Charitable Planning: 7 People Who Benefit The Most
But it's often the least appreciated - and utilized - tool in most advisors' toolkits.
All parties involved with a planned benefit gift come out on the winning side, so no one should be judgmental or ashamed, according to author and advisor coach Matthew Halloran.
In fact, it can be a great and honorable way to build your business.
Here are the seven people or entities that benefit the most from charitable planning.
Source: Matt Halloran, MS, Director of National Development for GIVE Strategy.
1. The Client (Donor)<br><br>
2. The Heirs<br><br>
3. The Charity<br><br>
4. The Accountant<br><br>
5. The Estate Planning Attorney<br><br>
6. The Planned Giving Director/Officer<br><br>
7. The Financial Services Professional<br><br>
If anyone realized how much work it is to do a planned gift from a charitable planning stand point, they would not balk at the advisor making a $10,000 for three to sixth months of work.
Over the next 10 years there will be the largest wealth transfer in the history of our country's history. Empower your clients to take the power out of the government's hands and give the money to people/organizations/charities they want to help.
Also see:
8 Issues Weighing On Affluent Investors' Minds Right Now
The Art of Conversation: 8 Tips for Successful Advisors
5 Ways to Better Manage Clients? Risk Tolerance, Expectations
9 Ways to Keep Clients From Overspending in Retirement