Tax smart giving strategies

By Paula Filler, Legacy Chair

Practical and fun! That is how participants described the Tax Smart Giving Strategies program held at Jewish Federation of Greater Naples on April 3. For many of us with long careers and responsibilities raising children, this is the first period in our lives when we have time to learn about financial matters. It is also the time when so many of us have an opportunity to consider what we want our legacy to be. How can we leave the most wealth to loved ones so that it will not be severely diminished by taxes? And because we want to exercise our Jewish values of charity, what are some of the best tax smart strategies for giving to a not-for-profit?

Our attendees were so pleased that the speakers were truly expert, licensed professionals in estate planning and financial advisory services. They were able to provide information in easy-to-understand plain English rather than the three-letter acronyms so many advisors use that leave us baffled.

Ed Wollman has a busy practice focused on estate planning, trust and probate administration, tax planning, elder law, and charitable giving. Mia Hyatt is a vice president and banker in the Naples office of J.P. Morgan Private Bank, providing financial advisory services. She is a certified financial planner. Jill Hagler, of TOP, has 25 years of experience as a philanthropic advisor in the Jewish community. All three are leaders in our Jewish community. They share your values of generosity and giving back to the Jewish community while protecting families and are devoted to nurturing a culturally rich and safe Jewish life in Greater Naples.

Participants were grateful to receive useful reference materials such as a glossary of definitions and a summary of the many alternative ways to leave a legacy gift to any not-for-profit that was tax smart.

Based on questions that were asked on other financial matters, such as retirement and estate planning, Jewish Federation of Greater Naples will be offering more programs for these topics in the future. If you are interested in attending future programs, please contact Alicia Feldman at AFeldman@JewishNaples.org or me at PaulaPFiller@gmail.com.