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Charitable Remainder Trust  

 

Charitable giving can be the answer to your income needs. Not only can you benefit yourself, but you can also benefit your family and leave behind a legacy. A Charitable Remainder Trust (CRT) is an irrevocable trust designed to convert an investor's highly appreciated assets into a lifetime income stream without generating estate and capital gains taxes. CRT's have become very popular in recent years because they not only represent a valuable tax-advantaged investment, but also enable you to provide a gift to one or more charities that have special meaning to you.

Potential CRT benefits:

  • Eliminate immediate capital gains taxes on the sale of appreciated assets, such as stocks, bonds, real estate and just about any other asset.
  • Reduce estate taxes of up to 55% that your heirs might have to pay upon your death.
  • Reduce current income taxes with a sizable income tax deduction.
  • Increase your spendable income throughout the rest of your life.
  • Create a significant Charitable Gift.

Avoid probate and maximize the assets your family will receive after your death.

When you establish a CRT, you or another beneficiary, such as your spouse or another family member, receive income from the trust for life or for a term of up to 20 years.

When the trust ends, the remaining assets pass to the Computer History Museum.

 
 

Contact Gary Malone



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