Donald Trump's tax plan is a long way from being passed by Congress, but it's already changing the way wealthy Americans plan to give and invest.
In anticipation of some of the president-elect's proposals becoming a reality, wealth advisers say their clients are amending their tax strategies to reap the most benefits.
The country's top earners, for instance, currently deduct their charitable gifts at the top rate of 39.6 percent (or 43.4 percent, when accounting for the Obamacare surtax). But Trump has proposed lowering that rate to 33 percent, and limiting deductions to $200,000 per couple.
As a result, wealthy families are front-loading their charitable giving plans.
"Our clients are definitely discussing the potential advantages of charitable gifts in 2016," said Carlyn McCaffrey, partner and co-head of the private client practice at McDermott Will & Emery, in New York.
Karla Valas, a managing director at Fidelity Charitable, said she has seen a similar uptick in calls from donors and investors.
"This year, more than ever, a year-end meeting with your financial adviser is important to be sure that you are maximizing your giving, and that you take the opportunity to discuss your philanthropic plans looking ahead as much as four or five years," Valas said.