May 16, 2008
Benefits Of Being A Part Of Charitable Trusts
Almost all charitable trusts are designed to create a path where one’s assets can be converted into a life time stream of income and not become a source of governmental revenue via taxes. Charitable remainder unitrusts enable the donor to lower taxes, lessen what taxes they pay now and reduce them even more for generations to come when they pay their estate taxes. This is one of the major reasons why charitable trusts have become even more popular in the recent years.