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.
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.