A few years ago, a couple came to me after losing their adult daughter. They had millions of dollars in low-basis stock mutual funds sitting in their accounts, money they didn't need and never would for their own living expenses.
What they needed was a way to honor their daughter's memory. As a wealth adviser with 33 years of experience, I helped them open a donor-advised fund (DAF), moved the appreciated shares into it and started directing gifts to causes tied to her life.
