What are the benefits of a charitable remainder trust?
By creating a charitable remainder trust, you may: · Qualify for an immediate federal income tax deduction based on a portion of the value of the gift. · Avoid capital gains tax on appreciated property used to fund the trust. · Provide income for life or a term of years to the beneficiary (ies) you select (yourself, spouse, friends, adult children). · Reduce your estate tax liability by removing assets from your estate.
