When planners help clients manage their wealth, it is important to help them recognize the deep emotional sources of philanthropy. Hundreds of interviews over the years with philanthropists have led me to the notion of empathy and identifying with others as the key motives behind giving. Ask donors about an important gift and you will hear that the people they help are like themselves, their children, parents or other loved ones. We care for others as extensions of ourselves.

A day usually comes in your clients' lives when acquiring more wealth ceases to be so important. They then face the question of how to live next and impart to their children a moral biography. Most will want to give because giving is a natural source of happiness.

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