[WSBAPT] Charitable Remainder Trust v. Living Trust

[Maureen Ray]

Hello colleagues!  This is my first time coming to the font, and I appreciate any direction you might give.  I have a client who wants to make a testamentary gift to charity of her half of community real estate and cash and securities.  The size of her estate is just over the WA estate tax exemption equivalent (and roughly half of the federal equivalent).  As regards the real estate, there is a question whether her husband would sign over his half-ownership.  Should I first work on getting a Marital Agreement signed so that her half ownership of the real estate is established?  After that, would a charitable remainder trust be better than a grantor trust because of the tax benefits inherent in the CRT?  Any suggestions for a good bank to act as trustee, and possible executor, would also be appreciated.

Thanks so much,

Maureen E. Ray
P.O. Box 1711
Poulsbo, WA 98370
360-930-0637
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