The giving season is almost upon us which means it’s the perfect time to consider how you can make a lasting impact on the causes you care about while also benefiting your estate plan. One effective way to achieve this is by exploiting the power of a Charitable Remainder Trust to give back and support those charities near to your heart.


What is a Charitable Remainder Trust?

A Charitable Remainder Trust (CRT) is a unique estate planning strategy that combines philanthropy with financial benefits. This type of trust allows you to donate assets, usually appreciated securities or real estate, to a charitable organization while retaining income from the assets during your lifetime. The result? You get to both provide for your loved ones and make a meaningful difference.


Benefits of Using a Charitable Trust to Give Back

Setting up a Charitable Remainder Trust benefits your estate plan in numerous ways:

    • Tax Advantages: By donating appreciated assets to a CRT, you can avoid capital gains tax on the sale of those assets. Additionally, you may qualify for an income tax deduction based on the estimated value of the remainder interest that will go to the charity.
    • Income for Life: With a CRT, you receive income from the trust for either a fixed period or your lifetime. This can provide financial security for you and your beneficiaries.
    • Diversification: If you have a concentrated portfolio, a CRT allows you to diversify your investments without incurring immediate capital gains taxes.
    • Philanthropic Impact: You have the satisfaction of knowing that your assets will ultimately support a charity or cause you’re passionate about.
    • Estate Planning: CRTs are an excellent way to transfer wealth to future generations while reducing estate tax liabilities.


The Giving Season is Here

The holiday season is a time for giving, and there’s no better way to get into the spirit than by establishing a Charitable Remainder Trust. Whether you want to support a local charity, a specific cause, or a favorite non-profit organization, a CRT empowers you to make a lasting difference.

By creating a Charitable Remainder Trust, you can not only contribute to the betterment of society but also secure your financial future and the future of your loved ones. It’s a win-win that aligns your financial goals with your charitable aspirations.


Take the First Step

The Estate Planning Law Group of Georgia is the place to turn as you consider your options for charitable giving and estate planning. Our experienced team can help you navigate the complexities of setting up a Charitable Remainder Trust and ensure that your estate plan reflects your values and goals.

Don’t miss the opportunity to make a meaningful impact during this giving season. Establish a Charitable Remainder Trust to give back and begin your philanthropic journey today!