Utilizing a Charitable Trust For Your Estate
A charitable trust is one of many types of trusts commonly used by Americans.
Trusts are increasing in popularity because of how much more convenient it is to have a trustee handling your finances.
Living trusts, family trusts, remainder trusts, and revocable trusts are also all different types of trusts available today.
On top of making financial management less stressful, most trusts also have the ability to lower your property taxes.
Schools, churches, not-for-profit organizations, and similar groups are all possible branches with charity trusts.
You can make donations to specified charities and enjoy the benefits of having your finances taken care of by a trustee when you have a charitable remainder trust.
The two available types of annuities are annuity trusts and uni-trusts.
Annuity trusts are the more popular kind of charitable trust with which fixed payments are made annually based on a percentage of the total amount chosen by the trustor.
The fixed payments made to both the trustor and charity do not normally change during the trust term, which can be anywhere from ten years to a lifetime.
The biggest feature of an annuity trusts with a lifetime term is when the trustor dies, the balance is donated to the charity.
Those looking for a charitable trust that is more flexible than the annuity trust would find their needs met by a uni-trust, which features variable annual payments.
The variable payments, which are a percentage of the re-evaluated assets within the trust, make this kind of trust more flexible yet also more complex.
Those who prefer a simple and reliable type of trust are better of with the annuity trust.
Real estate, stocks and bonds, and straight cash are some of the assets that can be contributed to a charitable remainder trust.
When choosing a trust, there are so many ways a donor can tailor the plan to suit them.
For anyone who makes regular donations to charities, charitable remainder trusts are a great way to continue making donations while also benefiting from having assets professionally handled.
Trusts are increasing in popularity because of how much more convenient it is to have a trustee handling your finances.
Living trusts, family trusts, remainder trusts, and revocable trusts are also all different types of trusts available today.
On top of making financial management less stressful, most trusts also have the ability to lower your property taxes.
Schools, churches, not-for-profit organizations, and similar groups are all possible branches with charity trusts.
You can make donations to specified charities and enjoy the benefits of having your finances taken care of by a trustee when you have a charitable remainder trust.
The two available types of annuities are annuity trusts and uni-trusts.
Annuity trusts are the more popular kind of charitable trust with which fixed payments are made annually based on a percentage of the total amount chosen by the trustor.
The fixed payments made to both the trustor and charity do not normally change during the trust term, which can be anywhere from ten years to a lifetime.
The biggest feature of an annuity trusts with a lifetime term is when the trustor dies, the balance is donated to the charity.
Those looking for a charitable trust that is more flexible than the annuity trust would find their needs met by a uni-trust, which features variable annual payments.
The variable payments, which are a percentage of the re-evaluated assets within the trust, make this kind of trust more flexible yet also more complex.
Those who prefer a simple and reliable type of trust are better of with the annuity trust.
Real estate, stocks and bonds, and straight cash are some of the assets that can be contributed to a charitable remainder trust.
When choosing a trust, there are so many ways a donor can tailor the plan to suit them.
For anyone who makes regular donations to charities, charitable remainder trusts are a great way to continue making donations while also benefiting from having assets professionally handled.
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