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Tag Archives: charitable remainder trust

charitable trust in naples

What is a Charitable Remainder Trust?

By Nici Law Firm, P.L. |

A charitable remainder trust (CRT) is a type of irrevocable trust that creates an income stream to a named beneficiary (yourself or other named beneficiaries) for a specified term of up to 20 years or the life of one or more beneficiaries. At the end of that period, the remaining assets in the trust… Read More »

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Two Types of Charitable Trusts

By Nici Law Firm, P.L. |

A charitable trust refers to a type of trust created to benefit three specific parties: yourself, your beneficiaries, and a charity of your choosing. Irrevocable upon creation, a charitable trust operates by selling the assets within the trust and distributing them based on the terms created by the trust. While the inner workings of… Read More »

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