Just had an inspiring visit to Canine Companions last week and wanted to share a valuable strategy for your charitable planning. As a Wealth Strategist, I often assist clients in using Charitable Remainder Trusts (CRTs) for their philanthropic endeavors. CRTs are powerful tools that enable donors to contribute appreciated assets, such as stocks or real estate, to a trust that provides a fixed income stream for a specified duration, with the remaining assets donated to charitable organizations at the end of the term.

In this video, I discuss the top 4 reasons CRTs make a fantastic charitable planning option:

1️⃣ Lifetime or Fixed-Term Income 💵
2️⃣ Capital Gains Tax Avoidance 📉
3️⃣ Immediate Tax Deduction 💰
4️⃣ Flexibility and Control ⚖️

Additionally, I reveal a bonus tip on using cash-value life insurance alongside a CRT, offering three key benefits:

1️⃣ Asset Replacement 🔄
2️⃣ Added Financial Security 🔒
3️⃣ Estate Planning Advantages 🏠

Please note that CRTs aren’t a one-size-fits-all approach, and it’s crucial to collaborate with a wealth strategist or advisor to customize the trust to suit your unique needs and objectives. If you’re curious about how CRTs can enhance your planning, don’t hesitate to reach out to me for assistance.

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#CharitablePlanning #CRTs #CashValueLifeInsurance #EstatePlanning #FinancialSecurity #TaxBenefits #WealthManagement