The Benefits of Charitable Trusts for Business Owners

For charitably inclined business owners, charitable trusts provide many benefits as they assess goals related to tax planning, wealth management, estate planning, and charitable giving. Charitable trusts can help you set aside current and future funds for a charity while preserving a current income stream and other economic benefits. When you make a transfer into one of these trust types, you may qualify for income, estate, and gift tax charitable deductions.
In this episode of The First Business Bank Podcast, our Private Wealth Trust Advisors discuss the types of charitable trusts, benefits charitable trusts offer regarding capital gains and estate tax, planning ahead before a sale or business transition, and partners you should include in setting up a charitable trust.
Learn more at: firstbusiness....

[@riaankruger7966]

Hi, can a charity trust purchase a private companies company and operate it for the benefit of the charity trust?

[@MsEdenlee]

Yes

[@Twenty4Karrat]

@@MsEdenlee & if the managers dont want you to buy it then you can get greenmailed

[@TheRealBlackula]

Good info!