Quick Preview:
Today we’re talking about a topic that clients ask us about a lot – what is a charitable remainder trust? How does it work? How can it benefit you? We’ll share the answers in today’s show.
On This Episode:
Our guest today is Salvatore “Sal” Capizzi, Chief Sales & Marketing Officer of Dunham World-Class Trust & Investment Firm. He’ll be sharing his expertise on charitable remainder trusts and how they can benefit you.
A person who’s interested in the charitable remainder trust is going to be someone that has a highly appreciated asset, and what they’re seeking to do is eliminate the tax at the point of sale.
This is part two of our three-part series with Sal on various financial topics.
Prior to joining Dunham in 2008, Sal developed BlackRock’s retail distribution platform and substantially grew the complex during his eight-year tenure. Sal is a seasoned industry veteran with more than 30 years of financial services experience.
Sal has a wealth of knowledge and expertise in global sales and distribution leadership, marketing, business development, and strategic planning.
During our interview, Sal shares:
- What a charitable remainder trust is
- How it differs from a donor-advised fund
- Why raising capital gains taxes is still on the table
- How to transfer business interest into a trust
- What tax benefits you can get
- How you can also leave money to your children
Thanks for listening to this week’s show. Feel free to utilize the timestamps below to skip around to specific topics.
Learn more: https://www.dunham.com/Investor
Timestamps:
0:41 – What is a charitable remainder trust?
2:25 – Difference between donor-advised fund
3:02 – How it works
6:30 – Capital gains taxes
7:45 – Selling a business
10:19 – Tax benefits
13:52 – Leaving money to children
17:00 – Leaving 10%
“A person who’s interested in the charitable remainder trust is going to be someone that has a highly appreciated asset, and what they’re seeking to do is eliminate the tax at the point of sale.” – Jammie Avila
