The term charitable remainder trust is hardly self-explanatory, and some of the acronyms that go along with it, like CRAT or Charitable Remainder Annuity Trust and CRUT or Charitable Remainder Unitrust, don’t make things easier; but the concept behind the words does make the instrument one of my favorites in estate planning. As promised in my last post, I’ll talk about charitable remainder trusts (CRTs), CRUT vs CRAT, in greater […]
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Posts Tagged ‘charitable trusts’
Americans are givers, and increasingly so; according to Giving USA 2014, corporations, foundations and individuals donated more than $330 billion in 2013. Adjusted for inflation, that is 3 percent up from 2012 and a 12 percent increase over 2009, the year the recession officially ended. More than 70 cents out of every dollar donated came from individuals, i.e. from people like you and me. Religious and educational charities benefitted most. […]
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