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Kiplinger
Kiplinger
Business
Mark Froehlich, CPA, MBA

How to Strengthen Your Charitable Impact and Legacy Amid the Great Wealth Transfer

Boy unwrapping gift from his wealthy grandparents .

Picture a family sitting around the table for Thanksgiving dinner. They chat, laugh and enjoy the thoughtfully prepared meal. As they finish, the conversation shifts to what each family member is thankful for. They talk about gratitude in the context of family values and decide which charities to support during the holiday season.

Conversations like this can engage children in charitable giving early on. And while every family's discussion will be different, taking this kind of intentional approach is an essential first step in building and maintaining a lasting charitable legacy.

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