The Nonprofit FAQ

Is it difficult and expensive to establish a charitable trusts?

Normally, a donor's attorney will draft the trust, it will be signed, and assets will be transferred into the trust. Drafting time may be quite lengthy, and legal fees considerable. You should know that the IRS has published approved documentation to establish single-life or multiple-life Charitable Remainder Annuity Trusts or Charitable Remainder Unitrusts. Although tax and legal counsel should always be consulted, use of these IRS pre-approved forms may save time and expense for a potential donor.