See more of The Signatry community in action.

Filter Posts

Categories
Topics
Advisor

Three Ways 2020 Could Impact Estate Planning

2 weeks ago By Ben Bell

Now is the time to review estate plans for 2020. The beginning of the year is a time when many people have a resolution to evaluate, reevaluate, or plan their estate for the first time. With the turn of the calendar below are a few items of note which can affect planning an estate in 2020. Here are three things to consider as you engage with clients in this important conversation. 1. SECURE Act Effective January 1, 2020, the SECURE Act changes the age of required minimum distributions (RMDs) to age 72 and, in effect, eliminates the “Stretch-IRA” strategy for…

Read More
Advisor

Starting 2020 with 20/20 Vision

2 months ago By Evan Lange

Over 60% of Americans will make New Year resolutions for 2020. Some of the most popular resolutions for 2020 are losing weight, reading more, spending more time with family, and flying less to help prevent emissions into the environment. While I typically do not have a “resolution” for the New Year, I will build a plan and goals for the next 12 months. What are the goals for financial advisors, lawyers, and accountants for 2020? A quick web search will provide hundreds of tips to improve and grow your practice. These tips include: investing and utilizing new technology, exploring new…

Read More
Advisor

Generosity in the Story of Christmas

3 months ago By Evan Lange

Christmas is my favorite time of year. I love the joy and cheer, sweet treats, and the wonder in my children’s eyes when they come down the stairs on Christmas morning. But the thing I love most is the Christmas story! In Chip Ingram’s book, Genius of Generosity, he gives a beautiful picture of how true generosity is demonstrated in the Christmas story. To better explain this, let’s look at the six types of gifts given in the Christmas story. Gift of Treasure – The Wise Men As the leading astrologers of their time, the Magi studied the stars and…

Read More
Advisor

Year-end checklist for Advisors

4 months ago By Evan Lange

The leaves and the weather are changing, so that means it is time to start year-end planning sessions with your clients. Take some extra time this fall to consider some of these simple year-end charitable and tax-planning strategies: Bunch a bunch Because of the 2017 tax law changes, several clients may not have enough itemized deductions to surpass the 2019 standard deduction threshold ($12,200 for individuals and $24,400 for married couples filing jointly). However, clients can maximize their deductions by doubling or tripling up charitable contributions one year and skipping the next year(s). This strategy is referred to as “bunching”…

Read More
Advisor

The History of Donor Advised Funds

4 months ago By Evan Lange

I love studying history. From recent events to ancient biblical history, it is important to know how we have arrived at where we are today. Therefore, I would like to provide a little history of the donor advised fund (DAF). Many may know the charitable and tax benefits to using DAF, but DAFs are still underutilized by many. This is likely because DAFs are still relatively young from a historical perspective. Here is a brief history: In 1913, Congress passed the Revenue Act which exempted charitable organizations from paying federal taxes. In 1914, the world’s first community foundation was established…

Read More
Advisor

Warren Buffett’s Missed Opportunity

7 months ago By Evan Lange

When it comes to charitable giving, it often seems like the world’s wealthiest individuals have it figured out. With so many assets to manage, these donors know how to support charitable causes while capitalizing on the tax benefits of the giving process, right? Unfortunately, not all get it right. In July, an article in Forbes announced that Warren Buffett is donating $3.6 billion of his Berkshire Hathaway stock to charity. It also offered advice on how other donors could maximize their giving by following in Buffett’s footsteps. The problem? Buffett is primarily giving the stock to private foundations. Consequently, he is missing out on significant tax benefits he could receive if he utilized a donor advised fund (DAF) instead. There are important differences, when it comes to tax benefits, that all donors and advisors should consider.

Read More
Advisor

Six Benefits of Using a Donor Advised Fund

7 months ago By Evan Lange

Most financial advisors, attorneys, and CPAs know the benefits of using a donor advised fund (DAF). However, DAFs are still often underutilized by the public. While many may have used DAFs for large net worth clients a few decades ago, DAFs are still a useful tool which many people can use to help grow their generosity. Here is a short list you can use to show clients the benefits of using a DAF to grow their giving with less hassle: Anyone can open a DAF online in a matter of minutes, and The Signatry requires no minimum deposit or balance upon starting a fund.…

Read More
Advisor

Donor Advised Fund or Private Foundation?

8 months ago By Joe Williams

Two of the most popular charitable vehicles are donor advised funds and private foundations, but which is best to use in your generosity journey?  That depends. Nearly $70 billion in grants to charity came through private foundations and donor advised funds (DAFs) in 2017. Understanding the differences between these two vehicles is crucial in deciding which is most appropriate for you and your family’s giving. Here are eight key comparisons to consider: Start-Up Cost: DAFs: Can be established immediately at a low or no cost. Most sponsors require an initial minimum contribution of $5,000 or more, but you can open…

Read More
Advisor

3 Questions to Uncover Attitudes About Money

10 months ago By Evan Lange

Determining a client’s view of money is helpful when creating a financial strategy. It will help determine where and what to invest. Here are three questions to help you uncover your clients’ attitude about money. What is your story? This broad question allows clients to open up about their experiences and enable you to discover their background, goals, and what they are priorities are. Not everyone will be willing to open up at first pass, but with engaged listening and interaction, this conversation can lead you to a deeper understanding of your clients’ core values. What are you passionate about?…

Read More

Join the conversation. Get the newsletter.