Charitable Impact

One Powerful Strategy to pay less tax, boost your wealth and make an impact

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Interesting strategy to help you pay less taxes, receive a stream of income, and make an impact to causes you are passionate about.

Lets learn about the

Charitable Remainder Trust (CRT)

-Add Capital

  • Cash or Stock

-Immediate Tax Deduction

-If using appreciated stock, when you sell it, there is no capital gains tax

-You can set up a stock portfolio within the trust and that additional income is tax-deferred, similar to an IRA or 401K.

-Once you have a CRT set up, you get a stream of income for a term of years (for you or someone you name)-This is the only amount taxed

-Whatever amount remains (has to be at least 10%) after the term of distributions, the remainder goes to a charity to make the world a better place

Two Types of CRT

-Charitable Remainder Annuity Trust (CRAT)

  • You select a fixed amount for your stream of income. If the value of the trust varies, you continue to receive the amount originally selected.
  • You cannot add additional money to the trust.
  • Ideal for a one-time situation.

-Charitable Remainder Unitrust (CRUT)

  • You choose a percentage of the current market value (CMV) for your income stream. If the market value decreases, so will your income stream.
  • You can add money to the trust over the term.
  • Ideal if you are looking to maximize your income in a high-growth portfolio within the trust.

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Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Gold Family Wealth, LLC), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Gold Family Wealth, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Gold Family Wealth, LLC is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of the Gold Family Wealth, LLC’s current written disclosure statement discussing our advisory services and fees is available upon request. If you are an Gold Family Wealth, LLC client, please remember to contact Gold Family Wealth, LLC, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services.

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