Fact vs. Fiction

Andy Lucking By | On June 8, 2017

Following is the latest in the new Fact vs. Fiction series created as a way to present and debunk some of the most common financial myths.

Fiction: When I donate to my favorite charity, writing a check is the best gifting strategy.

Fact: Before you make a charitable donation, consider the potential tax and legal implications of your gifting strategy. Charitable giving can take many forms, including outright gifts, donor-advised funds, charitable remainder trusts, charitable gift annuities, private foundations, and bequests. With so many options (and upsides and downsides to each one), seeking professional advice can help you make the best choice for your needs.