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<Is that Before or After "The Grave" Wendy?

CRAT could be administered by a bank, so that the beneficiary could be changed, to a different charity, if you change your mind.>


The whole point of a CRAT is that the charity gets the remainder of the trust, after you die. That's why the IRS doesn't tax it, during your lifetime.

So, if you want to give your inheritance to your kids, a CRAT isn't for you. If you don't have kids (or just want to devote a portion of your inheritance to charity, as my mother did), the CRAT may make sense.

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