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Welcome to the Financial and Estate Planning Council of Metro Detroit Charitable Remainder Trust

Welcome to the Financial and Estate Planning Council of Metro Detroit Charitable Remainder Trust. Presented by Michael W. Halloran, AEP , CLU , ChFC , CFP ® November 1, 2011. Annuity Trust . Fixed Payment Future Contributions . Mechanics of a CRT. Unitrust . Percentage of payment

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Welcome to the Financial and Estate Planning Council of Metro Detroit Charitable Remainder Trust

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  1. Welcome to theFinancial and Estate Planning Council of Metro Detroit Charitable Remainder Trust Presented by Michael W. Halloran, AEP, CLU, ChFC, CFP® November 1, 2011

  2. Annuity Trust Fixed Payment Future Contributions Mechanics of a CRT

  3. Unitrust Percentage of payment Future contributions Mechanics

  4. Mechanics • Termination of Trust

  5. Advantages • Charitable Gift • Tax Deduction • Estate Consequences

  6. Tax Consequences

  7. Income Tax at Formation

  8. Taxation on income distributions • Ordinary income • Capital gains • Tax-exempt income • Corpus

  9. Gift tax • Income interest in non-charitable beneficiary. • Annual exclusion and marital deduction. • Charitable deduction for present value of remainder interest.

  10. Estate Tax • Inclusion • Deduction

  11. Common Features • Irrevocable B) Distributions Frequency C) Sprinkle provisions D) Expiration of Trust E) Lives and years • Living individuals • Duration

  12. Payouts • Minimum • Maximum

  13. Remainder Interest Rules

  14. Wealth Replacement Ideas • Life Insurance • Individual Life Insurance • Joint and Last to Die Life Insurance

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