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Our Services | Foundation | Charitable Remainder
Charitable Remainder Trust |
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Charitable Remainder Trusts are designed to allow you to give away assets such as stocks, real estate or cash, while keeping the right for you and your named beneficiaries to receive the interest and/or dividend income until the death of the last beneficiary. The two main types of such a trust are a Charitable Remainder Annuity Trust and a Charitable Remainder Unitrust. With both types of trusts you receive a charitable contribution income tax deduction based on your life expectancy, you avoid taxes on capital gains on the sale of appreciated securities or real estate, and you reduce potential estate taxes. The main difference between the two types of charitable remainder trusts is the way your annual income from the trust is determined.
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