Planned Giving

 

While the IRS may not enjoy a reputation of “benevolence”, the tax code is extremely friendly to charitable giving. If you are a business owner, investor or otherwise have ownership of various forms of assets and you love to be generous, it may make sense to spend some time with an expert on planned giving. For many, the term implies complex trusts with a lot of language that is confusing. No doubt, it can become very complex, but not always. Before you sell capital assets, or consider a significant charitable gift, please consider what your options may be. The tax code provides excellent options for including the charities and ministries you love. These options can provide estate, capital gain and even income tax benefits. Contact Garland Gould, CFP® and Chartered Advisor in Philanthropy®, with questions and for more information.