Charitable Remainder Annuity Trust
How It Works
- Create trust agreement stating terms of the trust; transfer cash or other property to trustee
- Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
- Remainder to Miss Porter's School for purposes you specify
Benefits
- Payments to one or more beneficiaries that remain fixed for the life of the trust
- Federal income-tax deduction for the charitable remainder value of your interest
- No capital-gain tax when trust property is sold
- Trust remainder will provide generous support for Miss Porter's School
More Information
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