My father in law has a CRUT that he is wanting to set up with a brokerage account. After talking to him about it for a while I was thinking "why the hell don't I have one of these". No capital gains tax and you are able to write off contributions. I believe he can withdraw 10% annually which to me isn't that bad of a deal. Another draw back is once the beneficiaries are dead the principle goes to a selected charity but from what I understand there are ways "around that" also. So anyone with experience in this area please offer up your opinion. Thanks.
Submitted September 29, 2018 at 09:51AM by zghorner https://ift.tt/2NbbbCr
