Charitable Remainder Trusts
7. How CRT Works (3)
After you die, the charity or charities you have specified will receive the assets that are left in the trust. That's why it's called a charitable remainder trust -the charity receives the remainder of the trust assets.
You may be thinking, "Why not just sell the asset and invest the proceeds myself?"
Of course, you could, but you would pay more in taxes and there would be less income for you. Let's look at just one example.