The property in the trust is then sold and reinvested to provide income. You generally retain a lifetime interest in the income generated by the trust, and when the trust expires at your death, the remaining property in the trust is transferred to the charitable organization.
A wealth replacement trust is a planning tool in which a donor uses the income or tax savings from establishing a life-income gift, such as a gift annuity or charitable remainder trust, to buy life insurance to replace the assets that he or she is giving away.
A Wealth Replacement Trust is an Irrevocable Life Insurance Trust that works in tandem with a Charitable Remainder Trust to replace wealth transferred to the charity, which allows you to maximize your charitable deduction with no reduction in the wealth you transfer to the next generation of your family, while ...
Pros of a Charitable Trust:
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