Nicolas Puech, a reclusive fifth-generation descendant of the founder of French luxury giant Hermes International SCA, wants to adopt his middle-aged gardener to whom he would bequeath at least some of his fortune.
It’s time to have uncomfortable conversations; advisors must step up .
They could expand the number of accounts that qualify as DAFs and the pool of persons subject to applicable excise taxes.
In the world of philanthropy, there are “bargains” as well, but they may be lost without proper documentation.
Philanthropy experts answer advisor questions.
Next gen clients have shown themselves to be less focused on tax implications and traditional investment returns, and more keen on making an impact both via their gifting and investing.
Twelve questions to stimulate interest.