Historically, charitable giving rises about one-third as fast as the stock market. While the stock market gains of 2010 remain slight (Dow is up 1.13% at the time of this writing), New York residents may still want to consider using the charitable remainder trust (CRT) in their estate planning.
This trust works well for those who:
• hold highly appreciated assets • desire an income stream off of the assets • want to donate to charity; and • achieve tax benefits.