Tag: trust beneficiaries
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The Charitable Remainder Trust: Who Uses It, How It Works
A charitable remainder trust (CRT) is an estate planning tool for people who want their estates to ultimately go to a registered nonprofit. The person who creates the trust, and/or others listed as beneficiaries, draw(s) income from the trust for a period. At the end of the trust term (or when the last named beneficiary…
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Is It Time to Place Your Home in a Living Trust?
With a revocable (living) trust, you can assume the role of trustee, and stay in control of your real estate during your lifetime. After you pass away, your living trust becomes a substitute for probate. This is especially helpful if your estate would otherwise face multiple probate processes because you have real estate in several…
