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What is the difference between a charitable remainder trust and a revocable living trust?

April 26, 2017charitable Living trust remainder Revocable Trust

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What is the difference between a charitable remainder trust and a revocable living trust?

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A charitable remainder trust is irrevocable and cannot be changed once it is created. That is why you receive a favorable income tax deduction when you establish a charitable remainder trust. A revocable living trust can be altered during your lifetime.