For persons who may not want to give up the current enjoyment of certain property, but are willing to give a charity a remainder interest which will take effect at death, charitable remainder trusts are an ideal solution. Charitable trusts minimize federal income and estate taxation. The favorable tax treatment accorded other methods of making charitable gifts applies to charitable remainder trusts as well.
Charitable trusts are flexible enough to meet the donor's needs and objectives.
They enable the donor to provide a definite guaranteed income for themselves or another beneficiary. There is relief from administrative detail since investment and management chores disappear when property is placed in trust. The trustee does all the work, all the accounting and gives detailed written reports. Because trusts are completely private, publicity is avoided. Wills are generally open to the public.