Philanthropic Insights
Charitable remainder trusts: What, where, who, why, when, and how?
For most attorneys, CPAs, and financial advisors, charitable remainder trusts (CRTs) don’t come along every day. Because a CRT can be such an effective planning tool in certain situations, it’s useful to have a basic level of knowledge about how they work. What is it? Your client establishes a CRT…
Weighing the Options: Private Foundation or Donor Advised Fund?
“I want to start a foundation” is a phrase you may have heard from your clients in the past. And while a private foundation can be a great fit for the right person, an exploration of alternative structures can be very valuable to your client’s estate or financial plan. Here…
Trust Matters: Your Clients’ Go-To Resource for Community Impact
As attorneys, CPAs, and financial advisors, you know very well that trust is at the core of your relationships with clients. Your clients are seeking a similar level of trust with the people and organizations that are helping carry out their philanthropic wishes. Fortunately, trust in charities has shown an…
Generational shifts: Fulfilling clients’ charitable wishes
A major transfer of wealth, often referred to as the “Silver Tsunami,” is happening as your Baby Boomer clients establish financial and estate plans to pass their wealth to their Gen X and Millennial children. The dollars involved are eye-popping. The 2024 Cerulli Associates study estimates that $124 trillion in…