A fresh look at charitable remainder trusts

Description

Abstract: Those who are charitably inclined but concerned about having sufficient income to meet their needs may find that a charitable remainder trust (CRT) is the answer. A CRT allows donors to support a favorite charity while potentially boosting their cash flow, shrinking the size of their taxable estate, and reducing or deferring income taxes. This article explains the basics of a CRT and the investment advantages. A sidebar shows how a CRT provides the ability to control the income flow to suit the donor’s needs, which can be helpful in retirement planning.