Tuesday, July 15, 2014
Charitable remainder trusts were plentiful in the mid 1980s to late 1990s, until the economic climate and tax laws changed. Now the time is right for charitable remainder trusts to trend again. A combination of tax changes and the baby boomers reaching peak age for creating them is credited with the predicted increase in creation of charitable remainder trusts.
See Holly Hall, Surge of Remainder Trusts Seen as Baby Boomers Age, Philanthropy, July 10, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.