- January 2, 2022
- Posted by: Bastion team
- Category: World News
Are you looking for an additional income stream in retirement? Do you want to leave behind something for charity and cut your tax bill now and when you pass away? If the answer is yes, a charitable remainder trust might be right for you.
A CRT is an irrevocable “split-interest” trust that provides income to you and any designated beneficiaries for a specified number of years (up to 20) or for the rest of your life or a beneficiary’s, with the remaining assets donated to charity.
Between 5% and 50% of the trust’s assets must be distributed at least annually, but 10% or more of the CRT’s initial value…