Broker Check

Philanthropic Strategies

This is one of my favorite parts of the business. Helping others, reducing taxes what's not to like?

Mechanically, this is just one more budget item to be assessed and prioritized. We want to know what you can do and when you should do it. The overall financial analysis will show if you have enough funds to cover your needs. If it will be a close call, we'll look at things you can do in your estate. If you have assets to spare, we can look at doing things now and in your estate. Different assets have different tax treatments during your lifetime. They may change again after you are gone. We'll analyze which offer the best after-tax benefits to your heirs and which are better candidates for tax exempt causes. Your insurance strategy is very much in play.

Part of this process is preparing your taxable heirs. Some are more understanding than others. I'll help you broach the topic gently. Agatha Christie made a fortune writing about sudden bequests and their aftermath. Have a look at the Estate Planning section for more.

This is attorney and CPA intensive. You need a team and they all need to be on the same page. We can help arrange things.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax expert.