You have a rental property or an appreciated piece of property that is worth more than you paid for. You want to sell it but do not want to pay capital gains. Many people use 1031 Like-kind tax deferred exchanges to save the tax on the sale, but not always the best choice because you are still invested in real estate. A second option is to donate it to a charity by putting it into a charitable remainder trust. Donate appreciated property to charitable trust. Get a sizable charitable contribution deduction in year one, so big income tax savings. No capital gains incurred when the charitable trust sells the property. You can get a monthly or quarterly annuity paid for the rest of your lives
The above is a summary of a radio show on MMFN Money Matters Financial Network, with host Gary Goldberg, of Gary Goldberg Planning Services, Inc. in Montebello, New York, and his guest Martin M. Shenkman, Esq. an estate planner in Paramus, New Jersey. Listen to the audio clip of this segment on www.laweasy.com.

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