Once the charitable remainder trust has been established, you can sell off the assets and reinvest the proceeds. You are allowed to withdraw and use a portion of the proceeds for your personal needs while you’re still alive. When you die, the trust’s remaining assets will pass to your charitable beneficiary.

You may also name a non-charitable beneficiary to receive a portion of the trust proceeds. Once your beneficiary dies, their stake and proceeds will be passed on to the charitable recipient.

Determine What’s Best for Your Estate

Charitable trusts can provide grantors with opportunities to give to charities while saving big on taxes while they’re still alive. However, determining which kind of trust is best for your estate can be a daunting and difficult task. If you want to give back to your community and ensure your lasting legacy, send us a message, or call us today.


Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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