Mission Wealth Management, LLC Helps Clients Overcome Personal Challenges
Santa Barbara, CA – Mission Wealth Management, LLC joined forces with The Philanthropic Initiative (TPI) to help educate clients on the benefits of a well-thought out giving plan. They put on a workshop led by Seth Streeter, President of Mission Wealth Management, and Peter Karoff, Chairman and Founder of TPI, which took place on September 13, 2012 at the Santa Barbara Foundation.
The workshop opened by encouraging each guest to “put the oxygen mask on yourself” before creating a giving plan. Once a person has confirmed that they have enough assets and resources to remain financially independent for the remainder of their lifetime, they may desire to create an active plan for giving to others, whether to family members or non-profit organizations, rather than have it be left for the government. However, determining when to give (during lifetime? at death?), who to give to (children? grandchildren? non-profits?) and how to give (cash? stock? property?) can feel overwhelming.
Many people take a responsive approach to their giving. They may give money to a family member when they ask for it, or send a check to a non-profit on December 28 because of a compelling letter they received or a fancy gala they attended, but rarely does this kind of passive approach lead to thoughtful and rewarding giving.
