Since the Moore's children are no longer active on the farm, the questions about preserving value and using assets to provide for a retirement have popped up. The Moore's view this as an opportunity to create retirement security, since neither managed to set aside much in their IRAs. The following chart seems self-explanatory, and they decided it made more sense to utilize the CRT as a retirement and tax planning tool and keep their assets in the community. In this case, they chose to fund a local hospital, a nursing home and a college in a nearby town, rather than let the IRS collect unnecessary tax and have the funds redirected to other non-local causes. Feel free to call for suggestions.
All investment returns are hypothetical with no guarantee of future performance.