In this episode, Jerry Davidse discusses the benefits and workings of donor-advised funds (DAFs) for charitable giving, especially as the year-end approaches. He explains how DAFs can simplify and enhance the effectiveness of charitable contributions, offering immediate tax deductions and investment growth opportunities.

Key takeaways:

• Donor-advised funds simplify charitable giving.
• DAFs offer immediate tax deductions.
• Investments in DAFs grow tax-free.
• DAFs allow flexible grant payouts.
• Batch multiple years of contributions with DAFs.
• DAFs are ideal for high-income years.
• DAFs provide a single annual statement.
• No need to save donation receipts with DAFs.
• DAFs benefit both donors and charities.
• Discuss DAF benefits with financial advisors.

#donoradvisedfunds #charitablegiving #taxdeduction #Fidelity

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Connect With Jerry: Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/ Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Welcome to Tips and Tricks for Today and Tomorrow, hosted by Brian Henrysen Jr., CFP®.

Today, we’re tackling a question we have been hearing more often:

👉 Should parents gift their home to their children while they’re still living in it—or hold onto it long term?

It’s a generous idea, but it can come with serious tax consequences if not carefully planned.

In this episode, Brian covers:

Cost Basis Basics: Why inheriting the original purchase price can lead to big tax bills.

🔑 Real Example: A $250,000 home bought in 2000 now worth $1 million—and the tax differences between gifting vs. selling.

🔑 IRS Section 121 Exclusion: How a married couple can exclude up to $500,000 of gain when selling a primary residence.

🔑 The Step-Up in Basis Advantage: Why waiting until inheritance could save your family $100,000+ in taxes.

🔑 Smart Planning: Factors like your parents’ tax bracket, financial needs, and your own situation.

Key Takeaway: Good intentions don’t always equal good outcomes. Before gifting property, talk through the full financial impact.

If you or your parents are considering gifting property, let’s have a conversation. Together, we can explore the smartest, most tax-efficient decision for your family.

👍 Like this video if it helped you.

💬 Drop a comment with your thoughts or questions.

🔔 Subscribe to Tips and Tricks for Today and Tomorrow for more insights.

#EstatePlanning #TaxTips #FinancialPlanning #RealEstate

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Connect With Brian:

Brian Henrysen Jr., CFP®

Financial Planner, Presilium Private Wealth

Email: Brian@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/brianhenrysenjr

Meet Brian: https://www.presiliumpw.com/team_member/brian-henrysen-jr-cfp/

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Jerry Davidse discusses the importance of reviewing clients' tax returns to reduce future taxes, avoid costly mistakes, and provide additional planning options. He explains how Presilium's tax planning software generates reports that aid in planning for Roth conversions, capital gains, Medicare premiums, and more. The software also helps identify errors, as demonstrated by a $220,000 mistake found for a client. Jerry emphasizes collaboration with tax preparers to lower lifetime taxes and encourages clients to reach out for reviews.

In this episode:

• Taxes are often a family's largest lifetime expense.
• Tax returns provide valuable information for future planning.
• Priscilium's software generates easy-to-read tax reports.
• Reports include Roth conversion and capital gains planning.
• Software helps identify costly tax return errors.
• Collaboration with tax preparers is crucial.
• Goal is to lower lifetime taxes and avoid surprises.
• Found a $220,000 error for a client last year.
• Encourages clients to review their tax returns.
• Reach out for questions or tax return reviews.

#taxplanning #presilium #financialplanning

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Connect With Jerry: Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/ Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.