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What is a Charitable Remainder Trust?

A charitable remainder trust, or CRT, enables donors to set aside assets for the future benefit of a charity while receiving income for life.

A CRT is tax exempt

A CRT is tax-exempt. Accordingly, it is not subject to tax on its income or capital gains. As a tax-exempt trust, a CRT is an ideal method for selling an appreciated asset and avoiding the resulting tax liability while retaining an income stream for life. Read More »What is a Charitable Remainder Trust?