Charitable Remainder Trusts
Charitable Remainder Trusts are irrevocable trusts designed to receive a person's assets and make variable or fixed lifetime annual payments to the donor and spouse. At the termination of the trust the remainder interest in the trust goes to the charity or charities of the donor's choosing.
Charitable Remainder Trusts allow donors to make substantial deferred charitable gifts, avoid capital-gains tax, receive a current charitable income-tax deduction, and receive an increased life income which also might be eligible for favorable tax treatment each year.
Contact a staff member for additional information on Charitable Remainder trust.