Elite Advisor Forum: The Benefits of Early Termination of a Charitable Remainder Trust

Scott Harshman’s article "The Benefits of Early Termination of a Charitable Remainder Trust" was published by the Elite Advisor Forum.

The Charitable Remainder Trust (CRT) is a common estate-planning device used to defer income taxes, provide an income stream for the life of the grantor, and make a gift to charity upon the grantor’s death. After formation of the CRT, the beneficiaries may decide, for various reasons, to terminate the trust. If the CRT is terminated, the income beneficiary can receive a current lump sum distribution of assets (usually cash or marketable securities) or a current income tax deduction and provide a current lump sum of assets to a charitable organization.