While higher tax rates have increased high-net-worth clients’ interest in charitable remainder trusts (CRTs), increasing the lettering that goes with CRTs also may increase the planning possibilities.
“Going beyond the standard CRAT or CRUT to a NIMCRUT or a Flip CRUT adds a tremendous amount of flexibility,” says George Chamberlin, principal at Richmond, Virginia-based Mentor RIA Consulting. “An advisor can help clients receive income when it’s most needed.”
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