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HomeWealth ManagementAvoiding Frequent Charitable Planning Errors: A Information for Advisors

Avoiding Frequent Charitable Planning Errors: A Information for Advisors


You’re employed along with your purchasers to determine their philanthropic objectives, the causes they need to help, and probably the most acceptable autos for making charitable presents. Then your job is completed, proper? Not so quick. If the technique is poorly executed, it could actually undermine the influence of these presents.

Some traps are simple to fall into, akin to mistakenly directing funds to a charity with a special but related title. Different errors might not be realized for a while, which can occur when organising a donor-advised fund or a charitable the rest belief. So, how will you assist purchasers keep away from frequent charitable planning errors?

View this SlideShare to be taught extra about what may go incorrect—and what it’s best to suggest that your purchasers do as an alternative.

Planning Forward

Many consumers right this moment need 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 frequent 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 staff to assist them assume 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. It is best to seek the advice of a authorized or tax skilled relating to your particular person state of affairs.



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