Charitable trusts can be a smart way to support a cause and shape your estate plan at the same time. If you’re thinking about long-term giving in Nevada, a charitable trust may offer you more control and potential tax benefits than other options.
Charitable trusts reduce estate taxes
When you place assets into a charitable trust, those assets no longer count toward your taxable estate. That can lower the estate taxes your heirs might otherwise have to pay. In Nevada, this is especially helpful for individuals with large estates who want to pass on more of their wealth while also supporting a charitable mission.
Two common types offer flexibility
Nevada allows both charitable remainder trusts (CRTs) and charitable lead trusts (CLTs). A CRT lets you or your chosen beneficiary receive income from the trust for a set time, with the remainder going to charity. A CLT does the reverse: the charity gets income first, and then your beneficiaries receive what remains. This flexibility helps tailor your estate plan to match your financial goals and charitable interests.
You stay in control of your legacy
Creating a charitable trust means you can decide how, when, and where the money gets used. You choose the charity, set the terms, and pick the trustee. If you care about a cause and want to ensure lasting support, a charitable trust keeps you in the driver’s seat. Nevada law supports this level of customization, giving you more say over how your legacy unfolds.
A charitable trust strengthens your overall plan
Charitable trusts don’t just help others. They also help you structure your estate in a way that avoids probate, minimizes taxes, and keeps your wishes clear. By including a charitable trust in your Nevada estate plan, you combine generosity with practical planning.