"What's a CRAT?": Estate Planning Is More than Alphabet Soup

Everyone has an estate plan—whether they've created one or the state has one for them by default. In this episode of Purposeful Planning, we demystify some of the more advanced estate planning tools that go beyond basic wills. From charitable remainder trusts to grantor-retained arrangements, learn how these specialized instruments can help preserve your assets, support your favorite causes, and ensure your wishes are carried out efficiently.

Sources:

1. https://www.investopedia.com/terms/c/charitable-remainder-annuity-trust.asp
2. https://www.irs.gov/charities-non-profits/charitable-remainder-trusts
3. https://www.fidelity.com/viewpoints/wealth-management/insights/grantor-retained-annuity-trusts
4. https://smartasset.com/estate-planning/grantor-retained-income-trust
5. https://www.law.cornell.edu/wex/grantor-retained_unitrust
6. https://www.aspenwealthmgmt.com/estate-planning

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This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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