Why You Might Need a Power of Attorney
Have you thought about your legacy? We highly recommend that you appoint a trusted family member or friend as your power of attorney (POA), giving them the ability to help with your financial or health needs, should an unfortunate event occur in your life.
Creating a Charitable Endowment: Long-Term Support Strategies for Your Causes
There are many options for charitable giving, including simple one-time gifts or annual checks to your favorite causes. But you might consider increasing your impact by setting up a structured, long-term philanthropic plan such as an endowment. What Is an Endowment? An endowment is a por …
7 Tips to Successfully Transfer Wealth to Your Kids
70% of family wealth is lost by the end of the second generation and 90% by the end of the third. Get our step-by-step guide to help you successfully pass your wealth to the next generation. Download Guide
Evaluating Charitable Organizations: How to Choose the Right Partners for Your Giving
Often, success motivates us to give back to the world in a positive way. You may have a cause in mind that you want to support, or you may be looking for just the right fit. In either case, you want to be sure that the organization(s) you choose to support are legitimate and set …
Knowing When to Update Your Estate Plan
From the family tea set to the most complex estate, transferring wealth is quite common. What’s less common, but just as important, is outlining a specific plan for this transfer and updating it as circumstances change.
Philanthropic Risk Management: Ensuring Effective and Compliant Giving
The Foundations of Philanthropic Financial Planning If you’ve been thinking about donating to causes that are important to you but have not yet pulled the trigger, or your giving plan simply consists of giving to places like your child’s school or your church or community group when they as …
Estate Planning for High Net Worth Individuals: A Guide to Estate Equalization
As someone with a significant estate to leave, deciding who you leave it to and how you leave it are clearly important. Your personal preferences and the potential good your bequests can do are factors to think about in your estate planning. So is fairness — especially if you have several c …
How to Make Charitable Giving Part of Your Financial Plan
COVID-19 caused an economic shockwave that we’ll feel for a long time. Nonprofits, from large global networks to the local churches, have been hit hard, too. In a recent survey of 110 nonprofits, 80% of them said revenue had fallen across the board.
Philanthropy and Wealth Transfer: Integrating Giving into Estate Planning
By Brady Marlow, CFP®, AEP®, CAP, CPWA®, CExP™, Director, Carson Private Client Wealth Strategy Although most people focus first on loved ones in developing their estate plan, you may also want your legacy to include continuing support of issues and organizations you’re passionate about. Yo …
Creating a Charitable Giving Strategy: From Donations to Endowments
By Brady Marlow, CFP®, AEP®, CAP, CPWA®, CExP™, Director, Carson Private Client Wealth Strategy The emotional and psychological benefits of charitable giving are well documented. It can feel very rewarding to make a difference in the world, and there are many worthy organizations that depen …
How a Donor-Advised Fund Can Help Your Charitable Giving
Giving is an important part of our society for many. It can provide us the opportunity to support causes we believe in and make a positive impact. Keep in mind, giving isn’t always about donating money. It can also include volunteering time or donating goods and resources. Here are some exa …
COMPLIMENTARY RESOURCE
A Guide to Gifting to Your Heirs
Gifting to your loved ones now or posthumously each carries their own positives and negatives as they relate to your estate plan, taxes, your goals and your legacy.
