I’m approaching the age of sixty five and no heirs to speak of. I’m in a bit of a pickle wondering what to do with the money I’ve saved up.
I was leaning towards the idea of investing the entire amount in a reputed mutual fund with the stipulation that the official inflation rate would be deducted from the yearly return to be invested back into the fund and the remaining amount going to charities or organizations of my choosing. Is there a way to set up a contract like this in a never ending loop and how would it be legally enforceable when I’m gone?
Is it much more efficient to hand it all over to charities immediately?
Anyone have any suggestions on the most productive ways to give back to society?
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