Charitable trusts are used by both those who have a charitable intent as well as those who are attempting to minimize their estate taxes. These trusts operate within a statutory framework where the assets’ ownership are transferred to the charitable trust. The income or interest generated by the trust is paid to whomever you designate in a charitable remainder trust with the remainder going to charity. This is switched in a charitable lead trust – the income or interest goes to a charity and the remainder goes to your loved ones.
[su_note note_color=”#f0f0de” text_color=”#323232″ radius=”2″]
- Charitable Trusts will generate an income and benefit the charity of your choice.
- Charitable Trusts take advantage of the current tax laws and benefit your loved ones and the charity of your choice.
[/su_note]
These trusts will benefit both your designated beneficiaries as well as the charity of your choice. Whether a lead or remainder trust is best for you is a decision that Mateya Law Firm can assist you with.
Return to Trusts Explained Further & Types of Trusts
Return to Practice Areas