It is not often that we have the ability to eliminate capital gains tax on the transfer of an appreciated asset, obtain income for life and the life of our spouse, and receive a charitable deduction against current income tax. A Charitable Remainder Trust (CRT) is one of those solutions that accomplishes all of those objectives.
Presented by: Doug W. Davis, Davis Law Group, and Robin W. Tull Jr., CFP, Tull Financial Group. The Chesapeake Regional Health Foundation will be hosting an educational seminar on Estate Planning. We invite you to join representatives from Davis Law Group and Tull Financial Group on Thursday, Apr. 25 from 6:00 – 7:30 p.m. at the Lifestyle Center.
My previous posts focused more on the technical aspects pertaining to the Executor’s authority to hold title and sell the real estate. After recently handling the sale of real estate from several beneficiaries under a will, I think it will help to provide a more basic analysis of the process.
Like many, you may think that estate planning is simply the writing of a Last Will and Testament, but a Will is only one part of the process. Your estate plan does not have to be complicated, but it should be complete.