13447493, Charitable Remainder Trust seems like a better alternative
Posted by Cold Truth, Tue Nov-09-21 06:15 PM
as far as a short term gain goes.
Long term, I think a CRT would be a better option.
You get a million dollar cashout, you put that into a CRT and you can get 60-80K a year ( 6 to 8% a year) annuity over twenty years.
at 60K, you'd wind up with 1.2 mil over the life of it, though that income would be taxable. If you wound up with the higher end of that, at
Shit, you could take half, take that massive tax hit and still wind up with 230-250K as a lump sum, put the rest in a CRT and net a 30-4K return over that 20 year stretch, and more or less break even. You still wind up with more than a mil- and at the end of that 20 years, your charity/foundation of choice gets what's left of the trust.
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