Charitable Remainder Trusts

A CRT is a planned gift where a donor irrevocably transfers cash, appreciated securities or real property into a special type of tax-exempt trust. Donors will receive fixed or variable incur for life and a substantial income tax deduction. Because a CRT is exempt from income taxes, it can actually sell property tax-free. A CRT is an excellent solution for charitably inclined donors who desire to sell an appreciated asset but do not want to pay capital gains tax. By transferring the property into a CRT, the trust may sell the contributed property and purchase new property without the payment of any capital gains tax. A CRT is also ideal for donors who desire additional retirement income and for donors who have a significant tax liability in the current tax year.