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Choosing A Charitable Remainder Trust | Pennsylvania Charitable Trust

Question: When would I use a charitable remainder trust in Pennsylvania?


Learning if a charitable remainder trust is truly right for you is best left to the advice of a Pennsylvania charitable trust attorney.

But generally, a charitable remainder trust is recommended for individuals whose properties and assets being distributed fall under 1 or more of the following categories.

Benefit distribution would cause a significant tax liability. If upon delivery of the benefits a sizable tax liability would be attached, you may want to consider a charitable remainder trust. This is because this type of trust is tax exempt. This means the tax-free sale of appreciated assets is permitted and beneficiaries can receive the full value of the distributed income.

Benefit income is required now and/or in the future. Beneficiaries of a charitable remainder trust may be designated as the actual person setting up the trust, his or her spouse, or another individual.

Therefore, if you would like to receive full value of your assets now or at a specified time in the future, you can arrange to have that done. Keep in mind, beneficiaries are not restricted to individuals alone. Corporations, partnerships, LLCs or trusts also can be named as recipients.

Desire to support charitable interests and goals. A public or privately controlled charity may be named to receive the remaining assets of the trust once the initial beneficiaries receive their portion. The remaining assets can be split so that more than one charitable organization can receive donations.

Contact a Pennsylvania Charitable Trust Attorney

If you’re considering setting up a charitable remainder trust, an attorney at Unruh Turner Burke & Frees can help. Give us a call at our offices in West Chester: (610) 692-1371; and Phoenixville: (610) 933-8069.



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West Chester, PA
17 West Gay Street
P.O. BOX 515
West Chester, PA 19380
(610) 692-1371
Phoenixville, PA
120 Gay Street
P.O. Box 289
Phoenixville, PA 19460
(610) 933-8069