Charitable Remainder Annuity Trust

How It Works

1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
3. Remainder to Beaumont Health for purposes you specify

Benefits

• Payments to one or more beneficiaries that remain fixed for the life of the trust
• Federal income-tax deduction for the charitable remainder value of your interest
• No capital-gain tax when trust property is sold
• Trust remainder will provide generous support for Beaumont Health

More Information