There is definitely a catch and the catch is that you still pay taxes on that stream of income, but not as much as you would have if you paid the tax on capital

There is definitely a catch and the catch is that you still pay taxes on that stream of income, but not as much as you would have if you paid the tax on capital gains and yes, some funds still go to charity in the end. Like I said, my description was simplified for brevity. Here's the full video [1] about this as it pertains to crypto (but it doesn't have to). He goes into explaining how to actually distribute the wealth to your family after your death (via Irrevocable Life Insurance Trust) at the end of the video. [1] https://www.youtube.com/watch?v=7CMks9_PVqs https://www.youtube.com/watch?v=7CMks9_PVqs