Webinar: Selling a CRT Income Interest
People often think they are locked into their charitable remainder trust (CRT) because the trust is irrevocable. While a CRT is an irrevocable trust, the trust’s income interest – which you own – is a capital asset that can be sold. A sale converts your future CRT income into a cash payment today and shifts all future administrative responsibilities for the CRT to the buyer.
On this informative webinar presentation, Evan Unzelman, CEO of CRT Experts, discusses selling a CRT income interest. He covers the legal and tax authorities for selling an income interest and the capital gains tax treatment, why people choose to sell, how the sale process works, and answers common questions, such as:
- How is the sale price determined?
- What costs are involved?
- What are my responsibilities after the sale?
- Can the buyer change the charitable beneficiary?
It is an informative and relevant presentation for anyone who has a CRT, and will be of particular interest if any of the following is applicable:
- You are trying to simplify your financial affairs
- You created your CRT 10 or more years ago
- You prefer cash today over waiting for future CRT distributions
- You would rather have your CRT benefit your children
- You want to get rid of the CRT’s annual administrative hassles
FAQs: Selling a CRT Income Interest
Evan Unzelman, CEO of CRT Experts, answers frequently asked questions about seliing an income interest in a charitable remainder trust.
Webinar: Optimized CRT Design
Evan Unzelman, CEO of CRT Experts, discuss flexibility that is available but not often utilized when creating CRTs. The presentation focuses on two topics in particular:
Trust Duration: A CRT can be structured so that after the donor and spouse die, the donor's children can receive the income. In many cases, after the children die, the donor's grandchildren can also receive income. There is no stated maximum possible term, but the expected life of most CRTs can be fifty to sixty years.
Income Deferral: A properly constructed and properly managed CRT can provide for periods of tax-free deferral when no payments are made to the beneficiaries and the trust assets grow tax-free. This can significantly increase the income paid to future beneficiaries while reducing the taxable income of current beneficiaries.
For each component, Evan discusses how it works, how it’s implemented, and how to ensure it's being fully utilized.
Video Testimonial
Evan Unzelman, CEO of CRT Experts, interviews Dr. Doug Ritchie about his recent experience selling his CRT income interest through CRT Experts.
Webinar: CRTs as "Stretch IRA" Substitutes
Without planning, the SECURE Act requires heirs to withdraw and pay tax on an inherited IRA within ten years. If implemented correctly, designating a charitable remainder trust (CRT) as the beneficiary of an existing IRA creates more lifetime spendable income for heirs, reduces income taxes during the crucial ten years following the client’s death, and maximizes overall family wealth. Evan Unzelman, founder and CEO of CRT Experts, discusses how it works, who's a fit, and how the planning is implemented.
Overview: Selling a CRT Income Interest
In this overview, Evan Unzelman, founder and CEO of CRT Experts, explains how selling a CRT income interest works, why people choose to sell, and the often beneficial tax considerations.
