Part
Four
The
Charitable Trust
In
the charitable trust,
the owner transfers
assets to an alleged
charitable trust and
claims either that
payments to the trust
are deductible or that
the payments made by
the trust are deductible
charitable contributions.
Payments are, in fact,
made to charitable
organizations. However,
the payments are principally
for personal educational,
living, or recreational
expenses of the owner
or the owner’s family.
One example would be
the trust paying the
college tuition of
the owner’s son.
If
you would like more
information regarding
asset protection, trusts,
family limited partnerships
or the subject of this
article please call
or email our office.
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