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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.

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.

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.

Contributions to CRATs and CRUTs are an irrevocable transfer of cash or property and both are required to distribute a portion of income or principal, to either the donor or another beneficiary.

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

A charitable remainder trust is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals. A charitable remainder trust dispenses income to one or more noncharitable beneficiaries for a specified period and then donates the remainder to one or more charitable beneficiaries.

There are two basic types of charitable remainder trusts: the charitable remainder unitrust (CRUT) and the charitable remainder annuity trust (CRAT).Charitable remainder unitrust.Charitable remainder annuity trust.Trust management services.

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.

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Hillsborough Florida Charitable Remainder Inter Vivos Annuity Trust

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What is the benefit of a charitable remainder trust?

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