Ten Common Charitable Giving Mistakes Made by Donors or Their Advisors … and How to Avoid Them

Learning Objectives

• To identify and explain ten common charitable giving mistakes made by donors or their advisors.
• To analyze the considerations surrounding non-cash asset disposal in charitable giving scenarios.
• To discuss the complexities and strategies involved in timing charitable gifts, especially concerning the sale of businesses or major assets.
• To explain the significance of engaging the next generation in philanthropic discussions and its impact on charitable planning.
• To identify the benefits and complexities of Roth IRA conversions for charitable giving, emphasizing tax implications and optimal strategies.

Course Description

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

This course is valid up to December 31st, 2024 for CIMA, CPWA, and RMA Professionals. It is advisable to complete this course before that to process the credit on time.

Unlock the intricacies of charitable giving pitfalls with our comprehensive CPE course Led by Richard Peck and Theresa M. Curry. It delves deep into critical errors made by advisors and their clients. Explore proactive strategies, educational initiatives, and the art of rectifying these missteps to elevate your practice and client relationships.

Through this specialized course, identify misjudgments such as the exclusive focus on Donor-Advised Funds (DAFs), oversight in addressing the disposal of non-cash assets, and the timing complexities surrounding charitable gifts. Gain insights into navigating real estate donations, utilizing Qualified Charitable Distributions (QCDs), and crafting effective language for bequests. Learn the art of engaging the next generation, maximizing Roth conversions for charitable giving, and the impact of failing to update plans regularly.

Major topics covered in this webinar:

• Ten Common Charitable Giving Mistakes
• Exclusive Focus on Donor-Advised Funds (DAFs)
• Addressing Disposal of Non-Cash Assets
• Timing Complexities in Charitable Gifts
• Real Estate Donations: Strategies and Considerations
• Qualified Charitable Distributions (QCDs)
• Crafting Effective Language for Bequests
• Engaging the Next Generation in Philanthropy
• Maximizing Roth Conversions for Charitable Giving
• Importance of Regular Plan Updates

Master industry insights and case studies to fortify your advisory role and expand your clientele in charitable planning. Elevate your practice with our CPE course, turning pitfalls into opportunities for your clients' lasting legacies. Join today to unlock the power of informed charitable planning.

Overview

• Advisors only talk about donor-advised funds (DAFs)

  4 mins
• Advisors do not address how to dispose of non-cash assets

  14 mins
• Qualified charitable distributions (QCDs)

  21 mins
• Timing of gift around sale of business(or Major asset)

  29 mins
• Fail to encourage conversations with next generation

  42 mins