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Charitable Remainder Trust
A Charitable Remainder Trust (CRT) combines philanthropic giving with strategic financial planning. It provides an income stream to you or your beneficiaries for a set term, with the remaining assets passing to a designated charity.
Key Benefits
- Generates an immediate partial tax deduction
- Allows tax-free sale of highly appreciated assets (like stock or real estate)
- Provides a steady, predictable income stream for life
- Supports causes and charities that matter to you
Often Used For
PhilanthropyEstate PlanningCharitable Contributions
Common Use Case
Ideal for someone holding a highly appreciated property who wants to sell it without massive capital gains tax, receive lifelong income, and ultimately donate to charity.
Cost Expectation
Complex to set up and requires annual tax filings; usually reserved for significant asset transfers.