I apply a multidisciplinary approach to wealth management dovetailed with structured tax planning at Magnus Financial Group. If so, could advanced financial planning have allowed the seller to make the sale, keep the proceeds and distribute tax-free income to itself? You simply open an account and contribute cash, stocks, bonds or other financial assets and can immediately claim the maximum charitable tax benefits allowed. • Remainder to charity: approximately $424 millionA DAF can be a powerful giving vehicle and income tax planning tool. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms.

Source: Forbes August 20, 2020 10:52 UTC