Gifting strategies are important wealth management decisions. As independent financial advisors, we partner with you to develop a plan to distribute personal assets and address financial needs throughout your life.

Gifting to Adult Children

Monetary gifts to your children can create nest eggs for the future and reduce burdensome expenses. Here are several ways to approach giving family gifts:

• Fund retirement accounts: Contribute to a retirement account as a long-term benefit for your children.
• Cover education or medical expenses: Pay college tuition bills or pay off student loan debt. Relieve the obligations of existing medical bills.
• Provide annual gifts: Set up an annual cash payment for your heirs.

We cultivate strategies that aim to work for your family now and in the years to come.

Gifting to Charity

You have the option to donate your wealth to charitable causes. While you can gift funds to charities in your lifetime, naming an organization as the beneficiary of your assets is a good solution for charitable giving. Did you know that you can gift your Required Minimum Distribution directly to a qualified charitable organization? A qualified charitable distribution is not included in your taxable income.  We are happy to work with you in collaboration with your CPA to discuss possible tax beneficial strategies.

Your Partner in Wealth Management

At Distinct Wealth Management, we assist with your financial goals and design strategies for wealth transfers. We have the knowledge to make personal asset management a smooth and efficient process.  Contact us to schedule an appointment.