Key Takeaways
Charitable Remainder Trusts offer:
- Tax Benefits: Allows for income tax deductions and potential elimination of capital gains tax.
- Income Stream: Provides a source of income for the donor or other beneficiaries.
- Philanthropic Impact: Enables significant charitable contributions, benefiting chosen causes in the long term.
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Charitable Remainder Trusts are a type of charitable trust. In a Charitable Remainder Trust (CRT), a portion of the assets in the trust are distributed to an income beneficiary. The remainder of the assets in the trust are then donated to one or more charitable beneficiaries.
There are many different types of Charitable Remainder Trusts with advantages and disadvantages to each option. In this post, we explore a few different types of Charitable Remainder Trusts and what each option could do for you.
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