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How many income beneficiaries
can a Charitable Remainder Trust have?
As many as you want. If you name your spouse,
there is no gift for tax purposes because of the unlimited marital
deduction. If you name children or grandchildren, there will be
a taxable event for purposes of federal estate taxation. The value
of your gift to your descendants must be calculated for gift tax
purposes based on life expectancies. If you retain the right to
cancel that gift up until your death in your trust document, you
will defer the tax until your death.
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