Why Wealth Advisers Urge Active Planning for Philanthropy
Order Reprints Print Article “It has to be dynamic—if it’s static, it won’t endure,” says Avery Fontaine. Illustration by Rob Dobi Text size Philanthropic planning isn’t typically viewed with the same urgency as other areas of wealth management. But the idea that philanthropy belongs in a quiet and slow-moving corner of a wealth plan is outdated, and advisors are encouraging folks to view gifting plans as tactical and integral to broader wealth-management goals, such as tax minimization, wealth transfer, and income generation. While a single gifting met...
Source: barrons.com