Charitable Remainder TrustMeet Ken and Irene. Ken and Irene have been married for more than 40 years and have been long-time annual supporters of Good Shepherd Housing and Family Services (GSH). Ken and Irene have enjoyed successful careers and a loving family and are looking forward to a long, happy, and adventurous retirement together. Throughout their lives, the work of GSH has played an important role in their charitable giving, and they want to ensure GSH will continue its important work preventing homelessness long after they are gone. Ken and Irene approached GSH to learn more about how they might make their long-term charitable goals align with the reality of their finances. Ken and Irene’s main interests were:
- Maximizing benefits to reduce their tax burden while alive, and, at the time of their passing, the tax burdens to their children.
- Generating income to support their retirement plans.
- Ensuring their estate plan would make a lasting impact for GSH, while also ensuring assets remained for their heirs.