Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, December 6, 2017

A Primer for High-Net-Worth Donors

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-06/7b4eab16-0ed6-4b8a-83d8-d6bffac1f217.pngMany advisors who work regularly with high-net-worth clients do not routinely address charitable giving. When it is addressed, it is usually part of estate planning. Despite this death of discussion, a recent study revealed that many wealthy clients are interested in learning more about their charitable donation options. The 2016 study surveyed high-net-worth households and found that 91% had donated to charity in the previous year. Of those surveyed, nearly all respondents desired to learn more about giving choices, but only about one-third had actually discussed the topic with their advisor. It is important for advisors to recognize this opportunity and initiation a productive discussion.

See Amanda K. Dichello, A Primer for High-Net-Worth Donors, Private Wealth, December 6, 2017.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.


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