The Benefits of a Charitable Remainder Trust
Listen as Jack Campbell and Kristina R. Hess walk through a scenario where a charitable remainder trust benefits clients who are interested in downsizing their primary residence.
Charitable remainder trusts are irrevocable trusts that let you donate assets to charity and draw annual income for life or for a specific time period. — from the IRS website
Benefits include:
- Eliminate capital gains taxes on the amount going into trust
- Receive an income for the term of the trust
- Receive income tax charitable deduction
- Any growth within the trust is tax-free
- The remainder (10% of initial trust) goes to charity at the end of term.
The design of a charitable remainder trust is extremely flexible for the clients when setting it up and Kristina will help you maximize the benefits while minimizing the taxes you pay.
From Jack Campbell …
”With over 30 years in San Diego real estate, I still love what I do — helping people make confident moves along the North Coast, from La Jolla to Carlsbad. Most of my business comes from referrals and repeat clients, and I also enjoy making new relationships with people who connect with me online through the community tours, market updates, and local insights I share.”
– Jack Campbell, San Diego Real Estate and Property Management
