By Amanda White, CPA, Manager, Tax & Advisory
ASL High Net Worth Group
The idiom “Have Your Cake and Eat It Too” is defined by the Cambridge dictionary as “to have or do two good things at the same time that are impossible to have or do at the same time”. In this article, we will go over why we believe that Charitable Remainder Trusts (CRTs) are similar to this idiom. (more…)
Are you a multitasker? If so, you may appreciate an estate planning technique that can convert assets into a stream of lifetime income, provide a current tax deduction and leave the remainder to your favorite charity — all in one fell swoop. It’s the aptly named charitable remainder trust (CRT).
CRTs have been around for decades, and they continue to be a viable estate planning strategy in the wake of the Tax Cuts and Jobs Act (TCJA) and other recent tax legislation. (more…)