A Charitable Remainder Trust is created when you irrevocably transfer property, such as cash, marketable securities or real estate, to a trustee. You receive income from the trust during your lifetime and the property is transferred to JA Southern Alberta upon your death. JA Southern Alberta will issue a charitable donation receipt for the value of the residual interest in the trust at the time it is established.
Benefits of a Charitable Remainder Trust
- You retain an income stream from a property without having management responsibility.
- You generate current tax savings,
- You provide a future gift to your charity of choice to be used as per your directions.