Charitable Remainder Trust (CRT)

A Charitable Remainder Trust (CRT) is a financial arrangement where you transfer assets into a trust, which then pays you income for life or a set period. After the income period ends, the remaining assets go to a designated charity. This setup provides you with guaranteed income, potential tax benefits, and a way to support your chosen charity while managing your estate. Essentially, a CRT helps you generate income during your lifetime and leaves a lasting philanthropic legacy.