September 10, 2008
Advantages of Passing on your Property to a Charitable Trust
There are several benefits of setting up a charitable trust to control one of your assets. You might think that setting up a charitable trust is like giving away what you have earned, but think again. Are you going to have the property forever, even after your death? It is wise to give the property in a charitable trust and avail of the great tax benefits. In some cases, you will still be able to retain ownership over the property despite setting up the trust. In other cases, the property will return to your family after your demise.