Charitable Remainder Trust

Post Date:March 20, 2017

One type of Charitable Remainder Trust (Charitable Remainder Unitrust)  may serve as a potential inflation fighter since the trust is revalued annually and may provide increased income in later years

Similar to a charitable gift annuity, the charitable deduction is dependent upon the age(s) of the beneficiary (ies) and the payout rate. Some trusts may be established for a term of years.

This technique offers these benefits:

  • Annual income for life
  • Immediate charitable contribution deduction
  • Removal of asset from estate
  • Ability to avoid capital gains tax and reduce tax liability
  • Ability to select the Trustee and offer investment management guidelines
  • Potential inflation fighter since trust growth beyond payout can provide increased income in later years

Similar to a charitable gift annuity, the charitable deduction is dependent upon the age of the beneficiary.

If you’d like to speak with a member of our staff, please contact us at (800) 424-8200, ext. 789. We’re also happy to work with your attorney or financial planner.