What is a Charitable Remainder Trust? How Does it Work?
Charitable remainder trusts (CRTs) are irrevocable, and they have the added benefit of providing potential income for the donor or for a beneficiary named by that donor, along with providing money for a charity that the donor feels should receive assistance or monetary help. The donor can also choose more than one beneficiary to provide income for, and more than one charity to leave money to, depending on that donor’s preferences and goals. These options help with estate planning and charitable giving, but also with an income stream and retirement funds.Read More