Results for tag: "Charitable Remainder Trust"

A Charitable Remainder Trust (CRT) is a type of trust used in wealth management to provide tax benefits and income to the trust's beneficiaries. The trust is funded with assets such as stocks, bonds, and real estate, and the trust's beneficiaries receive income from the trust's investments. The trust also provides tax benefits to the beneficiaries, such as a reduction in capital gains taxes and estate taxes. The trust's assets are eventually distributed to a charity of the beneficiary's choice. CRTs are often used by individuals who want to reduce their tax burden while also providing a charitable donation. They are also used by individuals who want to provide income to their beneficiaries while also providing a charitable donation. CRT providers include Fidelity Charitable, Schwab Charitable, Vanguard Charitable, and National Philanthropic Trust. Show Less Read more