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What is a Charitable Remainder Trust & How can it Benefit You?

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A charitable remainder trust permits you to make contributions to the trust and be eligible for a partial tax deduction, based on the CRT’s assets that will pass to charitable beneficiaries. By establishing a CRT, you can bypass capital gains tax. The trust will sell your property and then reinvest in assets that produce increased income for you and your loved ones. Best of all, you will receive a current charitable deduction for your gift of the remaining value in the trust that will go to charity.

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