Charitable trusts good for present, future

Henning, Mike
November 2008
Hotel & Motel Management;11/17/2008, Vol. 223 Issue 20, p12
Trade Publication
The article discusses the benefit of charitable remainder trust (CRT) which is an irrevocable trust designed to pay income to its creator for life or for a period of years. The author said that the trust is exempted from income tax unless it earns unrelated business taxable income whereby trustee can sell assets and not pay gains tax on the sale. He explained that the donor will receive income from an asset base that is equal to the full value of the original contribution.


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