Make Charitable Giving a Win-Win Part Of Your Wealth Plan

You can do a lot of good while getting a good tax break, but the details of the setup are important, and so is how you communicate your wishes to your heirs.

(Image credit: BrianAJackson)

There are tremendous breaks and incentives written into the tax code for charitable giving, and you don’t have to be wealthy to take advantage of them. But they’re most successful for people who truly have a charitable bent — those who sincerely want to see some of their money go to the charity or charities they care about.

That’s because most charitable-giving strategies require a fair amount of planning, paperwork, and set-up and maintenance costs. The tax benefits being what they are, though, it’s worth the effort.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Donald B. Bergis, Investment Adviser
Founder, Authentikos Advisory

Don Bergis is an Investment Adviser Representative (IAR) and the founder of Authentikos Advisory, a full-service fiduciary firm focused on the protection and growth of client assets toward and through retirement.