Avoiding Frequent Charitable Planning Errors: A Information for Advisors


You’re employed together with your purchasers to determine their philanthropic objectives, the causes they wish to help, and probably the most applicable automobiles for making charitable presents. Then your job is completed, proper? Not so quick. If the technique is poorly executed, it will possibly undermine the impression of these presents.

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

View this SlideShare to study extra about what may go flawed—and what you must suggest that your purchasers do as a substitute.

Planning Forward

Many consumers right this moment wish 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 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 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’s best to seek the advice of a authorized or tax skilled concerning your particular person scenario.


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