secure way to distribute your assets.
The distribution process usually goes in this order: surviving spouse, children and then grandchildren.
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