Charitable Remainder Trusts (CRT's) are life income gifts that help donors meet special gift and estate planning objectives. The donor may establish income payments for the lifetime(s) of one or more beneficiaries or for a term of 20 years or less. Upon the death of the last beneficiary, the assets remaining in the trust are transferred to the Bethel Foundation of Oshkosh for the purpose specified by the donor. CRT's are often used to increase income from low yielding, highly appreciated assets (for example stock or real estate), while reducing income taxes and avoiding capital gain and estate taxes. The federal income tax deduction is based on the "remainder value" calculation for the gift determined from official U.S. Treasury tables and other factors including the type of asset, the number and age(s) of the beneficiary(ies), and the percentage payout of the trust.

Features

1. A stream of income for the lifetime of the donor and/or the donor's spouse
2. A charitable income tax deduction
3. An opportunity to establish an endowed fund in the donor's name or the name of a loved one
4. Possible avoidance of capital gains taxes on gifts of appreciated property
5. A higher yield than from current investments
6. Membership in the Heritage Society
7. A reduction in federal estate taxes

The information on this website is not intended as legal advice.
For advice and assistance in specific situations, the services of a professional advisor should be obtained.