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mktrujillo mktrujillo
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7 months ago
What is the difference between a charitable remainder trust and a charitable lead trust?

▸ Both a charitable lead trust and a charitable remainder trust allow the grantor to retain the cash flows of the asset given to the trust and the charity to possess the asset after the grantor's death.

▸ A charitable lead trust allows the grantor to retain the cash flows of the donated asset, while the charitable remainder trust provides income to the charity, after which the property goes to a beneficiary of your designation.

▸ Both a charitable lead trust and a charitable remainder trust allow the charity to maintain both the asset and the income generated by the asset.

▸ A charitable remainder trust allows the grantor to retain the cash flows of the donated asset, while the charitable lead trust provides income to the charity, after which the property goes to a beneficiary of your designation.
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Personal Finance

Personal Finance


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BlondieXBlondieX
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mktrujillo Author
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7 months ago
Thank you, thank you, thank you!
elizabetheldrid
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Yesterday
this is exactly what I needed
mikey3091
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2 hours ago
Thanks
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