CHARITABLE REMAINDER TRUST

A Charitable Remainder Trust (CRT) can eliminate paying capital gains taxes on the sale of appreciated assets. But that’s not all; the benefits go far beyond avoiding taxes.

You gain additional income in most cases for as long as you, and even you and your spouse live. Monies that would have normally gone to taxes are eventually left to a charity a school or a religious organization that you choose. The best part of all is that you get to decide where those monies ultimately go, not the government, even if to a family foundation.

So, you have a choice, sell your assets outright and share the gains with the government in the form of immediate taxes (or) retain the monies, use them to provide a lifetime income for you, your spouse or partner and receive an immediate tax deduction. In the end you decide where those monies will eventually go—even to your own family foundation should you so choose.