You’re employed along with your shoppers to establish their philanthropic objectives, the causes they need to help, and essentially the most acceptable autos for making charitable items. Then your job is finished, proper? Not so quick. If the technique is poorly executed, it will possibly undermine the affect of these items.

Some traps are straightforward to fall into, corresponding to mistakenly directing funds to a charity with a unique but comparable identify. Different errors will 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 shoppers keep away from frequent charitable planning errors?

View this SlideShare to study extra about what might go mistaken—and what you need to suggest that your shoppers do as a substitute.

Planning Forward

Many purchasers at present need to develop structured giving plans that not solely present potential tax advantages at present 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 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 is best to seek the advice of a authorized or tax skilled relating to your particular person scenario.



Leave a Reply

Your email address will not be published. Required fields are marked *