Kids Not Ready for Their Inheritance? Consider a Private Foundation
Getty Images For families of means, there are plenty of reasons to consider establishing a private foundation: tax savings, control over assets and the ability to give back using a broad range of philanthropic capabilities, such as program-related investments and grants to individuals. But for many of our clients, the most important benefits of a foundation are those that help them ensure that the next generation will be responsible stewards of their values and wealth. The Ideal Training Ground A private foundation is like “an estate plan in action,” because the skills needed to run an ef...
Source: kiplinger.com