1. What is a charitable trust? Ever thought of supporting charitable causes while managing your finances? A charitable trust is your “win-win” tool. It’s a legal setup where you can deposit assets (such as cash, stocks, or even your house) into a trust. A portion of the profits go to charity, and the rest can be used for you or your family.Think of it like a piggy bank: a portion of the money goes to a pet shelter each month, and the rest is saved for your retirement – this type of trust is the organized piggy bank! 2. The...
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