The answer is through a charitable remainder trust (CRT). Profit and prosper with ... Note that the tax benefits, income stream and estate planning ease a CRT can provide you are dependent on ...
Thanks to a formula prescribed by federal tax regulations, a high interest rate environment may enhance the benefits of a certain type of trust, the charitable remainder annuity trust (CRAT ...
Your legacy will carry on with the organization and among those who are aware of the trust. Another benefit of charitable trusts is a lower tax burden for yourself and your beneficiaries.
However, this isn’t the only reason it’s good to give to charity. Studies show that giving has added health benefits for the charitable giver. Moreover, there are a variety of ways that those who give ...
The quid pro quo problem can arise with a charitable contribution for something in return now, or for a promised benefit in the future. The issue comes up on a small scale too. If your donations ...
It is relatively straightforward to set up a charitable foundation, but not so easy to run it in the right way if there is ...
The Mason and Lula Cole Charitable Trust recently made awards to 34 community organizations. Contributions totaled $240,000, reported Matthew Suttmiller, Chesapeake Bank director of marketing and ...
As we embark on a new year, it’s time to take a fresh look at your financial strategies, particularly when it comes to your ...