Patent Granted for System to Maximize After-Tax Income Using Charitable Remainder Trusts

The United States Patent and Trademark Office has issued a patent for a method of maximizing after-tax income using split method charitable remainder trusts. The patent abstract informs that "an evaluation service establishes a first charitable remainder trust that generates ordinary income from fixed income investments and a second charitable remainder trust that generates growth income from equity investments. The evaluation service further identifies a qualifying charitable organization. The evaluation service calculates a risk weight and distributes grantor assets between the first and second charitable remainder trusts based on the risk weight."

See "USPTO Issues Patent Application for Charitable Remainder Trust Investment System." 2010 TNT 19-45, January 14, 2010.

Posted by Evan L. Abrams, Esq., Associate Editor, Wealth Strategies Journal