Incorporating charitable split interest Trusts into your estate plan can provide a unique blend of philanthropy and financial benefits.

Incorporating charitable split interest Trusts into your estate plan can provide a unique blend of philanthropy and financial benefits. These Trusts, such as Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs), allow you to support meaningful causes while securing tax advantages and income streams for yourself or your heirs. With a CRT, you can receive income from the Trust for a set period or your lifetime, with the remaining assets eventually going to a charity, potentially reducing estate taxes and providing an immediate charitable deduction. Conversely, a CLT enable you to transfer assets to heirs at reduced tax costs, as the Trust provides income to a designated charity for a specific term before the remaining assets revert to your beneficiaries. By integrating charitable split interest Trusts into your estate plan, you can create a lasting legacy, benefit from tax efficiencies, and support the causes you care about most.

If you have questions about charitable split interest Trusts or any other estate planning questions, give us a call at 253.858.5434 to set up an appointment today. We proudly represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference, whatever is most convenient for our clients.