Savant Blog

Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.

12 Dec
December 12, 2007

Do you want to simplify your charitable giving plan?  Do you want the benefits of a family foundation without all of the complicated regulations?  If you answered yes, you may want to consider using a Donor Advised Fund (DAF).

DAFs have become very popular in recent years. The concept is quite simple.  An investor (donor) can open an account at a sponsoring company.  Fidelity and Vanguard each offer DAF accounts.  Our local community foundation also offers a DAF.  Once

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10 Dec
December 10, 2007

I will never forget the year Mom received “Buttercup.”  She had religiously collected every ornament from Hallmark’s Mary’s Angels Collection.  But she missed Buttercup one year.  She had come to accept the fact her collection would never be complete.  When she opened her gift and identified the lost treasure, she cried tears of joy.

Ask any child if they would prefer to get a gift or give a gift, the answer becomes abundantly clear.  However, as we mature into young adults

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07 Dec
December 07, 2007

Having spent 22 plus years in the financial services industry, one of my greatest challenges has been to get clients to complete their estate plan.  The development of an estate plan usually involves an attorney drafting a will or living trust to direct the disposition of individual’s assets upon death.  I don’t know if it is the cost of having a plan drafted (usually between $500 -$1,000 for a will or $2,000-$5,000 for a living trust) or that it forces

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19 Nov
November 19, 2007

Welcome to SAVANTips!  I am excited to post the inaugural message on my and my Savant colleagues’ new blog.  We intend to opine on a variety of investment, financial, lifestyle, and other topics of interest.  Some postings will discuss current events while others will convey timeless wisdom.  We will also try to capture the thoughts and concerns on our advisory clients’ minds and share them with all our readers.

We hope SAVANTips will be unique.  While I will share an occasional

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11 Jan
January 11, 2007

Did you know that the federal government has established guidelines for gift tax exemptions and gift tax rates for all property? While these guidelines are generous– everyone has a lifetime gift tax exemption of $1,000,000– it’s still important for you to understand them.

In 2007 and 2008, the IRS determined that gifts under $12,000 per person, per year, were exempt from a federal gift tax.  Gifts over the annual $12,000 per person limit are called “taxable gifts.”  In the

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