As a Ventura County estate planning law firm specializing in charitable trusts, our firm commonly recieves questions about the details of charitable trusts. We have a team of experts with the legal knowledge to answer questions about the process of setting up a charitable trust, and what the benefits of proper estate planning can be.
Our firm can provide expert legal services as estate planning attorneys. We are a Southern California based law firm in business since 1985. We specialize in charitable trusts and estate planning matters.
To learn more about charitable trusts, or if you would like a free consultation to learn if a charitable trust is right for you, please do not hesitate to contact us at (805) 482-2282, or e-mail us.
May I retain some control with a CRT?
You may retain control if you serve as the trustee.
In addition, you may have the power to change the trustee any time. You may retain the power to change the charity who receives the CRT assets when you are gone.
Conclusions on Charitable Remainder Trusts:
The CRT is a “win-win” tool for all involved. Most importantly, you win by avoiding income tax on the gain from the sale of the property, avoiding estate tax on the property, receiving a larger cash flow from the CRT, and receiving an income tax deduction.
Your heirs win in that they either most likely or surely (your choice) will receive at least the same inheritance as if you had not done the CRT.
The charity wins when the CRT is ultimately distributed. Society in general is benefited by the work of the charity. Everyone wins.
It is our privilege to guide clients through estate planning decisions
