Charitable Remainder Trust with Kristina Hess (audio)

Jack Campbell interviews Kristina R. Hess about Charitable Remainder Trusts

The Benefits of a Charitable Remainder Trust

Listen as Jack and Kristina walk through a scenario where a charitable remainder trust could benefit his clients who are interested in downsizing their primary residence.

The benefits of a Charitable Remainder Trust 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.