Charitable Lead and Remainder Trusts
Charitable Lead and Remainder Trusts
Gain a comprehensive understanding of gifting and trusts and how to leverage their options that best suits your estate planning goals in this eight-part video series.
Charitable lead and remainder trusts (CLTs and CRTs) are powerful estate planning tools with distinctive goals depending on your priorities:
Charitable Lead Trust (CLT)
Goal:
Reduce your taxable estate while supporting a chosen charity.
Benefits:
- Significant tax deductions
- Reduced estate tax
- Support a cause you care about
Charitable Remainder Trust (CRT)
Goal:
Provide income for yourself or loved ones while ultimately benefiting a charity.
Benefits:
- Guaranteed income stream
- Reduced income tax
- Support a cause you care about
Choosing the right type
The ideal trust type depends on your individual goals and circumstances.
Remember, charitable lead and remainder trusts offer unique ways to blend your philanthropic desires with strategic estate planning, potentially benefiting both your chosen charity and your loved ones.
This video, the fifth in the series, explains Charitable Lead and Remainder Trusts.
Video 5
Charitable remainder trusts and charitable lead trusts are both types of irrevocable trusts that can help you support your favorite charities while also providing financial benefits for yourself and your beneficiaries. Charitable remainder trusts provide you with income for life or a set period of time, followed by a charitable gift. Charitable lead trusts provide a charitable gift for a set period of time, followed by a gift to your beneficiaries. To learn more about which type of trust is right for you, contact a Brady Ware advisor.
Check out other articles in this series:
Questions?
Estate, Trust, and Succession Planning Services
Mark’s background in tax enables him to provide extensive services to the firm’s clients in the areas of estate and retirement planning, and business succession consulting.