Thou Shalt Not …

As gift planners, it’s important for us to know what type of assets work best with certain gift vehicles. Then we can give solid recommendations to the donors and avoid giving them harmful advice.

4. Thou shalt not recommend the donation of inappropriate assets.
Some assets, although necessarily complex, are still appropriate for planned gifts; however, others are inappropriate in nearly every situation. Assets that can be unsuitable for lifetime gifts due to the tax problems they pose are IRAs, commercial annuities, savings bonds and qualified retirement plans.