Charitable Remainder Trusts (CRAT,CLUT,CLAT)
A Charitable Remainder Trust is a legal entity that holds and distributes income to certain non-charitable beneficiaries over a period of time and distributes the remainder of the trust property to a charitable entity of choice at the expiration of the trust period. As long as certain conditions are met, you can benefit from certain charitable deductions by choosing one of several types of Charitable Remainder Trusts to suit your needs. A Charitable Remainder Trust can also provide you with significant savings on appreciating assets.