          
          
          
          
          What It Can Do for You:
          
          
               So, let's consider just what the creation of a CRT
          can accomplish for you.  Properly drafted, formulated
          and managed, a charitable remainder trust is an
          excellent "transfer tax" avoidance instrumentality that
          can -
               *  avoid completely any capital gains tax payment
          on your appreciated property, regardless of the
          original cost basis;
               *  convert your low-yield property into a high
          income investment guaranteed to provide you and your
          spouse the financial security of lifetime income,
          immediate or deferred, with greatly reduced income tax
          consequences;
               *  serve as a vehicle to receive the "roll over"
          of your qualified pension plan or Individual Retirement
          Account (IRA), increasing both retirement income and
          tax savings;
               *  provide you with an immediate substantial
          charitable income tax deduction against your taxes for
          the year in which the CRT is created;
               *  diminish estate and inheritance taxes on that
          property - and avoid the probate mess as well; and
               *  allow a greatly increased inheritance for your
          heirs, financed by the tax savings and increased income
          your CRT will provide.
               Sounds too good to be true - or to be legal in
          present day, tax-oppressed America?
               Read on; first about "trusts" in general for a
          little background course, then about CRTs in all their
          legal glory.
               A point to keep in mind as you refresh your
          knowledge about trusts - a charitable remainder trust
          is what is known in the law as an "irrevocable living
          trust," a concept we will explain in detail.
          
          
          
          
