Deciding when and how to make contributions requires extensive research and careful selection in order to maximize income and transfer tax benefits. In addition, proper recordkeeping is required and complex rules must be addressed.
Of course, there is more. Encouraging family member involvement in charitable activities, monitoring charities that can best accomplish your objectives, and managing funds set aside for future gifts are just a few of the considerations in coordinating your family’s overall plan with your charitable inclinations.
Naturally, Monk FSG can assist you with virtually all aspects of family philanthropy. Please contact our office for further assistance.
