Reduce Wealth Transfer Taxes with a Charitable Remainder Trust (CRT)

Avoid paying Crypto Taxes!!! A charitable remainder trust (CRT) generates a potential income stream for you, as the donor to the CRT. And income for other beneficiaries (Charities) you set up. And the remainder of the donated assets in the Trust would go to your favorite charity or charities, once you die.

I have been researching articles and videos that provide good information regarding CRT (Charitable Investment Trust), DAF (Donor Advised Fund), and setting up your own Charity. Here are some that I found very informative. I have also modified a CRT chart/graphic and added DAF to it so you can see what it would look like with both. I’m not an expert (or licensed) in this, so this is for entertainment purposes only.

Based on the information below it appears that an Attorney is needed in order to set up the CRT. I have noticed that Mark J Kohler who is both a CPA and Attorney seems to have a good grasp of this subject. He has tons of Youtube videos on the subject of tax savings and how to avoid paying taxes, etc. This is the first (Appears to be Legit) person/business I have found so far. Will continue looking. Please share in comments if you have experience or know of any trustworthy companies that specialize in this.

Here is information for Mark J Kohler in case you want to use his company’s services for this:
Mark J Kohler | CPA | Attorney
Business site: https://kkoslawyers.com/services/
 Comprehensive business & tax consultation $1,595 (2 hours)
Youtube channel (302K subscribers): https://www.youtube.com/@MarkJKohler
Personal site: https://markjkohler.com/

Here are various YouTube videos I found informative (some videos are a few years old, so keep that in mind, as prices and law could have changed):

https://youtu.be/yBImYqt-0iU
Sell Crypto TAX FREE | Charitable Remainder Trust (CRT) with Mark J. Kohler 
Apr 15, 2022
3:10 — we charge $8 grand to do a CRT from start to finish. You’re done, you don’t have to call us back. You can put it on the shelf. Once you donate to it and it kicks in, you’re going to look at about $3,500 a year to maintain it, because there’s tax returns, bookkeeping, and things like that. But it’s asset protected. No lawsuit can get into the crt either. So it’s pretty cool.

https://youtu.be/67Igz4Zlqc8
How to Setup Your Own Charity | Mark J Kohler | CPA | Attorney
Mark J Kohler Jun 5, 2018 My Tax and Legal Tips
2:53 — $3,000 + filing fees to set up a charity
3:10 — $2–4k average, 4 months
7:08 — flat fee for set up
7:17 — IRS filing fee $400-$800
This is not an accounting firm process This is a law firm process. need to work with a law firm.
Note: 2018 prices

https://youtu.be/takc9y4txkg
Complement your charitable remainder trust with a donor-advised fund
Fidelity Charitable Jan 26, 2018
4:30 — to set up a CRT, individuals typically need to engage a law firm, a trust and estates attorney, to draft a trust.
7:30 — assets in the CRT trust are protected from creditors

Here are various website articles I found informative:

https://www.capstone-advisors.com/capstoneconnections/4-long-term-ways-to-give-to-charity
PLANNED GIVING: 4 LONG TERM WAYS TO GIVE TO CHARITY
AUGUST 16, 2018 ROBERT J. WOOTTON

https://www.fidelitycharitable.org/guidance/philanthropy/charitable-remainder-trusts.html
Charitable remainder trusts. Charitable giving while generating income.

https://learn.valur.io/crt-crypto/
A Charitable Remainder Trust to Avoid Crypto Taxes

https://www.realized1031.com/blog/can-you-change-the-beneficiary-of-a-charitable-remainder-trust
However, when the trustor is creating the charitable remainder trust, if they anticipate needing to make future changes to the beneficiary, they may want to consider using a donor-advised fund as the charitable beneficiary rather than naming specific organizations. That structure would allow for the recipient nonprofits to be changed at any time without using an independent trustee or risking the integrity of the trust’s taxable status.

https://www.physicianonfire.com/crt-versus-daf/
Giving Faceoff: Charitable Remainder Trust (CRT) versus Donor Advised Fund (DAF)

https://www.physicianonfire.com/dafgiving/
DAF Giving Tutorial from Fidelity and Vanguard Charitable
Vanguard Charitable Giving
Fidelity Charitable Giving

https://www.fidelity.com/learning-center/personal-finance/charitable-giving/charitable-giving-vehicles
Choosing the right vehicle for your charitable giving goals
One of the first steps to developing a strategic approach to giving is to determine which charitable giving vehicle is right for you.
Donor-advised fund
Private foundations
Charitable remainder trusts
Charitable lead trusts

https://www.fidelitycharitable.org/giving-account/compare-ways-to-give.html
Compare ways to give. There are many ways to give to charity. The chart below can help you decide which one is right for you. For more specific advice on how to meet your personal charitable giving goals, talk to your advisor.
Donor-advised funds
Private foundations
Charitable Lead & Remainder trusts
Check / Cash / Credit

https://www.arnoldsmithlaw.com/top-10-legacy-planning-and-estate-planning-techniques.html
10. Creating a Private Foundation
Creating a private foundation can be incredibly beneficial. Families with significant assets often use private foundations to receive gift, income, or estate tax deductions while allowing their family members to retain control over the assets within the foundation

https://trustpointinc.com/set-family-foundation/
Top 4 Benefits Of Setting Up A Family Foundation (2022 Update)
By Trust Point • Updated April 10, 2022