Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

What is a charitable trust?

As a Florida resident who is figuring out how you want your estate distributed, you may also be looking into the possibility of setting up trusts. Today, the Law Offices of Frye & Vazquez, P.L., will discuss the option of setting up a charitable trust.

If you have ever hoped to leave behind some or all of your assets to charity, then this is the option for you. A charitable trust allows you to place a set of assets into an account for a specific charity organization. This organization will be able to hold and manage the assets within this trust for a predetermined period of time. They also get to keep some or all of the interest accrued by these assets in the time they hold them, as decided by you.

There are remainder trusts and lead trusts. A remainder trust signs your assets over to the organization of your choice for a set amount of time. This can last anywhere from years to well beyond your passing. After the period ends, the assets become the charity's property along with profits or interest gained. With a lead trust, the donor retains control and splits interest between the charity and the donor's beneficiaries. After the trust expires, the assets revert to a party of your choosing.

If a charitable trust sounds like something you might be interested in, consider taking a look at our web page on trusts, linked above. You can learn more about trusts, your options when it comes to utilizing them, and more. You can also contact an experienced attorney for more information.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Miami, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions