Charitable Remainder Annuity Trust

A Charitable Remainder Annuity Trust, is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor's specified beneficiary. When the donor dies, the remainder of the trust is transferred to the charity. For example if I wanted to "" or "sell my gold" I would contact a collateral lender or pawnshop in say Beverly Hills or Los Angeles, get the most cash for it, then make the money work for me by investing in a charitable remainder annuity trust, a portion of this is paid to you every month and the portion of this that remains in account when the investor passes is donated to a charity or given to the listed beneficiary named, instead of letting that value set in a jewelry box, when you "sell your gold" or sell your diamond the money works for you, and dose good for the charity named.

Charitable trusts such as a CRAT require a trustee. Sometimes the charity is named as trustee, other times it is a third party such as an attorney, a bank or a financial advisor.

Famous quotes containing the words charitable, remainder and/or trust:

    Family ... the home of all social evil, a charitable institution for comfortable women, an anchorage for house-fathers, and a hell for children.
    J. August Strindberg (1849–1912)

    Do not undervalue the headache. While it is at its sharpest it seems a bad investment; but when relief begins, the unexpired remainder is worth $4 a minute.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    Liberty, as it is conceived by current opinion, has nothing inherent about it; it is a sort of gift or trust bestowed on the individual by the state pending good behavior.
    Mary McCarthy (1912–1989)