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Natalie Choate Quoted on Charitable Remainder Trusts in The Wall Street Journal

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12.13.2017

Natalie Choate, a member of Nutter’s Private Client Department, discussed charitable remainder trusts (or unitrusts) in The Wall Street Journal. In the article, “The Retirement Part-Timer: Where to Start,” Natalie commented, “100% of the [charitable] gift must go immediately into the charity’s coffers, with the donor/IRA owner getting nothing back. But a gift to a charitable remainder trust (or unitrust) doesn’t meet that test, since the charity doesn’t get the money immediately and the donor is getting something in return.” According to Natalie, a charitable remainder trust can be a good choice as the death beneficiary of an IRA, where the IRA owner wants to benefit both a human beneficiary (such as a spouse or child) with a life income and a charity (with the remainder interest).

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