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Setting up a foundation: Giving thought to giving it away

By Sarah Murray

Published: March 23 2007 17:02 | Last updated: March 23 2007 17:02

When wealthy individuals start thinking about how to give their money away, the technicalities can seem daunting.

What registration processes are involved? What is the most tax efficient vehicle for the money? Who should be on the board of trustees of the proposed entity? However, advisers and experts say that, before looking at the financial and legal details, potential donors should be thinking about more fundamental issues.

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