
Rich Young & Powerful
Ep.101 - Charitable Remainder Trusts: Give More, Create Income & Leave a Legacy
What if an appreciated asset could provide income for you today and ultimately create a lasting impact for a cause you care about? A Charitable Remainder Trust, or CRT, is an estate and charitable-giving strategy designed for people who want to be generous without simply giving an asset away and receiving nothing from it during their lifetime. In this episode of Rich Young & Powerful, Andrew McNair breaks down how Charitable Remainder Trusts work and why they may appeal to families with highly appreciated assets who also have a desire to give. You’ll learn: • What a Charitable Remainder Trust is and who may benefit from one • How appreciated assets can be transferred into a CRT • How the trust can create an income stream for the donor or other beneficiaries • The role charitable tax deductions and capital gains considerations can play • Why the assets placed into a CRT are irrevocable • What happens to the remaining assets at the end of the trust term • Important limitations and tradeoffs to understand before establishing one • Why estate, tax, investment, and charitable professionals may all need to be part of the conversation A CRT isn't right for everyone. But for someone who has accumulated significant wealth and wants that wealth to accomplish more than simply being consumed, it can create an intersection between income, generosity, stewardship, and legacy. Because ultimately, wealth isn't only about what you keep. It's about what you can do with what you've been given. Rich Young & Powerful explores wealth, faith, generosity, purpose, and what it means to invest your life into something that will outlive it. Find more resources at RichYoungPowerful.com/blog . Check out our YouTube channel at Everyday Philanthropist and grab a copy of Andrew’s book, The Giving Crisis at RichYoungPowerful.com/book . Please subscribe, rate, and review! Subscribe to the Everyday Philanthropist YouTube channel for more https://www.youtube.com/@RichYoungPowerful/videos For more resources go to RichYoungPowerful.com/blog Purchase Andrew’s book, The Giving Crisis at RichYoungPowerful.com/book Follow on social media! Follow on TikTok www.tiktok.com/@andrew_mcnair Follow on LinkedIn https://www.linkedin.com/in/andrewsmcnair/ Instagram https://www.instagram.com/andrewmcnair/






