Charitable Remainder Trusts Austin TX

If you have a favorite qualified charity or nonprofit institution you'd like to benefit, such as a university, hospital, or church, an estate planning tool that might help you and the charity is the charitable remainder trust.

Local Companies

Sunbear Community Alliance
409-392-6063
11701B Bayou Bend
Austin, TX
Foundation For Self Sufficiency In Central America
(512) 388-7957
314 E Highland Mall Blvd
Austin, TX
Texas Society of Anesthesiologists
(512) 370-1659
401 W 15th St
Austin, TX
Texas Freedom Network Education Fund
(512) 479-8990
608 W 22nd St
Austin, TX
Austin Free-Net
(512) 236-8225
2209 Rosewood Ave
Austin, TX
Miracle Foundation
(512) 329-8635
1506 W 6th St
Austin, TX
Sierra Club
(512) 476-6962
PO Box 1931
Austin, TX
Texas Alliance of Child & Family Services
(512) 892-2683
Austin, TX
Easter Seals Workforce Development
(512) 821-3383
911 McPhaul St
Austin, TX
Texas Homeless Network the
(512) 482-8270
Austin, TX

(Denver) - Perhaps you have the following problem. You've accumulated considerable assets over a lifetime of working and investing. Now you face a potentially large estate tax bill if you keep those assets until death, or a large capital-gains tax if you sell them. At the same time, you may want a way to boost your retirement income.

One solution to this situation may be to give away those assets. That's right, give them away. If you have a favorite qualified charity or nonprofit institution you'd like to benefit, such as a university, hospital, or church, an estate planning tool that might help you and the charity is the charitable remainder trust.

"People think of the charitable remainder trust primarily as a tool for the charitably motivated, and obviously that motivation is critical," says Gregg Parish, JD, an academic associate at the College for Financial Planning®, a division of the National Endowment for Financial Education®. "What many people don't realize is the important financial benefits for the donor as well."

The charitable remainder trust (CRT) works as its name implies. You donate an asset such as stocks or real estate to a charitable trust. It sells the assets and reinvests the proceeds in income-producing assets. The donor receives income payments for a lifetime, or a predetermined time period, and at death or the end of the trust term, the remaining assets (remainder interest) pass on to the charity.

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Featured Local Company

Sunbear Community Alliance

409-392-6063
11701B Bayou Bend
Austin, TX