Charitable Remainder Trusts Have Benefits For Wealthy Individuals

An article by estate lawyer Joseph Karp in The Palm Beach Post explains  the benefits of the charitable remainder trust. Even with the first $5.25 million exempt from estate taxation, there are those that can take advantage of this trust which enables the trust creator to set aside securities for the benefit of a favorite charity and, by doing so, reduce the tax liability of his or her estate while being able to receive the income from the investments during his or her lifetime.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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