You’re employed along with your shoppers to spot their philanthropic targets, the reasons they need to beef up, and essentially the most suitable automobiles for making charitable presents. Then your activity is completed, proper? Now not so speedy. If the method is poorly finished, it could undermine the affect of the ones presents.
Some traps are simple to fall into, comparable to mistakenly directing price range to a charity with a special but an identical title. Different errors will not be learned for a while, which might occur when putting in place a donor-advised fund or a charitable the rest accept as true with. So, how are you able to assist shoppers keep away from not unusual charitable making plans errors?
View this SlideShare to be told extra about what may pass flawed—and what you will have to suggest that your shoppers do as a substitute.
Making plans Forward
Many consumers lately need to increase structured giving plans that no longer simplest supply attainable tax advantages lately but in addition help in making a distinction for others the following day. By way of teaching them on not unusual charitable making plans errors, you are able to execute their plans as supposed whilst fostering a trusting client-advisor dating.
At Commonwealth, our advisors lean at the experience of our Complex Making plans staff to assist them suppose thru regulatory and tax-related penalties of charitable plans and different making plans problems. Find out how you’ll put their wisdom to give you the results you want.
Heather Zack, JD, LLM, MSFP, CAP®, contributed to this text.
Commonwealth Monetary Community® does no longer supply criminal or tax recommendation. You will have to seek the advice of a criminal or tax skilled relating to your own scenario.