One of Texas' Top Financial Advisors, Wade Chessman, Co-Authors New Book on The Benefits of Charitable Giving

DALLAS, Nov. 22, 2017 /PRNewswire/ -- Giving Transforms You – 52 Ways Giving Transforms You, Your Family, Your Business and Your Community!, a new book co-authored by Wade Chessman, offers wisdom and practical tips on how to reduce income taxes and create lifetime income to create a greater lifestyle and legacy through charitable giving.

"Financial success and generosity are closely linked together," says Wade Chessman, CFP®.

This new book educates readers on the transformational power and financial benefits of charitable giving using 52 enlightening quotes, illustrations, and short stories. It explores how giving can not only transform an individual, but also their family, their business, and their community.

"Many people are totally unaware that they can benefit themselves, their family and their favorite charity using charitable giving strategies," says Chessman. "These tax incentives have been around since the massive Tax Reform Act of 1969, allowing charitable vehicles that create income tax deductions; income for life; avoid upfront capital gains taxes on the sale of appreciated assets like stock and real estate; and leave a legacy to charity."

Media mogul Ted Turner, according to CNN/Money, used a charitable trust to sell over $130 million of AOL stock. Using a charitable trust, Turner was able to create an income tax deduction, avoid the upfront capital gains tax on the sale of the stock and enjoy an income for life.

Similarly, Roy Disney – nephew of founder Walt Disney and former Vice Chairman of Walt Disney Company – and his wife sold 1.22 million shares Disney stock, worth about $100 million. According to The Los Angeles Times, Disney "sold the shares through two charitable trusts that will provide income to the couple and disburse money to charity after their deaths."

"Tax and financial benefits are rarely the reason our clients give; however, they are nice 'icing on the cake'," reflects Chessman.

Over 9 out of 10 high net worth households in the United States donate to charity, compared to only 6 out of 10 for the general population, according to The 2016 U.S. Trust® Study Of High Net Worth Philanthropy. The study also noted that twice as many of these individuals volunteer their time and talents to charitable organizations.

Chessman continues, "The purpose of the book is to inspire and enlighten readers to the transformational power of giving, even beyond the financial benefits. It really fits well with our mission to show professionals, business owners and women-on-their-own how to make smart choices about their money so they can preserve, protect and pass on their God-given wealth and experience a more joyful, generous and grateful lifestyle and legacy."

Giving is the greatest act that any human being can engage in and holds the power to transform an individual personally – their attitude and their perspective…and even their financial life.

The book is easy to read, fun and educational and includes custom illustrations from four international artists.

For more information and additional resources, go to www.chessmanwealth.com.

Wade H. Chessman, CFP® is a nationally-recognized Financial Educator, Author, Speaker and Financial Advisor, whom you may have seen in CNBC, The Dallas Morning News, Kiplinger's Personal Finance, The Dallas Business Journal, The Dallas Bar Association and others. Chessman is the Co-Author of Giving Transforms You – 52 Ways Giving Transforms You, Your Family, Your Business and Your Community!

As the Founder/CEO of Chessman Wealth Strategies, Inc. at www.chessmanwealth.com and Creator of The Smart Choices™ Wealth Management Solution, he has a passion to show professionals, business owners and women-on-their-own how to make smart decisions to preserve, protect and pass on their God-given wealth so they can experience a more joyful, generous and grateful lifestyle and legacy.

Wade is active with a number of local organizations, including the East Dallas Exchange Club, which assists underprivileged children in the Dallas area and the financial ministry at his church. He and his wife, Dianna, enjoy spending time with their two daughters.

Wade is a warm and passionate communicator with a "down-home" style who loves to share his financial wisdom and insights.

Contact
Wade H. Chessman
214-572-2120 
[email protected]

SOURCE Chessman Wealth Strategies, Inc.