Tip of the Day
If you want maximum flexibility and maximum effectiveness in your giving, consider a charitable remainder trust (a CRT) benefitting American Red Cross.
Charitable remainder trusts come in two versions:
- A unitrust pays you and/or other beneficiaries income as a fixed percentage of value of the trust principal. The unitrust is revalued annually, and income in excess of the percentage payout is reinvested.
- Alternately, an annuity trust pays you and your beneficiaries a fixed income.
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