A charitable remainder trust lets you sell an appreciated building with no tax due the day it closes.
Every dollar gets reinvested and you collect a check from it for the rest of your life. The trade: when you are gone, what is left goes to a charity you picked, not your kids. And the tax does not disappear. It reaches you a slice at a time as you are paid.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504, option two
This is educational content, not tax advice for your situation. Talk to your tax professional.