The who, what, when and how of planning and giving How to ...

The who, what, when and how...

How to avoid the pitfalls of planning by engaging the right advisors.

Nora J. Garvey, CFP ?, CPWA ? Senior Vice President and Trust Managing Director

The Private Client Reserve U.S. Bank

How do most wealthy individuals believe they can have the most positive impact on society ?

? Charitable Giving ? Volunteering ? Voting in Elections ? Contributing to a

political candidate

? 45% ? 31% ? 13% ? 1%

Who gives?

? 98.4% of high net worth households give to charity

? Less than 12% of the clients surveyed said they were likely to speak to their advisors about giving

? However 61% said it was important, or very important that their advisor was knowledgeable about charitable giving

? 35% were likely to consult peers and 28% sought no advice

To help our clients meet their personal and philanthropic goals.

Where there is a Will there is a way... Or is there? Just a few famous people who died without a Will...

? Prince ? Martin Luther King ? Abe Lincoln ? Pablo Picasso ? Howard Hughes

? James Brown ? Sonny Bono ? Jimi Hendrix ? Bob Marley ? Barry White

Where there is a Will....but an ineffective plan

? John F. Kennedy's Will did not contemplate children or provide guardians

? Supreme Court Chief Justice Warren Burger's Will was 176 words

? Heath Ledger

Who Wins and Who loses?

? Who Wins?

? Who loses?

? Probate is expensive, public and time consuming

? Court fees and Probate attorney fees can be expensive leaving less for heirs or beneficiaries

? Family ? Beneficiaries ? Charities?

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