Eric Mann, a partner in the Private Wealth practice group, was quoted in the article “How the rich have their cake and eat it too by using trusts to give to charity, collect cash, and save on taxes at the same time,” recently published in Business Insider. The article discusses how wealthy Americans can parlay their philanthropy into guaranteed income through a charitable remainder trust (CRT).
In the article, Eric describes how CRTs can be used to the advantage of business owners looking to sell soon and donate a portion of the proceeds.
Click here to read the article (subscription may be required).