Charitable Remainder Trusts Dayton OH

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

Eastway Behavioral Healthcare/ Eastco
(937) 496-2000
600 Wayne Avenue
Dayton, OH
Associated Builders & Contractors Inc.
(937) 704-0111
33 Greenwood Lane
Springboro, OH
Disabled American Veterans Inc
(513) 422-9455
4610 Trenton Franklin Road
Middletown, OH
Middletown Dog Training Center
513-424-4442
1801 Germantown Rd.
Middletown, OH
Goodwill Easter Seals Miami Valley
(937) 431-3784
2309 N Fairfield Rd
Dayton, OH
Junior Achievement Partners
(937) 228-7930
120 W 2nd St
Dayton, OH
United Way of the Greater Dayton Area
(937) 223-5952
184 Salem Ave
Dayton, OH
Sew Much Comfort
(937) 426-6730
3170 Rodenbeck Dr
Dayton, OH
YMCA Neighborhood Dev Cntr At Cross Point Umc
(937) 854-9622
506 E Main St
Dayton, OH
Day-Vest
(937) 222-9065
1133 S Edwin C Moses Blvd
Dayton, OH

 

(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

Eastway Behavioral Healthcare/ Eastco

(937) 496-2000
600 Wayne Avenue
Dayton, OH

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