Cash flow control – Design a CRT as a “spigot trust” to manage income stream

Description

Abstract: A charitable remainder trust (CRT) is a flexible tool that can facilitate a variety of estate and financial planning strategies. If a person doesn’t need the income from a CRT right away, he or she can design it as a “spigot” trust, which allows the assets to grow tax-deferred until he or she is ready to turn on the income flow, such as at retirement. This article explains the ins and outs of spigot trusts.