Smart Ways to Use a Charitable Trust for Giving and Tax Planning
Curious how a charitable trust works? Learn when it makes sense, the perks for taxes, and how it transforms your legacy and charitable giving.
Read MoreCurious how a charitable trust works? Learn when it makes sense, the perks for taxes, and how it transforms your legacy and charitable giving.
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Read MoreCharitable remainder trusts can look like a dream for giving back and getting tax breaks, but there are several downsides hiding in the fine print. This article digs into the issues that often surprise families, like high setup costs, loss of asset control, and tricky tax rules. If you're thinking about setting one up, you'll want to know why a CRT isn't for everyone—especially if flexibility and family legacy matter to you. We'll break down the essentials so you can avoid surprises later. Before you lock in your decision, take a closer look at what a charitable remainder trust really means long-term.
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