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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.

The CRT is a good option if you want an immediate charitable deduction, but also have a need for an income stream to yourself or another person. It is also a good option if you want to establish one by will to provide for heirs, with the remainder going to charities of your choosing.

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.

A CLUT pays the charity a percentage of the fair market value of the trust assets, re-calculated annually. With a CLUT, additional contributions can be made after the CLUT's creation since the payments are re- calculated each year.

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.

If the CRT is funded with cash, the donor can use a charitable deduction of up to 60% of Adjusted Gross Income (AGI); if appreciated assets are used to fund the trust, up to 30% of their AGI may be deducted in the current tax year.

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.

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Inter vivos t Estate tax deductions at death t Some CG avoidance. A public charity – for inter vivos trusts, unless the donor clearly intends to benefit a private founda- tion.Both the annuity trust and unitrust forms set. Cool Charitable Contribution Strategies in the New Tax.

Philadelphia Pennsylvania Charitable Remainder Inter Vivos Annuity Trust

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What are the disadvantages of a charitable remainder trust?

Are there any disadvantages for the use of the charitable remainder trusts?

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