A Charitable Remainder Trust is a way to donate money or property to your parish or the Archdiocese while retaining use of the property or receiving income on the money for an established period of time – a set number of years, your lifetime or until your children reach a certain age. A Charitable Remainder Trust is often beneficial in situations of large appreciated assets – such as a home or other property, stock, or a business interest – where an outright sale of the assets would mean large capital-gains taxes. Depending on how the trust is structured, you would be eligible for tax deductions either immediately or in the future for establishing such a gift.
A Charitable Remainder Trust can provide the peace of mind of knowing that your family and loved ones are taken care of while also ensuring the future of your parish or a favorite ministry. For more information about a Charitable Remainder Trust, please contact the Office of Development.
Note: All information concerning estate planning options is for informational purposes only. We recommend you contact a local attorney specializing in estate planning for information regarding your particular situation or to make changes to your current estate documents.
