Self Directed IRA's Charitable Trusts People generally don't think of trusts as a tool for financial planning. But that is exactly what they are. A trust can be an excellent way to gain tax advantages, secure present or future income, or provide for a loved one during your lifetime and beyond.
Charitable trusts offer several advantages.
In so doing, you gain an income tax deduction for your charitable contribution in the year in which the trust is formed, or you can carry the deduction forward five years. But there are other benefits as well. Charitable trusts are surprisingly flexible and can easily be tailored to combine your family and charitable interests. Powered by GS Net.