Charitable Remainder Trusts (CRT)

Sometimes an individual would like to make a gift to charity but wants to retain income from the asset for life or a term of years. CTRs accomplish these twin goals and can be an effective retirement planning tool. A charitable remainder “unitrust” furnishes you with a fixed percentage of the trust’s assets each year. At the end of your lifetime, what remains in the trust can be distributed to ALSC.

With this option, a current income tax deduction is allowed at the time you create the trust. The amount of deduction depends on your age when the trust is created, the specified payment rate, and other factors. Whatever remains in the trust at the end of its designated term will pass to ALSC free from gift or estate tax.

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