Giving Tuesday, a day created to inspire people to take action on the Tuesday after Thanksgiving, shines a light on philanthropy and encourages you to maximize your impact on the causes and organizations most important to you.
In our work with clients we fine-tune individual gifting strategies, optimize charitable contributions, and select appropriate gifting vehicles. Our role is also to facilitate discussions that help define giving objectives and then build a philanthropic plan, especially where there are techniques that touch the investment and financial planning realms.
If giving back has been on your mind, we wanted to share the following tips and strategies that we find useful in our planning discussions with clients:
It’s important to note that every person’s and family’s situation is different, and these tax and gifting techniques require careful forethought and planning. That’s why we feel it’s important, as wealth advisors, to be available for planning discussions and to coordinate with your tax professional.
Whatever your objectives are around giving, our primary responsibility as your advisor is to ensure that each gifting choice is made in support of long-term goals and represents the most financially responsible strategies for each individual or family’s situation.
If you would like to discuss your charitable giving or tax-planning issues in more detail or have other year-end planning questions, please contact your Litman Gregory Advisor or email our team at email@example.com.
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