Q:

How do you get a charitable remainder trust?

A:

Quick Answer

A charitable remainder trust can be created through various financial institutions, such as Fidelity Charitable, that offer trust fund services. This type of trust is used to generate immediate income to a personal beneficiary, and a donated asset value is released to a charity at the end of the trust.

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How do you get a charitable remainder trust?
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Full Answer

A charitable remainder trust is generally used as a method of reducing an estate or individual's tax burden, as the value of the charitable donation can be credited. This type of trust is flexible, as it can use multiple forms of assets, but it requires an initial setup period as well as maintenance costs over the term of the trust.

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