Wisconsin Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years provide individuals with a valuable tool for charitable giving and estate planning. This particular form of trust allows individuals to support their preferred charitable causes while still benefiting from an income stream during their lifetime. In Wisconsin, there are several types of Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years. These include: 1. Charitable Remainder Annuity Trust: This type of trust allows individuals to receive a fixed amount of income from the trust assets for a specified term of years. At the end of the term, the remaining assets in the trust are distributed to the designated charitable organization(s). The fixed income amount received by the individual remains constant regardless of the trust's investment performance. 2. Term of Years Trust: This trust establishes a fixed term in which the individual receives income from the trust assets. The length of the term can be a specified number of years or based on the life expectancy of the individual or a chosen beneficiary. At the end of the term, the remaining assets are distributed to the designated charitable organization(s). Wisconsin Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years offer several benefits. Firstly, individuals can receive a stable income stream for a specific period while also leaving a lasting charitable impact. Secondly, this type of trust provides potential tax advantages. Charitable contributions made through a testamentary trust allow individuals to reduce their taxable estate while benefiting from an income tax deduction. Additionally, the capital gains on assets contributed to the trust are exempt from taxation. To establish a Wisconsin Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years, individuals should consult with their attorney or estate planner. The trust document should outline the specific terms and provisions, including the named charitable organization(s), the fixed income amount or term length, and any additional instructions or conditions. In summary, Wisconsin Testamentary Provisions for Charitable Remainder Annuity Trust for Term of Years offer a powerful tool for individuals seeking to support charitable causes while still enjoying the benefits of an income stream during their lifetime. These trusts provide numerous advantages, including tax savings and the ability to leave a lasting philanthropic legacy. Consulting with an experienced attorney or estate planner is crucial to ensure the trust is properly established and aligns with individual goals and desires.