Estate Planning Red Flag – You’re donating appreciated assets to charity

Description

Abstract: Charitably inclined individuals likely know that donations of long-term appreciated assets, such as stock, have an advantage over cash donations. But in some cases, selling appreciated assets and donating the proceeds may be a better strategy. That’s because adjusted gross income limitations on charitable deductions are higher for cash donations. This brief article details the ins and outs of donating appreciated assets to charity.