No. of Recommendations: 2
So you're saying that you don't care if there's any residual left over by the time you die, but some would be nice?

It sounds to me like a Charitable Gift Annuity is worth looking into.

Here's how it works. You put up a chunk of money and get a substantial immediate tax deduction. Soon you start geting a stream of payments that's based on your age and the amount you invested (although it typically doesn't go up with inflation). Payments are partially taxable and partially tax-free.

If you die early, your charity gets the residual.

If you outlive your life expectancy, the charity gets nothing but the insurance company makes sure you keep getting your payments.

To counteract the inflation aspect, you may want to keep some cash in reserve (and then draw from it more and more as time goes by, or buy additional CGAs).

You can also ask questions on the "Inheritance Strategies" board.
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