Charitable Remainder Trusts

When you establish a Charitable Remainder Trust, you transfer cash or appreciated property to a trust administered by a trustee of your choice. The trust pays an income to you or your chosen beneficiary(ies) for life or for a specified term of up to 20 years. At the death of the last surviving beneficiary or upon termination of the term of years, the trust principal is given to the NBSO designated to programs you wish to support. There are two types of Charitable Remainder Trusts: the Charitable Remainder Unitrust and the Charitable Remainder Annuity Trust.

Please consider talking with a financial advisor, estate planning lawyer or other qualified advisor regarding a will, a living trust or whatever else may best suit your unique needs. Tax laws and gift options continue to change, and it is best that you understand all your options.

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