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10 Reasons to Start a Trust

Charitable Trusts

A charitable trust is a popular way to donate to charitable organizations. A grantor can transfer assets such as money, real estate or art to a charitable trust, and designate that they eventually be given to a specific organization. In the meantime, however, the grantor can continue to use the property. If the assets in the trust are, for example, a summer home or a favorite painting, they can be enjoyed just as much after being put in a trust as they were before -- and possibly more, because the grantor knows that the property will ultimately go to support a worthy cause. And what's more, these kinds of charitable donations are often tax-deductible.