Charitable solutions can create a steady stream of payments for a donor. Professional advisors may provide guidance on retirement planning, investments, tax strategies and charitable giving. Clients are often concerned with maintaining their standard of living, minimizing tax recognition and looking for a way to support their favorite charitable organizations. Life income gifts are a great solution for clients who desire a steady source of income for the duration of their lives, while also providing a legacy for charity. Part one of this article series will provide an overview of charitable remainder trusts. This article series will provide illustrations of the gift models and practical ways of using a charitable remainder unitrust. The information should help a donor understand how a charitable remainder trust can fulfill his or her philanthropic goals....
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Barbara Banker started with nothing. She lived in a midsized town and worked in the local hardware store. The store owner noticed her industrious efforts and strong work ethic. When he decided to...
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Decedent and Spouse executed two separate revocable trusts and later combined the trusts to establish Family Trust (Trust). Decedent’s will authorized the executor of Decedent’s estate to...
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