Charitable Remainder Trusts Tampa FL

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

Girl Scouts of West Central Florida
(813) 281-4475
P.O. Box 18066
Clearwater, FL
LifeLink Foundation
(813) 253-2640
409 Bayshore Blvd.
Clearwater, FL
Make-A-Wish Foundation of Central & Northern Florida
(813) 288-2600
1719 West Kennedy Blvd.
Clearwater, FL
Bay Area Apartment Association
(813) 882-0222
6107-B Memorial Hwy.
Clearwater, FL
Habitat for Humanity of Pinellas County
(727) 536-4755
Habitat for Humanity of Pinellas County
Clearwater, FL
Score Suncoast/Pinellas, #115
(727) 532-6800
4707 140th Ave. N, Ste. 311
Clearwater, FL
Humane Society of Pinellas, Inc.
(727) 797-7722
3040 State Road 590
Clearwater, FL
Ruth Eckerd Hall
(727) 791-7060
1111 N McMullen Booth Rd
Clearwater, FL
Countryside Touchdown Club, Inc.
(727) 453-2710
PO Box 15225
Clearwater, FL
Abilities Foundation
(727) 538-7370
Fax (727) 538-7387
Clearwater, FL

(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

Girl Scouts of West Central Florida

(813) 281-4475
P.O. Box 18066
Clearwater, FL

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