6,426,149
Not yet, will look into this.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
5,117,178
I have not. In fact, in over two decades I've not ever even had capital gains come into play.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
-
Bob Crane
Stevens Point, WI
1,202,697
I have not and I don;t know if my clients have done such
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
5,258,966
I have an CPA client who facilitates these but, he would have to explain the pros and cons.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Richard Weeks
Dallas, TX
1,598,452
No.
-
Debe Maxwell, CRS
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
2,071,025
No idea.
-
Debe Maxwell, CRS
Charlotte, NC
-
Valeria Mola
Sunny Isles Beach, FL
5,773,367
Michelle,
I think your best bet is consult a CPA and a tax attorney. A
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
469,510
No, never have used a CRT or been involved with one. Not exactly sure what one even is - sounds like proceeds of a sale go to a charity - thus avoiding being considered income or something along those lines. If I ever have a client looking to sell something to contribute to some cause or organization I will check into it at that time.
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
2,403,205
I have not Michelle Carr-Crowe Just Call 408-252-8900 Top 1%! . I worked with very few investors with the exception on builders and developers. None of which used a CRT.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
7,871,821
5,246,557
Never used one!
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
4,907,547
I have not; however, sounds interesting.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,195,824
I'm interested !
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,222,281
1,555,095
No, not in 20 years. And given I've had no experience in this; it's not a question I or any REALTOR who hasn't should answer. It's advice that exceeds our license, unless you're telling astory about how a client of yours did it.
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,242,204
A competent CPA will be a better person. A tax lawyer is even better.
Me pay tax.
-
Debe Maxwell, CRS
Charlotte, NC
4,968,101
All good question but do not know anything about it.
-
Debe Maxwell, CRS
Charlotte, NC
1,507,073
5,879,816
1,326,624
My alma mater has suggested that I use a CRT. I can't imagine why they think I need such a device. My estate is not so large that there will be much left over after I spend my way through retirement and take care of my loved ones with bequests.
2,290
I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!
The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.
Best Regard
2,390
Other vehicles that can achieve the same thing in different ways are residual charity trusts (CRTs). I know a little about them but haven't explored this concept in detail.
I have been accused of being greedy because I parked my dollar donated in an advisory fund before removing it; I can't imagine what people who don't know if I use a CRT!
The IQ calculator maker offers to compare and differentiate both, and it shows one way in which both can be used together to eliminate one of the disadvantages of a CRT.
Best Regard
3,350,764
2,672,939
Thanks all. I've read of people using this strategy. I hoped someone else here had done it and could share some helpful info.
348,308
For trusts you'll want to also speak with a trust or estate planning attorney.
5,583,328