Charitable Remainder Trusts

A Charitable Remainder Trust (CRT) is a financial arrangement that allows individuals to donate assets to a trust while retaining income from those assets for a specified period. After that period, the remaining trust assets are given to one or more charities. This setup provides donors with potential tax benefits, as they may receive a charitable deduction while still enjoying income from their assets during their lifetime. CRTs can be a valuable option for those looking to support charitable causes while managing their financial needs effectively.