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“It has to be dynamic—if it’s static, it won’t endure,” says Avery Fontaine.
Illustration by Rob Dobi
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Philanthropic planning isn’t typically viewed with the same urgency as other areas of wealth management. But the idea that philanthropy belongs in a quiet and slow-moving corner of a wealth plan is outdated, and advisors are encouraging folks to view gifting plans as tactical and integral to broader wealth-management goals, such as tax minimization, wealth transfer, and income generation.
While a single gifting method in itself may have compelling benefits, when paired with other wealth-planning strategies, it can be much more powerful, says