If you’re charitably inclined but concerned about having sufficient income to meet your needs, a charitable remainder trust (CRT) may be the answer. In a nutshell, you contribute stock or other assets to an irrevocable trust that provides you with an income stream for life or for a set term. At the term’s end, the remaining trust assets are distributed to one or more charities you’ve selected. When you fund the trust, you generally can claim a charitable income tax deduction equal to the present value of the remainder interest. Contact us to learn more.