Charitable Remainder Trust (CRT) PDF Print E-mail

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A Charitable Remainder Trust (CRT), is a way that you can make a significant future gift to We Save Animals now while receiving either a fixed income (Charitable Remainder Annuity Trust—CRAT) or a variable income (Charitable Remainder Uni-trust—CRUT) from the value of the assets placed in the trust. These kinds of trusts have a great advantage over simply making an outright gift while you live or in your will. That advantage is the present tax deduction. Not only are you eligible to take a charitable tax deduction for the value of the gift but you avoid paying capital gains tax on the appreciated value of the asset, (for example you own a rental property that you bought for $70,000 in 1980, it’s now worth $150,000. If you were to sell that property today, you pay tax on the increased value of $110,000)

To create the trust, you would transfer your gift of cash, stocks, bonds, real estate or other assets to the trust. Your trustee can be either a financial institution or a financial advisor of your choice. Your trustee would sell the assets in the trust for their fair market value and invest the proceeds. You and/or other loved ones chosen by you will receive all or part of this income for life, or some fixed term of years. At the end of the term or upon your death, We Save Animals would receive the balance of the trust proceeds. A CRT can also be set up to begin at the time of your death.

You can use the tax savings and income to invest as you wish; to fund your retirement plans; to pay for life insurance; or to supplement other sources of income. Depending on the type of trust you choose you will receive either: a fixed return based on the value of the initial investment (CRAT) or a variable return depending on the value of the trust assets calculated at the beginning of each year (CRUT).

For more information, e-mail: This e-mail address is being protected from spambots, you need JavaScript enabled to view it or call (661)360-4950