The sole purpose and objective of an iCLAT is simple. . . TO GENERATE A LARGE IMMEDIATE CHARITABLE INCOME TAX DEDUCTION IN THE CURRENT YEAR, which is based on your clients’ future annual gifts to charity. With an iCLAT there is NO NEED for your clients to write a big check to get a big charitable deduction THIS YEAR. Donor Advised Funds (DAFs) are the fastest growing charitable giving tool for many good reasons: (i) ability to give anonymously, (ii) centralized charitable giving platform, (iii) family/multi-generational giving opportunities, (iv) bifurcate tax savings from the timing of actual future grants to specific charities and (iv) gifting of illiquid assets for charitable purposes.
This iCLAT presentation will cover actual client cases with a practical emphasis of how iCLATs are “ideally” designed when their annual charitable distributions are made to the client’s new or existing DAF. Add tremendous value to your clients who need tax savings this year, particularly for those who already make annual gifts to one of more charities.
This session is worth one CE credit for subscribers with the following designations: CFP, CLU, ChFC and RICP. And CPA subscribers will earn one CPE credit. And NAPFA members who subscribe will receive a completion certificate they can apply for NAPFA CE credits.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.