Is it possible to sell assets which have gone up substantially in value without paying capital gains or income taxes? Yes, by using a device known as a Charitable Remainder Trust. This type of device must be created and assets must be transferred into it before any documents are signed to sell the assets. This entire strategy can save your family substantial amounts, but must be done very carefully.
-Attorney Jack N. Alpern
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
- How Do I Trust Thee…Part I - July 1, 2022
- Just When You Thought You Understood the 10-Year Rule, Think Again - April 4, 2022
- Charitable Planning in Times of Crisis - November 1, 2021
