Charitable Trusts Explained | Introduction to Advanced Charitable Strategies

Do you have a retirement plan that efficiently funds your lifestyle and charitable goals? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at [phone] or go to www.safeguardi....
As part of your retirement and legacy plan, do you plan to give to charities and causes you care deeply about?
Many retirees wait until they pass away to give. Often, charitable planning can be accomplished more efficiently while still alive. In fact, it can help you tax plan more efficiently while you're still alive as well.
In this Wealth Wednesday, we are going to cover a few lesser-known legacy planning strategies that relate to charitable trusts. We will discuss:
✅ What is the difference between charitable lead trusts, charitable remainder trusts, charitable remainder unitrusts, and more...
✅ How you can earn a charitable deduction while still living to ease a tax burden while performing a tax strategies like a Roth Conversion
✅ How to ensure you build a charitable trust properly to efficiently meet your retirement and planned giving goals
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Always remember, "You Don't Need More Money; You Need a Better Plan"
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Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on KZbin is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at www.safeguardi...

[@robn.5932]

Tony, you and Eric put out some of the best content on KZbin. Thanks

[@SafeguardWealthManagement]

Wow, thank you Rob!

[@cliffd7164]

Can a CRT be used to reduce tax impact of RMDs? i.e. instead of giving a portion of an RMD to a charity, route it to a CRT and build that CRT over time. The money would be irrevocably committed to a charity but not actually given until death. Would that have any beneficial impact on taxable income?

[@pattya1679]

You talk about receiving income from a CRUT or an NIMCRUT. Is that income tax free? $50K a year is a lot of income. If it is tax free, it is well worth it especially if your charity is your heir. I see at 4:36 that it is taxed as ordinary income, then capital gains, then tax free munis depending how it is invested... So i have another question. Do you think it is something that is worth doing with $100K?

[@jaycox1836]

The charity could be a legitimate 501.3c family Foundation that happens to employ your heirs?

[@jakobh6257]

Very helpful, thank you 👍

[@SafeguardWealthManagement]

Our pleasure!

[@new2pulsechain875]

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