Category - Charitable Remainder Trust

You should hire a Charitable Remainder Trust Attorney to handle the creation of your Charitable Remainder Trust. The Charitable Remainder Trust is one of the most effective ways for clients to reduce or eliminate capital gains taxes, while receiving both an Income Tax deduction and Estate Tax deduction for amounts passing to charity. The donor contributes property to the Charitable Remainder Trust, and receives either a fixed percentage or fixed dollar amount as an annual return. A Charitable Remainder Unitrust distributes a fixed percentage of the Trust corpus no less than annually, whereas a Charitable Remainder Annuity Trust distributes a fixed dollar amount based on the original contribution.


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