A tax-exempt trust created during lifetime or at death that distributes an annuity or unitrust amount to one or more designated non-charitable beneficiaries for life or a term of years, with the remaining trust assets passing to charity upon termination of the trust. If appreciated assets are transferred to a charitable remainder trust and sold by the trust, the trust does not pay capital gains tax. Instead, the non-charitable beneficiaries are taxed on a portion of the capital gains as they receive their annual distributions and, in this manner, the capital gains tax is deferred.
Denton Satellite Location*
1308 Teasely Lane, Suite 119 Denton, Texas 76205
* Satellite Locations are available by appointment only.
Tarrant Satellite Location*
5601 Bridge Street Suite 300, Fort Worth, Texas 76112