Contact: Kelly Rogers
LOCAL ADVISOR ENCOURAGES CHARITABLE GIVING AS PART OF LONG-TERM PLANNING
FORT MYERS, Florida, November 17, 2017 – Philanthropic giving is part of a sound financial strategy according to A. Scott White, president of Scott White Advisors and an active advocate for supporting charitable causes.
“Financial planning goes beyond caring for your loved ones. It extends into your community and your causes,” says White, who is currently president of the HOPE Clubhouse board of directors, a member of the board of United Way Lee County, a member of the Fort Myers Rotary Club and a senior advisor trustee of the Southwest Florida Community Foundation.
White says that when adding charitable giving to your financial plan, you can gain great personal satisfaction. However, prudent philanthropic planning may also assist in insulating your estate from unnecessary government taxes. For example, philanthropy may offer income tax deductions, avoid capital gains tax, and reduce the amount of taxes you or your estate may owe when you die.
There are several ways to incorporate philanthropy into your financial planning. The most common are bequests. You can name a charity as a beneficiary in your will, designate a charity as a beneficiary of your retirement plan or life insurance policy, or, if your gift is substantial, you can establish a private foundation, community foundation, or donor-advised fund.
Scott White Advisors develops strategies to help clients support the charitable organizations that reflect their passions and belief systems. White also routinely fields questions about philanthropic planning and makes presentations on charitable giving.
Scott White Advisors is located at 1510 Royal Palm Square Boulevard, Suite 102, Fort Myers, Florida 33919; telephone (239) 936-6300. Securities offered through Raymond James Financial Services, Inc., member, FINRA/SIPC. Scott White Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services. Investment Advisory Services are offered through Scott White Advisors, LLC. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Raymond James is not affiliated with any of the above listed organizations.