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President of Investments, Global Wealth Advisors
As a professional Financial Advisor, George Divel is passionate about a strict client-first philosophy in all of his business practices. Knowing that each client is different, with individual resources and financial goals, George Divel is proud to offer the finest personalized financial services as President of Investments at his company, the Baltimore, Maryland-based Global Wealth Advisors. At Global Wealth Advisors, George Divel and his team believe in assisting all of their clients in every aspect of their financial lives. With a true, hands-on approach to financial guidance, Global Wealth Advisors is built on the principle that a client’s education and understanding of his or her current financial situation is of the utmost importance to successfully navigating the investment landscape. With this in mind, George Divel works one-on-one with each of his clients to ensure awareness of every step in the process. Prospective clients can visit the Global Wealth Advisors website at www.globalwealthadvisors.net to learn more about George Divel or browse the many tools available to them. By clicking the “Get a Quote” link, future investors can receive quotes on annuities and insurance policies, or they can browse the “Information” section for links to helpful information on a variety of subjects, including investments, retirement, estate planning, and taxes. As President of Investments, George Divel oversees all investment operations of the company, specifically the investment accounts of each client. Mr. Divel lives and works in Baltimore, Maryland.
George Divel's Publications
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The Importance of Keeping Records of One's Charitable Donations
May, 2012
As President of Investments and a Financial Advisor with Global Wealth Advisors in Baltimore, Maryland, George Divel understands many elements of financial planning. One area that George Divel’s firm specializes in is charitable gifts.
While performing philanthropy offers intangible benefits, it can provide the donor with financial gains as well. Giving to charities and non-profit organizations can reduce one’s end-of-the-year tax obligation. However, in order to write off one’s contributions, the giver must keep proper and accurate documentation that comply with federal regulations.
The Internal Revenue Service requires a bank record or written acknowledgment that describes the gift, its value, and whether the charity provided any consideration for it. If so, the amount of the consideration is subtracted from the total deduction. Additionally, the contributor must obtain a valid appraisal of non-cash contributions worth more than $5,000 within 60 days of presenting the gift and include this paperwork with his or her tax return.
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