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Ct Tr 1  Form

Ct Tr 1 Form

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Instructions and help about Ct Tr 1

welcome this video explores the basics of charitable remainder trusts including how they work and their tax advantages a charitable remainder trust or CRT begins when a donor transfers assets into the trust the trust makes specific distributions at least annually to one or more non-charitable beneficiaries for the beneficiaries lives or for a specific number of years the gror along with the grandor spouse can be and often is the beneficiary at the end of the term the assets remaining in the trust go to one or more Charities those Charities are called the remainder beneficiaries CRTs offer several benefits first and foremost they enable donors to accomplish their goals of charitable giving indeed CRTs work best for folks with charitable intentions and motivations CRTs also offer immense tax benefits the donor can optain a significant income tax deduction in the year when the donor transfers funds into the CRT and the deduction may carry forward for up to five additional years donors wit

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