A Charitable Remainder Trust (CRT) is an estate planning tool that can generate a long-term income stream for you, or other beneficiaries, while allowing the remaining assets to be donated to your favorite charity. A CRT is an advantageous donation vehicle that allows you to make contributions to a trust and be eligible for a partial tax deduction. This deduction is based on the CRT's remainder amount that will pass to charitable beneficiaries after you receive income for a term that you define upon its creation. You, or another beneficiary, can receive income for either a term of 20 years or less or for life, and then name one or more charities to receive the remainder of the donated assets after the term is completed.
