Charitable Remainder Trusts

The Charitable Remainder Trust (CRT) is a tax-saving alternative for people who wish to give highly appreciated assets, such as, stock or real estate.

The CRT:

• Provides a current income tax deduction
• Defers capital gains taxes
• Reduces or eliminates estate taxes
• Furnishes an income stream
• Gives benefit to GBSC

There are two types of CRTs:

Unitrust -Your income stream varies as the value of the trust changes. You receives payments each year, determined by multiplying a fixed percentage (chosen by you) by the fair market value of the trust’s assets valued each year.

Annuity Trust – Your income stream remains constant because it is based on a fixed percentage of the initial fair market value of the assets funding the trust.