Charitable Remainder Trust

外汇网2021-06-19 13:53:54 123

A tax-exempt irrevocable trust designed to reduce the taxable income of inpiduals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity.

The whole idea of a charitable remainder trust is to reduce taxes. This is done by first donating assets into the trust and then having it pay the beneficiary for a stated period of time. Once this time-frame expires, the remainder of the estate is transferred to the charities deemed as beneficiaries.

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