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Donating Passion Assets (Tangible Personal Property Donations) 1 Credit

Donating Passion Assets (Tangible Personal Property Donations) 1 Credit

  • Rating

    4.7
  • Reviewed on

    March, 2024
  • Subject Area

    Specialized Knowledge

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Sep 19, 2024 | 01:00 PM ET

Learning Objective

  • To explore the diverse range of passion assets, such as artwork, jewelry, antiques, collectibles, and sports memorabilia.
  • To identify different methods of disposing of passion assets, including gifting to friends and family, and selling to strangers.
  • To know how to develop personalized disposal strategies.

Course Overview

In the world of passion assets, cherished possessions like exquisite artwork, vintage antiques, and sports memorabilia hold immense sentimental value across generations. As financial advisors, we understand the importance of addressing passion asset disposal intricacies for our clients.

Delving into diverse disposal options, clients can gift assets to loved ones, sell to yield financial returns or donate for societal impact and tax benefits. Understanding these avenues allows us to craft personalized strategies, considering financial goals, emotional connections, and market conditions, ensuring informed decisions.

We will provide guidance on asset understanding, disposal possibilities, and custom methods to help clients match choices with their goals and aspirations in this CPE course.

Major Topics Covered:

  • Identify assets to donate, including art and collectibles, and understand their financial impact
  • Evaluate the worth of passion assets and explore the types of value they hold
  • Stay updated on current trends in the art and collectible markets
  • Document and organize information for managing passion assets across generations
  • Develop monetization strategies and understand the tax benefits of donating passion assets
  • Highlight the benefits of family philanthropy with case studies and insights from the Fidelity Report on Philanthropy and Advisors

Join this CPE Webinar and learn the fascinating world of passion assets. Your clients will appreciate you knowing how they can dispose of it in the way that is best for them.

  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
  • 1 General Credit of Specialized Knowledge for Accountant/Bookkeeper/Tax Professionals
  • 1 PL Credit of Portfolio Management and Wealth Planning for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Charitable Giving for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit of Charitable Giving for Retirement Income Certified Professional (RICP)
  • 1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
  • 1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CE Credit of Charitable Giving for Financial Services Certified Professional (FSCP)
  • 1 CE Credit of Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC)
  • 1 CE Credit of Charitable Giving for Wealth Management Certified Professional (WMCP)
  • 1 CE Credit of Charitable Giving for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA)
  • 1 PL Credit of Portfolio Management and Wealth Planning for CIPM
  • 1 CE Credit of Philanthropic Planning for Chartered Advisor in Philanthropy (CAP)
  • 1 CPE Credit of Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CE Credit of Charitable Giving for Chartered Special Needs Consultant (ChSNC)

  • 1 CPE Credit of Specialized Knowledge for Certified Public Accountants (CPA-US)
  • 1 General Credit of Specialized Knowledge for Accountant/Bookkeeper/Tax Professionals
  • 1 PL Credit of Portfolio Management and Wealth Planning for Chartered Financial Analyst (CFA)
  • 1 CE Credit of Charitable Giving for Chartered Financial Consultant (ChFC)
  • 1 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 1 CPD Credit for Trust and Estate Practitioners (TEP)
  • 1 CE Credit of Charitable Giving for Retirement Income Certified Professional (RICP)
  • 1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
  • 1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
  • 1 CE Credit of Charitable Giving for Financial Services Certified Professional (FSCP)
  • 1 CE Credit of Estate Planning for Certified Plan Fiduciary Advisor (CPFA)/Qualified Plan Financial Consultant (QPFC)
  • 1 CE Credit of Charitable Giving for Wealth Management Certified Professional (WMCP)
  • 1 CE Credit of Charitable Giving for Chartered Advisor in Senior Living (CASL)
  • 1 CPE Credit of Specialized Knowledge for Iowa Licensed Public Accountant (IA-LPA)
  • 1 PL Credit of Portfolio Management and Wealth Planning for CIPM
  • 1 CE Credit of Philanthropic Planning for Chartered Advisor in Philanthropy (CAP)
  • 1 CPE Credit of Specialized Knowledge for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Specialized Knowledge for Delaware Licensed Public Accountant (DE-LPA)
  • 1 CE Credit of Charitable Giving for Chartered Special Needs Consultant (ChSNC)

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Richard “Rick” Peck is an independent philanthropy advisor with Richard C. Peck Consulting, LLC and founder of The Philanthropy Guy, a leading-edge charitable giving resource hub featuring a podcast series, interactive website, learning opportunities, and book.

For the past six years, until March of 2023, Rick led the New Hampshire Charitable Foundation’s philanthropy and donor services team, overseeing all aspects of development, donor engagement and donor services.

Before joining this statewide community foundation, Rick served Dartmouth-Hitchcock Health and the Geisel School of Medicine at Dartmouth College as director of individual giving and gift planning, where he worked with grateful patients and families as well as medical school alumni to achieve their philanthropic goals.  He also served Dartmouth College as an associate director of gift planning, working with alumni of the undergraduate college.

Rick is a Certified Financial Planner®, a Chartered Advisor in Philanthropy® and a Chartered Financial Consultant®.  He holds an MBA from Baker College in Michigan and a BA from the University of Massachusetts.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.7

Excellent

Very Good

Average

Poor

Terrible

KA

Kathryn Astbury, CPA (US)

This is a very interesting and useful presentation. The presenter is fabulous with his manner and knowledge! Highly recommend this class to anyone!

YT

Yetta Tatik, CPA (US)

Shared lots of knowledge.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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