Charitable Remainder Trust

02 March 2010 Categories: All Blogs, Estate Planning

Charitable Remainder Trust (CRT)

A charitable remainder trust (CRT) is a tool used in estate planning that allows a person to place some of your assets (such as real property, bank accounts, and cash) into a trust account. The value of these assets is then paid out to either you or an appointed person or entity on a regular schedule. The type of schedule can either be a fixed dollar amount (annuity trust) or a variable amount based on a percentage (unitrust). The balance of the trust is paid to the designated charity or non-profit organization upon your death.

The charitable remainder trust has certain tax advantages as well. We recommend that you contact an estate planning specialist to see if a charitable remainder trust is right for you.

Contact us today to schedule your free consultation to discuss charitable remainder trusts and other estate planning tools that might fit your needs.

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