Charitable Remainder Trust Orange County


Charitable Remainder Trust

What is a Charitable Remainder Trust (CRT)?

A charitable remainder trust (CRT) is an irrevocable trust, meaning it cannot be modified or terminated without the beneficiary’s permission.

A CRT is a tax-exempt trust designed to assist you in reducing the taxable income of the individual. It is designed to disperse income to the beneficiaries for a specific amount of time (no more than 20 years) and then donating the remainder of the Trust to the designated charity (IRS-approved).

This type of Trust is a “split-interest” giving vehicle. It allows the  trustor to make contributions while being eligible for a partial tax deduction and donate the remaining assets.

Now, the CRT can be considered to be the following: “charitable giving while generating income.” So you can effectively “secure a lifetime of income, save taxes, and benefit a charity.”

Charitable Remainder Trust


What types of charitable remainder trusts are available?

  1.  Charitable remainder unitrusts or CRUTs
  2. The CRATs distribute a fixed percentage based on the balance of the trust assets (revalued annually) and can contribute other additional assets.
  • Charitable remainder annuity Trusts or CRATs
  1. The CRATs distribute a fixed annuity amount per each year, and additional contributions are not allowed.

To discuss your situation, to meet with us or to get your questions answered, please call our office to schedule an appointment: 888-318-4430.

Why should I allow a trust to manage my assets an appreciated property? 

 Well, there are countless examples of how a CRT works effectively, especially from a tax perspective. We would say to NOT sell any highly appreciated assets before reviewing the power of a CRT!

Concerning CRTs, what are the Pros and Cons?

Tax-exempt: You can reduce your taxes with a charitable income tax deduction. For example, consider the following:

    • Fund the CRT with cash: Donor can use a charitable deduction of up to 60% of the Adjusted Gross Income (AGI)
    • Appreciated real estate assets: Up to 30% of their AGI for the tax year
    • Can’t use the total deduction for the year? Can carry the deduction for up to 5 additional years.
  • Can convert appreciated assets into a lifetime or retirement income stream: The CRT can be structured to defer the payment stream and provide an income during retirement
  • Defer capital gains tax: Great for a highly appreciated property’s. You can defer the capital gains until the time it’s distributed out to the income beneficiary.
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    Jillyn Hess-Verdon

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    R. Kurt Ketchum

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    David Crumpton

    David Crumpton

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    Stacy L. Olsen

    stacy l. Olsen

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