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.
What are the benefits of a Charitable Remainder Trust?
- Your appreciated asset can be sold, and you pay no income tax on the capital gain. You, therefore, have the whole amount working for you the rest of your life without income taxes having been taken out of the principal in the first place. In particular, you can rid yourself of a burdensome asset, such as an apartment building, without being taxed on capital gain.
- Often the cash flow is higher from the investments in the CRT than you were receiving before the transfer to and sale by the CRT.
- You receive an income tax deduction, which reduces your income taxes.
- The CRT generally effectively escapes estate tax after you are gone.
- You select the trustee of the CRT. With careful planning, you may even name yourself as the trustee of the CRT. Between your having a good CPA and a good financial planner, you then should have no trouble in administering the CRT.
- You have the satisfaction of benefiting a needy cause. Also, if you wish to disclose your creation of the CRT, the charity would surely publicize your generosity.
It is our privilege to guide clients through estate planning decisions
