This guide will help wealth and legal advisors identify those scenarios where a private foundation may be the right solution for their clients’ planning needs. It looks at investment planning, tax and estate planning, and charitable planning. These scenarios are covered at a high level and are not intended as investment, tax, or legal advice.
Resources tagged as: "Tax Planning for Individuals" Clear
In addition to the many philanthropic and charitable reasons a donor might have for establishing and funding a private foundation, there are also short-term and long-term tax benefits to consider.
When faced with a high-income year, establishing a private foundation can reduce your taxes and provide other valuable benefits.
A look at the methods, benefits, and potential compliance issues of using life insurance in conjunction with a private foundation.