November 23rd
What is a Donor Advised Fund? Could it be right for you?
Ever since the Tax Cuts and Jobs Act of 2017 increased the standard deduction, Americans have been seeking innovative ways to optimize their charitable contributions.
We explore:
- What is a Donor Advised Fund?
- Setting Up Your Fund
- Tax Deductions and Timing
- Charitable Legacy Planning
- Complex Assets: Privately Held Businesses and Real Estate
- Costs and Downsides
- Important Questions to Ask
Stay tuned for our next video where we explore five hypothetical scenarios to deepen your understanding of how Donor Advised Funds can be a strategic tool in specific circumstances.
This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv
Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.
Advisory services offered through Retirement Planning Services, LLC.
The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.