1. Susan owns a painting that was left to her by her grandparents decades ago. She recently learned that it is worth $50,000, which was a surprise to her because she doesn't really like it. Susan has been contemplating making a big gift to her church to expand its support of the homeless. She thinks she'd like to give the painting to the church. She figures that her church can sell the painting and use the proceeds in its homeless project. You are her financial advisor. Is this a good idea?

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As a financial advisor I would recommend considering several factors before making a decision 1 Tax ... View the full answer