charitable remainder trust
if i have 1000000 dollars in roll over IRA and wants to put in CRT IS THERE estate tax? will my beneficiary can get income for 20 years before balance to charity? what percent they can get every year?
if i have 1000000 dollars in roll over IRA and wants to put in CRT IS THERE estate tax? will my beneficiary can get income for 20 years before balance to charity? what percent they can get every year?
Permalink Submitted by Bruce Steiner on Sat, 2021-03-06 00:37
See my article on charitable remainder trusts as beneficiaries of retirement benefits in the April 2020 issue of Trusts & Estates: https://www.kkwc.com/wp-content/uploads/2020/06/Charitable_remainder_trusts_replicate_the_stretch_-_Trusts__Estates_4_2020.pdf.
The value of the charity’s interest (usually 10%) is deductible for estate tax purposes. However, the principal benefit of this is the ability to replicate the stretch.
Bruce Steiner