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A charitable lead trust (CLT) is like the reverse of a charitable remainder trust. This type of trust disperses income to a named charity, while the noncharitable beneficiaries receive the remainder of the donated assets upon your death or at the end of a specific term, similar to a CRT.

With a CRT, the donor must pay tax on the income stream, which is categorized into four tiers: (1) Ordinary income and qualified dividends, (2) capital gains (short-term, personal property, depreciation, long-term gain), (3) other tax-exempt income; and (4) return of principal.

Any income that you receive from your charitable trust could reduce the total contribution that you end up leaving to your charity. You may risk leaving nothing to your charity if you plan to receive high payments from the trust while you're alive.

Charitable remainder annuity trusts (CRATs) and charitable remainder unitrusts (CRUTs) have a number of characteristics in common. The trust must be irrevocable; there can be no possibility that the remainder will revert to noncharitable beneficiaries.

A CRT lets you convert a highly appreciated asset like stock or real estate into lifetime income. It reduces your income taxes now and estate taxes when you die. You pay no capital gains tax when the asset is sold. It also lets you help one or more charities that have special meaning to you.

Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed. Charitable remainder unitrusts (CRUTs) distribute a fixed percentage based on the balance of the trust assets (revalued annually), and additional contributions can be made.

Disadvantages of CRT :Big back and take up space on a desk.Not suitable for very brightly environment because less bright than LCD.They are large, heavy and bulky.Consume a lot of electricity and also produce a lot of heat.Geometrical error at edges.Flickering at 50-80 Hz.Harmful DC and AC electric and magnetic fields.

The beneficiary payments from a CGA are guaranteed by the charity, while CRT payments are subject to the availability of trust assets.

Charitable remainder annuity trusts (CRATs) distribute a fixed annuity amount each year, and additional contributions are not allowed.

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Broward Florida Charitable Remainder Inter Vivos Annuity Trust

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What is the difference between a charitable trust and a charitable remainder trust?

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What feature do charitable remainder annuity trusts and charitable remainder Unitrusts have in common?

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What is the difference between a crat and CRUT?

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