Why a Charitable Remainder Trust might be of interest to you

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Estate law Meurer Law Offices Denver CO

Why a Charitable Remainder Trust might be of interest to you

A CRT allows you to convert certain key assets, such as real estate investments or stocks held, into a lifetime income while avoiding paying Capital Gains Tax when the asset is eventually sold. At the same time it reduces both your income and estate taxes, while also allowing you to help a charity, perhaps one really important or personal to you, to benefit.

The first step is to transfer such assets into an Irrevocable Trust, which removes them from your estate for such tax purposes. Although an Irrevocable Trust, it is possible to change the Charitable Beneficiaries.

If you would like to consider taking this action, it makes sense to talk it through with our experienced estate planning attorney team at Meurer Law Offices. We can be contacted, here in Denver, on 303-991-3544…

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