Contact Us for a Consultation 334-440-6165

Charitable Remainder Trust

Charitable Remainder Trust

A charitable remainder trust is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity. 

This type of trust is designed to take ownership of certain assets, then provide an income stream from those assets to its beneficiaries. The creator and funder of the trust can be a beneficiary. Any assets that remain after the deaths of all beneficiaries are sold and the proceeds then go to a designated charity. This is a “split-interest” giving vehicle that allows a trustor to make contributions, be eligible for a partial tax deduction, and donate remaining assets. The trust is not liable for any capital gains tax when this happens, and the trustmaker can claim a present-day partial tax deduction for the portion of the trust that passes to a charity or charities, however, the trust must be irrevocable.

Memberships

The Robinson Advocacy Group Professional Corporation (Headquarters)
445 Dexter Ave, Suite 4050
Montgomery, AL 36104
334.440.6165
334.460.6064 (fax)
The Robinson Advocacy Group Professional Corporation (Texas)
445 East FM 1382 , Suite 3 #705
Cedar Hill, TX 75104
334.440.6165

Menu