Advisor Spotlight: Stuart Bear
We spoke with Stuart Bear of Chestnut Cambronne about achieving his clients’ charitable goals.
Stuart C. Bear, attorney, is a partner, shareholder and president of Chestnut Cambronne. He specializes in wills, trusts, disability planning, powers of attorney, living wills, asset protection, and Medical Assistance planning. Bear also teaches about wills and estates at the University of St. Thomas School of Law.
A native of Superior, Wisconsin, Bear received his B.A. from the University of Minnesota, Phi Beta Kappa, and his J.D. from William Mitchell College of Law. Bear is a distinguished fellow of the American College of Trust and Estate Counsel. He has also been designated a Super Lawyer, as well as one of the Top 40 Estate Planning Lawyers in Minnesota, by Super Lawyers magazine.
We recently sat down with Stuart and asked him some questions about end-of-year giving and working with the Foundations to identify and achieve his clients’ charitable goals.
Why do you refer your clients to the Saint Paul & Minnesota Foundation?
Many of my clients use a mutual fund company for their charitable giving, which means they have to manage those funds themselves. I encourage my clients to work with the Saint Paul & Minnesota Foundation because of their professional management and oversight of assets, and their knowledge of the community. The Foundation’s gift planners and philanthropic advisors can really tap into my clients’ charitable passion, leaving them feeling excited and empowered about fulfilling their charitable goals and objectives.
What are some tips for end-of-year giving?
From a financial perspective, fourth quarter is a great time to make charitable contributions or gifts. When doing this, be sure to consult with your lawyer or tax advisor to fully understand the recent changes in tax law.
It’s also a great time to start researching where and how you’d like to give — the sooner, the better. If you start the process now, you can give more thoughtful, substantive gifts to the causes and organizations you care about.
You can help your clients make the most out of their gifts with the recent changes to the rules on charitable giving.Learn More
We’re here to help you and your client meet your year-end goals.Learn More
Check out our staff recommendations for articles and podcasts to stay on top of the CARES Act and financial advising.Learn More