Charitable Planning

Charitable Planning can create income for you and at the same time provide tax benefits to you and your estate.  Charitable planning has a wide of benefits — the primary one being the ability to give your assets to charity and put them to good use instead of relinquishing them to the government in the form of taxes. 

Charitable planning options

Charitable Remainder Annuity Trust (CRAT) – The trust pays out a fixed amount of income to you or your family each year for the term of the trust.  Upon termination of the trust, the remaining assets are distributed to charity.

Charitable Remainder Unitrust (CRUT) – The trust pays out a variable amount of income to you or your family each year. The amount is a specified percentage of the value of the trust assets. Upon termination of the trust, the remaining assets are distributed to charity.

Charitable Lead Trust (CLT) – The trust pays the designated charity a certain amount each year for the term of the trust. Upon termination of the trust, the remaining assets may be distributed to you or your family.