Like Kind Rolling to a Charitable Remainder Trust

We’re covering tax strategies for like-kind exchanges this week. Another strategy that older people are using on the Section 1031 is to roll it all into a charitable remainder trust. This is a trust that is setup so that a charity receives either income or the capital (corpus) when you die. The advantage is that because the charity is involved, the asset can be sold without tax being doing. There are some strict requirements on what you can’t do and what you must do with this kind of trust, so definitely talk to an experienced attorney first.

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