You’re employed together with your shoppers to determine their philanthropic objectives, the causes they wish to help, and probably the most acceptable automobiles for making charitable presents. Then your job is finished, proper? Not so quick. If the technique is poorly executed, it will possibly undermine the affect of these presents.
Some traps are straightforward to fall into, resembling mistakenly directing funds to a charity with a distinct but comparable identify. Different errors is probably not 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 study extra about what may go unsuitable—and what it’s best to advocate that your shoppers do as a substitute.
Planning Forward
Many purchasers at this time wish to develop structured giving plans that not solely present potential tax advantages at this time but additionally assist make a distinction for others tomorrow. By educating them on widespread charitable planning errors, you’ll execute their plans as meant whereas fostering a trusting client-advisor relationship.
At Commonwealth, our advisors lean on the experience of our Superior Planning group to assist them suppose via regulatory and tax-related penalties of charitable plans and different planning points. Be taught 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’s best to seek the advice of a authorized or tax skilled concerning your particular person state of affairs.
