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Old 12-15-2014, 03:28 PM
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Charitable Remainder Trust from C-Corp

Can a (California) C-Corp donate real estate / or its corporate stock / or the monies from the sale of said real estate DIRECTLY to a Charity to form a Charitable Remainder Trust, whereas the Corporation is the Beneficiary of the 20-year income from the Trust?



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Old 12-15-2014, 09:15 PM
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Originally Posted by sasha101 View Post
Can a (California) C-Corp donate real estate / or its corporate stock / or the monies from the sale of said real estate DIRECTLY to a Charity to form a Charitable Remainder Trust, whereas the Corporation is the Beneficiary of the 20-year income from the Trust?
Charitable remainder trusts are usually set up for estate planning purposes. Ordinarily, a CRT funded with real estate will be structured so that there is no obligation to distribute any amount until the donated real estate has been sold. A gift of cash or marketable securities, in addition to the real estate, may also be advisable, so that the CRT has the liquidity it needs to meet its basic obligations ,i.e., paying the trustee and professional advisors such as the accountant who prepares the CRT’s tax returns.i guess you can contact boe of CA for more info indetal.



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