They said stock now worth $50,000 that cost $20,000 could be put in a charitable remainder trust.
The first step is the charitable remainder trust.
Under a remainder trust, assets are signed over to a charitable organization for a specific period of time.
Setting up a charitable remainder trust is a possibility.
Using a remainder trust, she can give the asset to a charity, which sells it and owes no taxes.
The most popular version is a "charitable remainder trust" where the principal goes to Harvard upon the donor's death.
Another is the charitable remainder trust, which enables individuals who have made a killing on a stock to avoid paying capital gains.
For those thinking about creating a charitable remainder trust, the expected rise in rates may have a major impact.
The charitable remainder trusts, which are so common today, they pioneered them 40 years ago.
The vehicle for this tax break is the charitable remainder trust.