This webinar will explore in detail the various aspects of Charitable Remainder Trusts and how they can be used in a transaction. We will be reviewing the advantages (many) and disadvantages (few) of the Charitable Remainder Trust (“CRT”). Particular focus will be on the very significant tax and other advantages resulting from the use of a CRT, especially in the context of sales of highly appreciated assets. The presentation will be made in the following order. First, a general description of what it is , how it works, what are the mandatory tax law requirements. Next , a review of choices in selecting a CRT structure to meet a client's specific financial, tax, estate and other planning needs. Then, a description of the general rules relating to the funding of the CRT and its subsequent operations. Finally a specific example of the benefits of a CRT for a particular client in the sale of his/her highly appreciated closely held stock, as well as the related fee possibilities for the client's financial advisor/investment banker.
Presented By: Richard K. Barlow; Keleher & McLeod, P.A.