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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">Hi Maureen,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">Charitable gift planning is a significant part of my practice, and I would be happy to talk with you about your client’s planning needs.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">Based on the information you provided, I doubt that a testamentary charitable remainder trust would provide your client or her husband substantial income or estate
tax benefits. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">A testamentary marital trust or, perhaps, a testamentary charitable gift of the real estate subject to a retained life estate (for the husband’s benefit) would
likely accomplish her goals with less hassle or chance that something could go wrong. She could even consider gifting the real estate now while retaining a life estate for both of them.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">Hope this helps,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171">John<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959">John Creahan</span><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959"><br>
<a href="mailto:john@cairn-law.com"><span style="color:#595959">john@cairn-law.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959">1325 4<sup>th</sup> Ave., Suite 940<br>
Seattle, WA 98101<br>
206-621-5848<br>
<a href="http://www.cairn-law.com/"><span style="color:#595959">www.cairn-law.com</span></a></span><span style="font-size:12.0pt;font-family:"Tw Cen MT",sans-serif;color:#4F6228"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#39471D"><img border="0" width="161" height="60" id="Picture_x0020_1" src="cid:image001.png@01D261DD.698C1320" alt="cid:image001.png@01CE636C.3EB992D0"></span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#767171"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Book Antiqua",serif;color:#767171"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Maureen Ray<br>
<b>Sent:</b> Monday, December 26, 2016 11:40 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Charitable Remainder Trust v. Living Trust<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks so much,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Maureen E. Ray<o:p></o:p></p>
<p class="MsoNormal">P.O. Box 1711<o:p></o:p></p>
<p class="MsoNormal">Poulsbo, WA 98370<o:p></o:p></p>
<p class="MsoNormal">360-930-0637<o:p></o:p></p>
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