Acosta Bentonville ’s Post

Discover how small business owners can make a meaningful impact through charitable giving. Explore tax benefits, community engagement strategies, and ways to align donations with your brand and values. 🔍 Take a look at these tips: https://hubs.li/Q02DMf_r0

Fire Investigation Master Class - Unlocking the Power of Artificial Intelligence (AI) using Kirk's Fire Analysis(tm) Methodology

Michael Bradley. Marque Lawyers An organisation with just two people (Michael Bradley being one) on the board (apart from Grace Tame) and an advisory panel of just one person (Michael Salter) who also is a member of the board. Why call it an advisory panel when it is just one person - have they ever thought of advisor? Why have it when that ‘advisory panel’ is also a board member? Apparently over 50% of the revenue is spent on legal fees which is not within its stated ‘intentions’ - read the article to pick up the flavour of this. And annual accounts are always lodged late - so find out about FY 23 in May 24??? Maybe UNSW Business School can tell us about this in terms of good governance practise. Maybe Marque Lawyers or UNSW Law can tell us about this in terms of good legal practise.

💡 Tip: You can include charitable donations in your estate plan through options like bequests in your will, charitable trusts, or beneficiary designations on financial accounts. These strategies not only support your favorite causes but may also reduce estate taxes, maximizing the impact of your gift. Reach out to us to explore the best options for your financial situation. #estateplanning #philanthropy

💡✨ One tax-saving secret! Yes, diligently tracking your charitable donations all year long could lead to substantial tax benefits 💰 Make your generosity count on both ends—help others while boosting your financial well-being. Want to learn more? Book a free session with one of our consultants today: linktr.ee/clubfinfitna #TaxTip #GiveBack #FinancialWisdom #TaxTips #FinancialFitness #TheFinancialFitnessTeam

Setting up investments under trust or investments that can attract Business Relief (BR) and gifting, are three possible considerations when providing advice to clients on how to properly plan their estate to protect assets and mitigate inheritance tax (IHT). Although a client who lacks mental capacity cannot settle a trust, their attorneys or deputy can, on behalf of the client, make larger investments attracting BR and/or gifts (including to themselves) but only if it can be unequivocally demonstrated that in doing so so, the client’s (donor’s or P’s) own lifelong financial position is not jeopardised and their later life needs are fully met. For larger gifts that are not permitted under s.12 of the Mental Capacity Act 2005, a Court order will be required and, in the case of BR investments, is recommended, before implementation. This article by Mary Rimmer TEP of Brachers LLP clearly explains gifting on behalf of a client who may have lost mental capacity. In my view, estate planning for clients who lack mental capacity, needing to ensure their later life care needs are fully funded and guaranteed, is an area of advice that needs specialist knowledge and a collaborative approach between the financial planner/later life adviser, and a lawyer. #FinancialPlanning #IHT #LaterLifeAdvice Society of Later Life Advisers The Association of Lifetime Lawyers STEP – Advising Families Across Generations

Tomorrow is #NationalNonprofitDay, so we’re highlighting the announcement of our 2024 charitable partners: Feeding Northeast Florida, Community Kitchen and Hundred Nights! Read more about their important missions here: https://lnkd.in/e7iDHRjp #msainsurance #protectingmainstreet

We're sharing our Trustees’ Annual Report and Financial Statements for the year ending 31 March 2023. ‘Purposeful and Empowering’ describes how we connect professionals across the charity finance community, convene influential networks, and support charitable organisations in strengthening their financial resilience. https://loom.ly/kMsv7g8

Curious about reducing Inheritance Tax? Our latest blog, written by our Private Client Consultant Solicitor, Judith Derbyshire covers effective strategies, from annual exemptions to charitable donations. Discover how to protect your estate and maximise benefits legally. Don’t let IHT take more than it should. https://lnkd.in/eGr2tPvr #EstatePlanning #InheritanceTax #TaxTips

This article from the The Association of Lifetime Lawyers, which has been written by Mary Rimmer TEP of Brachers LLP, provides a very clear explanation of what a deputy or attorney can or can’t do in terms of gifting on behalf of the donor or P. The issue of gifting is invariably a key component of the advice that we provide to clients who are seeking to plan their estate and pass wealth to their families, but recognising the need to meet later life needs and comply with the requirements imposed under the Mental Capacity Act 2005 (MCA). Our team has the specialist knowledge and qualifications to support lawyers in making applications to the Court of Protection for gifts that are outside the scope of s.12 of the MCA and ensure the inherent conflict between estate planning and later life care fees planing is properly reconciled for the client. If you are a lawyer, advising clients on gifting where there is a need to demonstrate to the Court that a large gift will not jeopardise the donor’s/P’s long term care needs, or where a Business Relief investment might be suitable, please contact our in-house Society of Later Life Advisers accredited later life adviser, Robin Melley, TEP, Chartered MCSI, FLIBF, for an initial discussion on how we can help provide a safe pair of hands. #FinancialPlanning #FinancialAdvice #CashflowForecast STEP – Advising Families Across Generations The Law Society CILEX