One method of making a gift that creates an income stream is a charitable remainder trust. Benefits include:
A gift to a charitable remainder trust qualifies for an immediate income tax deduction, even though income will be paid to you (and/or other beneficiaries) for life. The exact amount of the charitable deduction depends on the:
Despite the tax and financial benefits of a charitable remainder trust, you should consider this kind of arrangement only if you and your advisors determine it is compatible with your overall estate, tax, and financial plan.
For more information about charitable remainder trusts contact us.
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