Charitable Remainder Trust

A charitable remainder trust (CRT) can be a great way for you to leverage your generosity. A CRT permits you to make a gift of your appreciated property and receive payments for a life, two lives, or a term of years. The trust will sell your property tax free and then reinvest in assets that produce increased income for you and your loved ones. Tax savings may be generated because you receive an income tax deduction for the charitable portion of the trust, and you may avoid capital gains tax when appreciated assets held more than a year are donated. Charities like Turning Point benefit substantially from what remains in the trust after all the trust payments have been made.

Charitable Remainder Unitrust

Stock or Cash

Unitrust

Donor

Turning Point

A CRT Can Be Created One of Two Ways:

• An inter vivos CRT is created and funded during the donor's life. An inter vivos CRT is used primarily to provide income security to the donor and/or the donor's spouse.
• A testamentary CRT is funded at the donor's death through a will or living trust. A testamentary CRT is used to provide benefits to heirs and reduce the donor's taxable estate

Contact us

If you have any questions about a charitable remainder trust, please contact us. We would be happy to assist you and answer any questions you might have.