You can benefit from the tax savings without giving up the assets that you’d like your family to receive with a donation in the form of a charitable lead trust.
Like a charitable savings account, a Donor Advised Fund gives you the flexibility to recommend how much and how often money is granted.
Some might prefer the ease and flexibility that a beneficiary designation provides by using IRAs and retirement plans, life insurance policies, commercial annuities.
You want to leave money to Birmingham Landmarks / Alabama & Lyric Theatres in your will but you also want the flexibility to change your will in the event that life circumstances change. You can do both.
If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.