David and Marisol Gift Appreciated Stocks and Save on their Taxes
It took David some time to find his bearing and start building his life. Now he is successful in all aspects of his life, and his biggest accomplishment has been marrying Marisol, the love of his life.
Marisol understands David’s commitment to helping those struggling or who have had less favorable circumstances in their life. When they started working with their financial advisor Craig to help organize and guide their finances, Craig noticed the amount of cash gifts that David and Marisol were giving. During their discussion, Craig asked if they had ever considered gifting their highly appreciated stock rather than cash.
choices he had made. Craig told them they could give the stock as a gift, get a full market tax deduction, and buy the stock back the same day. Now David and Marisol can give more because they save on taxes while doing good in our community.