Family office clients have complex planning issues. It’s helpful to collaborate with a team of advisors and not feel like you must have all the answers. It is often valuable to begin the engagement by having conversations about what matters most to the family and for their legacy. In this episode of the PFP Section podcast, JG Gassman, CPA/PFS, and Rick Peck have a conversation with family office expert, Steven Bowles, to discuss how best to support these families in their philanthropic desires. They discuss:
How to make sure there aren’t gaps in the planning strategies being considered
Approaches to get clear on how the family views the world and what legacy means to them
Questions to ask to align the family goals with the best philanthropic strategies
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Find relevant charitable planning resources in the Charitable Giving Toolkit.
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfpto join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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