Thursday, December 25, 2014

How split interest charitable trusts can be significant for donors - Part 1 - End-of-Year Charitable Giving Strategies

A Split Interest Trust have two parties:the income interest (donor or charity) and the remainder interest (individual, trust or charity.) You need to compute a 7520 federal rate and the distribute interest rate (whatever is the target income.) Charitable Remainder Trusts are one of the most popular charitable giving strategies financial professionals employ. Donors make an irrevocable gift to the trust, receive a tax deduction for the present value of the charitable interest. The remainder interest is the charity. Charitable Remainder Trust has some unique iterations: Charitable Remainder Annuity Trust and Unit Trust. This episode is part 1 of 2 shows on these advanced giving strategies available for tax and charitable planning. Syndicated financial columnist and talk show host Steve Savant interviews financial authors and speakers Mike Kilbourn, CLU, ChFC and Ron O'Dell, CFP on end of the year charitable planning for 2014.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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