Planned Giving for Financial Advisors
Charitable Remainder Trust (CRT)
One of the most flexible “life income” gift options is a Charitable Remainder Trust. Charitable Remainder Trusts are available in a variety of formats and can be funded with a wide range of assets, including low-dividend stock, cash or real estate. A Charitable Remainder Trust provides annual payments to your client and/or other beneficiaries she designates for life or for a designated term. The remainder is then put to use by Gaylord Hospital as your client directs.
How they work
- Your client transfers cash, securities or other appreciated property into a trust.
- The trust pays your client and/or other beneficiaries regular payments. The payments will be fixed or variable depending on the trust format selected.
- When the trust terminates, the remainder passes to Gaylord Hospital to be used for the purposes your client designates when she creates her trust.
NOTE: There are varieties of Charitable Remainder Trusts that offer particular benefits to suit your client's goals and assets. Follow the links for details:
- Charitable Remainder Unitrust
- “Flip” Charitable Remainder Unitrust
- Net-Income Charitable Remainder Unitrust
- Charitable Remainder Annuity Trust
Benefits for your client
- Your client will receive an immediate income tax deduction for the charitable portion of her contribution.
- Your client will defer or avoid capital gains tax on appreciated assets contributed.
- Your client and/or her designated beneficiaries will receive income for life or a term of years.