Charitable Planning
For those who wish to help others by making a substantial
charitable gift, but want to retain some benefit for themselves,
Charitable Remainder Trusts (CRTs) can be an attractive option.
These trusts are generally funded by appreciated stock or real
estate, and provide that the trust grantor retains a right to an
income stream from the trust for a period of years or the grantor’s
lifetime. When the trust terminates, the assets are paid to the
designated charity. Income, gift and estate tax deductions are
available for gifts to a CRT.
Charitable Lead Trusts (CLTs), on the other hand, provide for annual
payments to a charity during the term of the trust, with the trust
principal generally passing on to the grantor’s children when the
trust ends.
For those who wish to make substantial charitable gift, and retain some control over how the funds are ultimately distributed, a private foundation is an option. These charitable vehicles can provide a good way to have younger family members become involved in philanthropy by naming them to the board of directors.
They are many options available when designing a charitable trust or foundation,
and the attorneys at TrustCounsel, P.A. have the knowledge and
experience to assist you in designing a trust that meets your
personal and charitable goals.
Please contact us today or call us
at 800-201-0413
Email:
info@trustcounselpa.com |
