Lamar Watson, CFP®’s Post

Whatever your reason for giving this year, it’s important to know how your charitable contributions can impact your financial plans. In fact, being strategic and intentional with your charitable contributions can create tax benefits for both you and your chosen charity. In this update I cover what you should consider before making charitable gifts and include a PDF checklist of things to consider before making a charitable gift. This checklist will help guide you as you consider and implement a charitable giving strategy. It covers: - Philanthropic motivations and goals - Cash flow considerations - Asset selection when funding gifts - Charitable giving vehicles - Tax planning and deductibility The link to the full update is in the comments. #dreamfp #wealth #charity #finance