February 2014 Posts

  • Charitable Estate Planning Part II - Charitable Remainder Trusts (CRTs) - Leave Your Legacy to Loved Ones & Charities; not to Uncle Sam

    The Charitable Remainder Trust ('CRT') permit you to transfer ownership of assets to an irrevocable trust in exchange for an income stream to the person or persons of your choice (typically you, your spouse, or you and your spouse) for life or for a specified term of up to 20 years. With the most common type of Charitable Remainder Trust, at the end of the term, the balance of the trust property (the 'remainder interest') is transferred to a specified charity or charities. Charitable Remainder Trusts reduce estate taxes because you are transferring ownership to the trust of assets that otherwise would be counted for estate tax purposes....
  • Charitable Estate Planning Part I - Charitable Lead Trusts (CLTs)--Leave a Legacy to Charity & Loved Ones; not to Uncle Sam

    The Charitable Lead Trust is a type of charitable trust that can reduce or virtually eliminate estate taxes that might be imposed on wealth passing to heirs. Clients use this attractive planning tool to ensure their estates pass to their loved ones and those charitable organizations in which they believe rather than passing to the government through taxes....