Avoiding Frequent Charitable Planning Errors: A Information for Advisors


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

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 organising a donor-advised fund or a charitable the rest belief. So, how will you assist shoppers keep away from widespread charitable planning errors?

View this SlideShare to study extra about what might go incorrect—and what it’s best to advocate that your shoppers do as an alternative.

Planning Forward

Many purchasers right now need to develop structured giving plans that not solely present potential tax advantages right now but in addition 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 crew to assist them assume by 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. You need to seek the advice of a authorized or tax skilled relating to your particular person state of affairs.


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