Charitable Remainder Trusts
A charitable remainder trust is a good option for those holding assets that have experienced significant appreciation.
How it works
- 1 Charitable remainder trusts can be established with cash, securities or real estate.
- 2The donor (the trustee) receives the income generated by the assets in the trust, while the capital remains intact.
- 3Upon the trustee’s passing, the assets from the trust are donated to Canadian Feed The Children. Alternatively, the trust can be set up to continue to provide for a surviving spouse. In this case, assets are donated only after the death of both trustees.
Importance of Professional Advice
We strongly recommend you consult your own lawyer or other professional advisor about the applicability to your situation.