What is a Charitable Remainder Trust and How Are They Taxed?

Key Takeaways

Charitable Remainder Trusts provide:

  • Income and Tax Benefits: Offers an income source while enabling significant tax deductions.
  • Asset Management: Facilitates the transfer of assets to a trust for charity and personal gain.
  • Philanthropic Goals: Supports charitable causes after fulfilling the income period.

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A significant benefit of Charitable Remainder Trusts is that they allow the opportunity for donors to know they will be giving financial support to a favored charity in the future. Charitable Remainder Trusts are commonly used for the purpose of planned giving within a thoughtful and holistic financial plan.

Alliance administers many different kinds of Charitable Remainder Trusts. Learn more about how they are taxed differently than other types of trusts in this article.

Continue reading What is a Charitable Remainder Trust and How Are They Taxed?

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