When you are engaged in inheritance planning you are usually going to be drawing up a list of recipients, and of course the names of your loved ones will comprise that list. But many people feel as though they would like to include a charitable organization or organizations as well, and there are a number of estate planning vehicles that are commonly used to enable efficient charitable giving. Many of them can provide you as the donor with some benefits in your own right, and one of these is … [Read more...] about Charitable Remainder Trusts: A Philanthropic Option
Charitable Remainder Trust
Advantages of a Charitable Remainder Trust
For many people an important part of advanced estate planning is providing funds for a charity close to their heart. If you want to use your estate plan for a bit of charitable giving, a charitable remainder trust may be a great option. This Irrevocable Trust provides many benefits to you and your estate while also helping you help others. Save on Taxes When you create a Charitable Remainder Trust you can save money on three different types of taxes. First, you will receive an income tax … [Read more...] about Advantages of a Charitable Remainder Trust
