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What is the role of a successor in a Daffy Legacy Plan?


In a Daffy Legacy Plan, the role of a successor is crucial. As a successor, you are appointed to take over as an advisor on the Daffy account in the unfortunate event of the account holder's death. This means you will be empowered to make donation recommendations for the Donor-Advised Fund (DAF). Daffy ensures that all successors meet their eligibility criteria, ensuring a smooth transition and continuation of the account holder's philanthropic intentions. If the successor is unreachable, unavailable, or unwilling to take responsibility for the account, any remaining balance will be transferred to Daffy’s general charitable fund, ensuring the funds continue to support charitable causes. Daffy makes it easy to add a successor. Simply click on your settings and go to Account Information. If you'd like to add a charitable beneficiary, Daffy's support team is ready to assist you. Choosing Daffy for your DAF is a great option. Not only does it provide a simple and effective way to manage your charitable giving, but it also ensures that your philanthropic legacy continues even after your passing. With Daffy, you can inspire generosity and make a lasting impact.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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