Charitable giving can be the answer to your income needs.
Not only can you benefit yourself, but you can also benefit
your family and leave behind a legacy.
If you are like many people today, you own highly appreciated
assets such as real estate or stock that you are reluctant
to sell because of the significant capital gains taxes you
would owe. At the same time, you may be looking for ways to
increase your income or diversify your portfolio. Usually,
that would mean selling those highly appreciated assets, paying
the high taxes and reinvesting with a substantially reduced
amount. Fortunately, there may be a solution to your dilemma
- The Charitable Remainder Trust.
A Charitable Remainder Trust, also known as a CRT, was created
with the tax reform act of 1969. It's an irrevocable trust
designed to convert an investor's highly appreciated assets
into a lifetime income stream without generating estate and
capital gains taxes. CRT's have become very popular in recent
years because they not only represent a valuable tax-advantaged
investment, but also enable you to provide a gift to one or
more charities that have special meaning to you. A CRT can
immediate capital gains taxes on the sale of appreciated
assets, such as stocks, bonds, real estate and just about
any other asset.
estate taxes of up to 55% that your heirs might have to
pay upon your death.
current income taxes with a sizable income tax deduction.
your spendable income throughout the rest of your life.
a significant Charitable Gift.
probate and maximize the assets your family will receive
after your death.
When you establish a CRT, you or another beneficiary, such
as your spouse or another family member, receive income from
the trust for life or for a term of up to 20 years.
When the trust ends, the remaining assets pass to the qualified
charity or charities of your choice.
For additional information, fill out the form on our Request
Free Information Page. You will receive a sample proposal
along with a questionnaire that you can complete and return
for your own FREE customized proposal. Many estate-planning
firms charge $500.00 or more to develop this type of detailed
proposal. Find out if a Charitable Remainder Trust is the
answer to your investment needs.
Click here for FREE information
on Charitable Giving using a CRT.
Harding Financial Services, LLC
The information contained on this site is for educational
purposes only, it is not intended to be professional tax or
legal advise; consult a tax advisor about your specific situation.