Charitable Remainder Trust

Similar to a charitable gift annuity, a Charitable Remainder Trust (CRT) pays you income for life. It is usually created with amounts of $100,000 or more. This is an especially attractive option if you seek to generate additional income from your donated asset, and the income stream created may be for one or more lifetimes or for a fixed number of years. Not only do you remove the contributed asset from your estate, you benefit from both an immediate charitable income tax deduction and long-term capital gains tax liability.

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