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By transferring appreciated stocks or other property to a Charitable Remainder Trust (CRT) a taxpayer may: · Avoid capital gains taxes, both federal and state· Avoid estate taxes· Convert present ordinary income to future capital gains· Receive a charitable contribution deduction while retaining control over the stock or property· Engage in tax free tradingAlthough the CRT has been around since 1970, it has especially become popular in recent years. There have never been so many investors owning so much appreciated stock and mutual fund shares as there are today. With the federal capital gains tax now at 20%, the CRT becomes even more advantageous. The transfer of the appreciated property to the trust is not taxable. A deduction is allowed for the charitable remainder and the CRT may trade tax free, buy and sell stocks and securities tax free, as well as switch from income stock to growth stock. The CRT may be exempt from state and local taxes, such as income taxes, the Florida Intangible Tax on Securities, real estate taxes, etc. Property transferred to a CRT is not taxed in the donor's estate. Although the property is included due to the Retained Life Estate, an offsetting estate tax deduction is allowed. The donor is also assumed to be the income beneficiary and retains full control of trust assets for life. The Charitable Remainder Trust Calculator will calculate the savings of transferring appreciated stock and other property into a Charitable Remainder Trust. You can save the calculations for later use, and print a professional report for presentation to your client. PricingAt only $29.00 for electronic download, or $35 for diskettes, the Charitable Remainder Trust Calculator is quite a bargain. Order today. Our phone number is (763) 553-1824 or fax us at (7636) 553-1692.
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