Charitable Lead & Charitable Remainder Trusts Individuals

Charitable Lead & Charitable Remainder Trusts

Castro & Co. Can Help You Round Out Your Estate Plan

People build a charitable trust into their estate plans for all sorts of reasons. Some do it to reduce the estate’s tax liability, others do it promote charities that align with their values, and some do it to preserve their legacy.

Often, people incorporate a charitable trust into their estate for all three reasons; no matter what your reason is, you can build your charitable remainder trust with the help of our attorneys at Castro & Co.

Charitable trusts are irrevocable trusts, which can be difficult to change without experienced attorneys like ours to help you through the process. Castro & Co. can not only establish a charitable trust to safeguard your wishes, but we can work with you throughout your lifetime as your goals change.

Contact our attorneys online or call (833) 227-8761 to request a consultation where you can learn more about how we can help you build a charitable trust for your estate plan.

Which Kind of Charitable Trust Is Right for You?

There are two main types of charitable trusts people can choose from:

  • Charitable Remainder Trusts
  • Charitable Lead Trusts

What Is a Charitable Remainder Trust?

A Charitable Remainder Trust is one that provides beneficiaries with an income stream that pays out for a period of time. When that period is over, whatever is left in the trust can be given to a charity or a private family foundation. Not only can Castro & Co. help you establish a Charitable Remainder Trust, but we can also assist you with establishing the private family foundation.

What Is a Charitable Lead Trust?

A Charitable Lead Trust is essentially the opposite of a Charitable Remainder Trust. That’s to say that for this option, a steady income stream is paid out to a charity for a predetermined length of time. After this period, whatever is left in the trust is allocated to your beneficiaries. Most people employ this type of trust when they have quickly appreciating assets in it.

If you need legal assistance to establish or amend your charitable trust, reach out to the attorneys of Castro & Co. online for help.

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  • Tax Analysts
  • The Sydney Morning Herald
  • SMSF Adviser
  • Bloomberg Business
  • International Bar Association
  • The Wall Street Journal
  • U.S. News & World Report
  • CBS News
  • ABC News

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