"What's a CRAT?": Estate Planning Is More than Alphabet Soup

Everyone has an estate plan—whether they've created one or the state has one for them by default. In this episode of Purposeful Planning, we demystify some of the more advanced estate planning tools that go beyond basic wills. From charitable remainder trusts to grantor-retained arrangements, learn how these specialized instruments can help preserve your assets, support your favorite causes, and ensure your wishes are carried out efficiently. 

Sources:   

1. https://www.investopedia.com/terms/c/charitable-remainder-annuity-trust.asp 
2. https://www.irs.gov/charities-non-profits/charitable-remainder-trusts 
3. https://www.fidelity.com/viewpoints/wealth-management/insights/grantor-retained-annuity-trusts 
4. https://smartasset.com/estate-planning/grantor-retained-income-trust 
5. https://www.law.cornell.edu/wex/grantor-retained_unitrust 
6. https://www.aspenwealthmgmt.com/estate-planning  

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  

This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice. 

This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings. 

Hosted on Acast. See acast.com/privacy for more information.