[ad_1]
You’re employed together with your shoppers to establish their philanthropic targets, the causes they wish to help, and essentially the most acceptable automobiles for making charitable presents. Then your job is finished, proper? Not so quick. If the technique is poorly executed, it could possibly 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 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 incorrect—and what you need to advocate that your shoppers do as an alternative.
Planning Forward
Many consumers as we speak wish to develop structured giving plans that not solely present potential tax advantages as we speak but additionally assist make a distinction for others tomorrow. By educating them on widespread charitable planning errors, you’ll execute their plans as supposed whereas fostering a trusting client-advisor relationship.
At Commonwealth, our advisors lean on the experience of our Superior Planning staff to assist them suppose 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’s best to seek the advice of a authorized or tax skilled relating to your particular person scenario.
[ad_2]
