Home / Special Report / Charitable trusts useful albeit complex tool for the wealthy (access required)

Charitable trusts useful albeit complex tool for the wealthy (access required)

Various types reduce income taxes while benefiting a charity

Those who set up charitable trusts often have a double motive—but in a good way. “People want to make charitable gifts, but they want the benefit of their money,” says Audrey Peartree, a partner at Harris Beach PLLC. Such vehicles can only serve the heart and pocketbook if they meet convoluted federal and state tax codes, have ...

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