What happens to the assets in the CRT Advantage when the owners are no longer living?
Usually, if a donor has a traditional (older version) Charitable Remainder Trust (CRT), after the owners are no longer living, the remainder interest (assets that still remain in the trust) goes to charities. And thats it, the END. The income stream to any and all charities stops. In the new CRT Advantage with The American Foundation, when the owners are no longer living, the remainder interest is transferred to their Family Foundation account at The American Foundation. This results in the creation of a family legacy for future generations. Their Family Foundation account will be guided by their heirs to carry out their wishes and continue to benefit worthwhile philanthropy in perpetuity. This is another of the many unique benefits that you and your family receive when working with The American Foundation for your Family Foundation planning – perpetual philanthropy in your family name.
