Useful overview and presented in a logical fashion. The thing that might help some potential CRT investors/donors is to understand the actual range of operating costs over the life of a CRT/CRUT/CRAT. For example it's great that I can go and get 6% with some immediate tax relief, but if the operating costs of all this reduce that by 1-3% I'd probably come up with another plan.
Definately a different strategy. Can the original source of the income for the fund come from a tax exempt IRA or 401K? Or does it have to be money that has initially been taxed already (such as Investmetnt accounts and Roth IRA)?
Thank you for watching our channel and providing your questions. Please revisit the video at 7:11 minute marker. Troy explains how his hypothetical example nets a $172K tax benefit using a time value of money calculation. Regarding your second question, you would need to first create the CRAT. Afterwards, the account would need to be funded for the tax benefit to be created. Thanks again for your questions.
Great videos as always, but the special sound effect of the “swoosh” was very annoying.
Thank you @MrMoDriven - We hear you and will keep that in mind for future videos. Glad you enjoyed the content anyways!
Useful overview and presented in a logical fashion. The thing that might help some potential CRT investors/donors is to understand the actual range of operating costs over the life of a CRT/CRUT/CRAT. For example it's great that I can go and get 6% with some immediate tax relief, but if the operating costs of all this reduce that by 1-3% I'd probably come up with another plan.
Definately a different strategy. Can the original source of the income for the fund come from a tax exempt IRA or 401K? Or does it have to be money that has initially been taxed already (such as Investmetnt accounts and Roth IRA)?
Can an LLC be put into a trust just prior to selling it?
Thanks for creating this great video! But long term capital gain is 20%, not 30%
Good information but the sound effects are really distracting and completely unnecessary.
Thanks for watching, and for your feedback! We'll keep that in mind for future videos.
Can you explain how the $172k tax benefit is calculated? Am I correct in understanding that the $172k tax benefit is gained when the CRAT is created?
Thank you for watching our channel and providing your questions.
Please revisit the video at 7:11 minute marker. Troy explains how his hypothetical example nets a $172K tax benefit using a time value of money calculation.
Regarding your second question, you would need to first create the CRAT. Afterwards, the account would need to be funded for the tax benefit to be created.
Thanks again for your questions.
Sooooo … is this primarily a way to avoid RMDs?
Mind blown.
Glad you liked this one!