Charitable Trust
Charitable Trust
What is a Charitable Remainder Trust?
A charitable remainder trust (CRT) is a type of trust that provides income to the trust’s beneficiaries for a specified term of years or for their lifetimes. Upon the termination of the trust, the remainder of the trust’s assets are distributed to one or more charitable organizations.
How it Works
1
An individual transfers assets into the trust.
1
An individual transfers assets into the trust.
3
The trust provides beneficiaries with an income for a set term or for life.
3
The trust provides beneficiaries with an income for a set term or for life.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
Benefits
Benefits
Benefits
Benefits
Provides income to the beneficiaries for a specified term of years or for their lifetimes.
Allows the individual to make a significant charitable gift and receive an income tax charitable deduction.
Provides an opportunity for the individual to reduce estate taxes and minimize capital gains taxes.
What is a Charitable Remainder Trust?
A charitable remainder trust (CRT) is a type of trust that provides income to the trust’s beneficiaries for a specified term of years or for their lifetimes. Upon the termination of the trust, the remainder of the trust’s assets are distributed to one or more charitable organizations.
How it Works
1
An individual transfers assets into the trust.
1
An individual transfers assets into the trust.
3
The trust provides beneficiaries with an income for a set term or for life.
3
The trust provides beneficiaries with an income for a set term or for life.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
What is a Charitable Remainder Trust?
A charitable remainder trust (CRT) is a type of trust that provides income to the trust’s beneficiaries for a specified term of years or for their lifetimes. Upon the termination of the trust, the remainder of the trust’s assets are distributed to one or more charitable organizations.
How it Works
1
An individual transfers assets into the trust.
1
An individual transfers assets into the trust.
3
The trust provides beneficiaries with an income for a set term or for life.
3
The trust provides beneficiaries with an income for a set term or for life.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
2
The trust sells the assets and invests the proceeds in a diversified portfolio.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
4
When the trust ends, the remaining assets are distributed to charitable organizations.
See Common Question and Answer
See Common Question and Answer
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How secure is my financial data on your platform?
We prioritize the security and privacy of your financial data. Our platform utilizes industry-standard encryption protocols to protect your information during both transmission and storage.
Can I use your SkinnyTax Software on multiple devices?
What happens if I forget my password?
Can I cancel my subscription at any time?
Are there any hidden fees in your pricing plans?
How secure is my financial data on your platform?
We prioritize the security and privacy of your financial data. Our platform utilizes industry-standard encryption protocols to protect your information during both transmission and storage.
Can I use your SkinnyTax Software on multiple devices?
What happens if I forget my password?
Can I cancel my subscription at any time?
Are there any hidden fees in your pricing plans?
How secure is my financial data on your platform?
We prioritize the security and privacy of your financial data. Our platform utilizes industry-standard encryption protocols to protect your information during both transmission and storage.
Can I use your SkinnyTax Software on multiple devices?
What happens if I forget my password?
Can I cancel my subscription at any time?
Are there any hidden fees in your pricing plans?
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