Charitable Remainder Trusts 1: Introduction

[@kwaicheng8895]

So amazing video, Professor Russell James! May good karmas return to you for every donation and tax saving for all viewers. Thank YOU and thank YOU!

[@ronaldvaughn7087]

Professor Russell James What A Blessing You Are To Share This Invaluable: Charitable Remainder Trust Introductory Video. Which Has Got To Be The Best On KZbin Thanks A Million !! Sir.

[@EncourageGenerosity]

Wow, thank you!

[@heavenismydomicile3280]

@@EncourageGenerosity just curious,what are the ramifications of a standard crut or standard crat owning an llc?ESPECIALLY when it comes to ubit.

[@SafeFirm]

Yea. The best video 👍🏼👍🏼👍🏼

[@billking2314]

EXCELLENT EXPLANATION & VISUALS

[@EncourageGenerosity]

Thanks!

[@vance5425]

Excellent.

[@monetarymindset_]

Awesome video. Very clear.

[@jamesaustin7980]

Excellent series, Sir. Please consider similar for Private Membership Associations, and compare the two. Thank you.

[@EncourageGenerosity]

Great suggestion!

[@holtella]

Interested by the idea of setting the charitable beneficiary of a CRT to a Private Family Foundation, although not sure I fully understand what the benefit of that approach is to the donor vs. just creating the PFF upfront and donating directly to it

[@askartop2628]

brilliant! thnx!

[@Jeff-gd8ev]

Thanks, great video. Two questions: 1) Are there any special considerations of donating a property purchased via a 1031 Exchange to a CRT? 2) I assume payments received by the beneficiaries during the donor's life are treated as taxable income, right?

[@marcel84marcel]

I plan on doing this white my cryptocurrency. Excellent video.

[@Yahweh-dn9cv]

I just thought of that ,crts & crypto

[@MK3SupraSteve]

Same

[@surangi77]

excellent info ! Is there anyway your team is available for consultaions ?

[@SteveRichfield]

How about a unitrust with NO charity connections? How are they taxed - at 37%, or passed through to the 5% recipient?

[@EncourageGenerosity]

At least 10% of the present value of the transfer must be projected to transfer to charity, otherwise it is disqualified as being a charitable remainder trust. At that point it's just an irrevocable trust which pays all taxes like an individual and does so using a compressed rate schedule.

[@arunmisra171]

Good Job

[@somers2020]

I will serve as Trustee and Investment Manager. Do I really need a Trust Administrator? Or just a CPA? Or maybe just me and TurboTax?

[@somers2020]

I think a CRUT will be best for me, but maybe a NIMCRUT. With a NIMCRUT, do you HAVE to take the lesser of the fixed % or that year’s income? Can you choose the fixed % even if your income for the year was less?

[@carrie4579]

Does CRT need to file 1041 tax return each year?

[@carrie4579]

Who design and creat CRT trust? An attorney?

[@carrie4579]

What is the cost of design and create a CRT?

[@lastcall8286]

Thanks

[@romee-elise]

Thank you!!

[@somers2020]

Do I need a Qualified Appraisal for any Charitable donation to the CRT? Or only if it is property?

[@PickADeed]

Sooo.... This means that i can use it on my website for a donor to another, like a "crowdfund" to a gift that someone wishes? or am I wrong?

[@lifemadeeasy6444]

I have two buildings that are highly appreciated. One is 40% owned and share with two other people in a LLC, the other is 30% owned and share with one other people in a S corporation. After we viewed your educational CRT KZbin, we are thinking putting them in a CRT and sell them..... Our question is: can I just form one CRT and put my two shares of the buildings in it, or I have to create two separate CRT, one for each building?

[@EncourageGenerosity]

One CRT can hold multiple assets.

[@Yahweh-dn9cv]

@ Russell james,Can a crt name a non natural person be an annuitant,(I.e.llc)can a non us citizen non resident alien be an annuitant?can a crt donor use a distribution as collateral for a loan,I.E.(a person borrows money from a bank,in exchange for the lender to replace the donor as the recipient of the distribution)

[@lifemadeeasy6444]

Very Educational! One question: if a CRUT distributes 5% annually to 4 people (lives), is there any requirement how to distribute it? does it have to be equally among the 4 lives?

[@EncourageGenerosity]

A CRT can distribute to 4 people, but not for 4 lives. 2 is the maximum number of measuring lives. (And given current 7520 rates these measuring lives have to be relatively old.) The distributions can be unequal.

[@starseedawakened5897]

Is it ok the change the profitable crypto to UDST before you to send to the CRT?

[@Yahweh-dn9cv]

Seek financial advice from a cfp

[@jmeraz77]

Great info, thank you!! Can you give me a rough idea of how long it normally takes to set up a CRT?

[@mathias88888888]

For a trust for a set period of years, when does the timer start?

[@stanleymasterson1135]

At the inception of the trust

[@heavenismydomicile3280]

Can an llc be a crt beneficiary?

[@EncourageGenerosity]

The remainder beneficiary has to be a charitable entity.

[@heavenismydomicile3280]

@@EncourageGenerosity i meant could 1 or more of the non charitable beneficiaries be an llc,or even a nonresident alien

[@captainsisko7629]

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