CRT Strategies That Preserve Wealth and Strengthen Your Legacy
Your retirement account may be your largest asset, but taxes can erode its value for heirs. Naming a Charitable Remainder Trust (CRT) as beneficiary can change that, providing tax benefits, lifetime income for loved ones, and leaving the remainder to a cause you value. Before updating your beneficiary form, consider how a CRT could boost family income, cut taxes, and strengthen your legacy. WHAT IS A CHARITABLE REMAINDER TRUST? A Charitable Remainder Trust is an irrevocable trust that pays income to chosen beneficiaries for a set term or life, then directs remaining assets to a selected charity. As a charitable entity, it offers an immediate tax deduction and tax-free growth. You set the payout rate and timing, aligning the trust with your financial and philanthropic goals, combining gifting, growth, and estate planning in one tool. MAXIMIZING CHARITABLE GIFTING THROUGH TAX-FREE DISTRIBUTIONS Traditional retirement plans defer taxes only until distribution, leaving beneficiaries with a large tax bill. Transferring these accounts to a CRT at death makes the balance tax-exempt. The trustee can sell assets without immediate taxes, reinvest, and grow
the portfolio tax-free, compounding returns faster. Beneficiaries receive annual payments, either a fixed sum or a percentage of value, spreading taxes over time. The remainder goes to charity, often exceeding what a direct estate payout could provide. EXCEEDING THE 10-YEAR DISTRIBUTION RULE FOR STRETCH IRAS The SECURE Act now requires most non-spouse heirs to empty inherited IRAs within 10 years, accelerating taxes and potentially raising their tax bracket. A CRT avoids this by receiving the assets as a charitable gift and paying beneficiaries over their lifetime or up to 20 years. This spreads taxes, smooths market volatility, and ensures the remaining principal supports your chosen charity. EFFECTIVE STRATEGIES TO MAXIMIZE THE VALUE OF YOUR LEGACY Simply going through the motions in estate planning can leave your legacy vulnerable to taxes and financial risks. At Dahl Law Group, we help California business owners and families create effective plans to protect assets and keep wealth in the family. Contact our Sacramento or San Diego offices to discuss safeguarding what you’ve built.
Extra-Crispy Ranch Chicken Cutlets
SUDOKU
Ingredients • Olive oil • 4 boneless, skinless chicken breasts • Kosher salt and freshly ground black pepper, to taste • 3/4 cup flour • 2 large eggs, beaten
• 1 cup panko breadcrumbs • 1/2 cup freshly grated Parmesan cheese • 1 oz ranch seasoning, store-bought (1 packet) or homemade • Cooking spray
Directions 1. Preheat oven to 375 F. Grease a 9x13-inch baking pan with olive oil and set aside. 2. Season both sides of chicken breasts with salt and pepper. 3. Set out three shallow bowls. In the first, combine flour and a pinch of salt and pepper. Add the eggs to the second bowl. Mix panko, Parmesan, and ranch seasoning mix in the third bowl. 4. For coating, dip seasoned chicken breasts in flour, coating both sides. Then, dip the chicken in the beaten eggs and, finally, the panko mixture. 5. Place each coated chicken breast in the prepared baking dish. 6. Spray the tops of the chicken with cooking spray. 7. Bake for 30 minutes, or until the chicken reaches 165 F and is golden brown.
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