Gunster attorney Seth Kaplan discusses charitable giving and planning techniques in a recent Financial Advisor magazine article. As new tax legislation such as the Tax Cuts and Jobs Act of 2017 impact charitable giving, moderate and high-net-worth individuals should be aware of the latest trends in charitable giving. Kaplan identifies some of these including, gift bunching with donor-advised funds (DAFs), grantor charitable lead annuity trusts (CLATS), holistic tax and charitable giving, and almost charitable LLCs. These trends span from giving several years worth of charitable donations in one year to forming an LLC which is similar to a charitable pledge.
Kaplan is a shareholder in Gunster’s Private Wealth Services group. He concentrates his practice in the areas of planned giving, charitable trusts, personal income taxation and estate planning for high net worth individuals. His clients include fund managers, executives in public companies and top management at high net worth private companies.
Read the full article: Top trends in charitable giving for high-net-worth individuals