When it comes to charitable giving there are multiple layers of intertwined motivations that are both personal and philanthropic. A financial planner needs to perform a balancing act when assisting a client with overcoming conflicting desires in charitable giving. This article discusses how financial planners will need to help their clients adapt to changes in the tax law dealing with charitable gift giving. There will also be changes to how clients will handle charitable remainder unitrusts (CRUTs). This article explains the different techniques advisers can use to help balance the client’s interest taking into account the interest of the beneficiary charity as well. It discusses the different ways to structure split-interest gifts. This article will hopefully provide more information about the importance of planning ahead when making charitable gifts.
See Robert F. Sharpe, Jr., The Charitable Planning Balancing Act, Wealth Management, June 25, 2015.
Special thanks to Jim Hillhouse for bringing this article to my attention.
