This is convenient because it does not require setting up a new trust and can be particularly effective in conjunction with gifts from your will. Discuss your plans with an attorney who is experienced in this type of work. If you do not know an experienced estate planner, please contact the Office of Institutional Advancement. We can provide a list of attorneys. An individual or corporation experienced in handling the duties and responsibilities of a trustee and in whom you have confidence.
Many people select a bank or trust company as trustee, or co-trustees.
Ask your attorney or investment advisor for other suggestions. You might wish to include such a trust in your will as a way to provide income for a surviving spouse, parent, child or friend. After the trust expires a gift would go to Averett College. Generally speaking, highly appreciated assets that are not yielding much income are ideal assets to place in charitable remainder trusts. That could include real estate or securities.