Thursday, June 8, 2023
HomeFinancialAvoiding Frequent Charitable Planning Errors: A Information for Advisors

Avoiding Frequent Charitable Planning Errors: A Information for Advisors

You’re employed together with your shoppers to determine their philanthropic targets, the causes they wish to help, and probably the most acceptable autos for making charitable presents. Then your job is finished, proper? Not so quick. If the technique is poorly executed, it will probably undermine the impression of these presents.

Some traps are straightforward to fall into, resembling mistakenly directing funds to a charity with a unique but related title. Different errors might not be realized for a while, which can occur when establishing a donor-advised fund or a charitable the rest belief. So, how are you going to assist shoppers keep away from widespread charitable planning errors?

View this SlideShare to be taught extra about what might go fallacious—and what it is best to suggest that your shoppers do as an alternative.

Planning Forward

Many purchasers right this moment wish to develop structured giving plans that not solely present potential tax advantages right this moment but in addition assist make a distinction for others tomorrow. By educating them on widespread charitable planning errors, you can execute their plans as meant whereas fostering a trusting client-advisor relationship.

At Commonwealth, our advisors lean on the experience of our Superior Planning workforce to assist them suppose by way of regulatory and tax-related penalties of charitable plans and different planning points. Study how one can put their information to give you the results you want.

Heather Zack, JD, LLM, MSFP, CAP®, contributed to this text.

Commonwealth Monetary Community® doesn’t present authorized or tax recommendation. You must seek the advice of a authorized or tax skilled concerning your particular person scenario.



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