Charitable Remainder Trusts (CRTs) serve as an impactful component in estate planning, allowing individuals to support charitable causes while providing for their own financial needs.

Charitable Remainder Trusts (CRTs) serve as an impactful component in estate planning, allowing individuals to support charitable causes while providing for their own financial needs. By establishing a CRT, one can contribute assets to a Trust, receive an income stream for a specified period, and ultimately, the remaining assets are directed to the chosen charitable organization. This innovative approach not only enables philanthropy during one's lifetime but also offers potential tax benefits. CRTs merge the desire to give back with financial planning, creating a legacy that extends beyond personal wealth preservation. As part of a comprehensive estate plan, these Trusts exemplify the harmonious alignment of financial strategy and altruistic endeavors, leaving a lasting impact on both the individual and the charitable causes they hold dear.

If you have questions about using Charitable Remainder Trusts as part of your estate plan, or any other estate planning questions, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.