An Overview of Charitable Remainder Trust (CRT)

In 1969, the U.S. Congress created a new type of trust that helped charities and not-for-profit organizations generate more revenue for their causes.

This type of trust is commonly known as a Charitable Remainder Trust (CRT).

In essence, Charitable Remainder Trusts are a legal vehicle enabling the grantor, at some time in the future or at his/her death, to direct some of their assets towards charitable causes.  In return, the Grantor may receive a lifetime income steam, along with current income and future estate tax deductions.

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