The Win-Win of the Charitable Remainder Trust

I don’t want this to sound like a gimmick or some slick way to raise money from gullible elderly church members. That is not what a Charitable Remainder Trust is. The Charitable Remainder Trust can be an wonderful part of a person’s retirement/estate plan. What makes it so wonderful? Here’s a list:

  1. Guaranteed Income for Life: This will supplement social security and pension income. Rule of thumb is that you will receive 5% back on any assets you entrust…for life…and it will likely grow.
  2. Protection of Assets: No one wants to see the financial assets that they accumulate during their lifetime dwindle away paying for nursing home care. These Trusts are irrevocable which protects them legally.
  3. Lowering your Taxes: I don’t understand all this part, but it’s pretty clear that you will be lowering your tax bill considerably.
  4. Supporting the Charities you Love: Many people fail to do any estate planning. After you pass, the assets of the Trust will go to benefit the charities of your choice.

Check out the video below:

Useful Links

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: