As Featured In: Trust & Estates Magazine
Tax-Smart Charitable Planning Strategies That Marry Passion and Purpose
“With the stock market hovering at an all-time high, there’s never been a better time to evaluate which charitable planning strategies can help donors maximize impact via their estate planning.” – Vance Barse
PFs
“Family foundations are often best for donations of $1 million or more when the family serves as the primary research and/or charitable board.”
DAFs
“Donors receive a deduction of up to 30% of AGI by donating highly appreciated non-qualified assets and a deduction of up to 60% of AGI for donating cash.”
QCDs
“Typically, QCDs are considered by taxpayers who must take their required minimum distributions (RMDs) and have charitable intent.”
CRTs
“A CRT pays an income interest to an individual (or individuals) for a term of years or lifetime, with the remainder of the assets passing to a charity.”
CLTs
“A CLT offers an estate tax freeze and comes in two flavors: reversionary (grantor lead) and non- reversionary trusts.”
CGAs
“A CGA is established with a charity, such as the Red Cross, whereby the donor makes a charitable donation in exchange for a lifetime annuity.”
Mastering Financial Planning: Key Insights from Vance Barse
Vance in ThinkAdvisor: Advisors’ Advice: Top 11 Retirement Planning Questions Clients Ask
“Clients nearing or in retirement painfully remember 2008 and are aware that the U.S. hasn’t had a recession in over a decade. This is a fear-based question that crosses many people’s minds and is a great opportunity to revisit core planning principles to help put them at ease. When this question arises, I conduct a behavioral exercise during which we discuss: recession concerns, portfolio allocation, Social Security, health care costs [and] other income sources.”
Vance on CNBC.com: Seniors Should Avoid this Mistake as the Fed Lowers Rates
Advisors working with retirees and near-retirees are discouraging them from chasing riskier returns.
However, they are asking investors to think deeply about their ability to withstand a period of low interest rates and a market upheaval.
Vance in InvestmentNews: Capital One Data Hack Puts Financial Advisers on High Alert
“The Capital One data breach serves as a great, yet painful, reminder that it’s important for clients to ask financial, insurance, educational and other institutions what security measures they have in place to help prevent such violations,” Mr. Barse said. “Given that the Capital One breach is front of mind, now is a great time for clients to inquire how their institutions will assist them in the unfortunate event that their confidential data is compromised. It’s also a great time for advisers to educate clients on the information security and best practices their institutions have in place.”
Vance Barse
Vance Barse is a renowned financial planner with over a decade of experience in the industry. He is dedicated to helping individuals and families achieve financial security through personalized strategies and expert advice. Vance is a frequent speaker at industry conferences and has contributed to numerous publications, sharing his deep knowledge and innovative approaches to financial planning.
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