Based in Sammamish, Washington, registered investment advisor Wayne Demeester is a principal of Blue Skye, LLC, and the cofounder and managing director of Definitive Advisors, LLC. With the latter firm, Wayne Demeester refers clients to Soltis Investment Advisors, LLC, for a host of wealth management and retirement planning services, which Definitive Advisors does not offer. He has extensive experience in charitable-giving strategies, including the use of charitable remainder trusts.

A charitable remainder trust (CRT) is irrevocable and provides funds both for income beneficiaries (typically the principal and his or her spouse) and named nonprofit charities. After the income beneficiaries pass away, the charities receive the remaining trust principal.

Despite its irrevocable nature, the CRT does have a number of built-in flexibilities, including full asset investment control in the hands of trustees.

In addition, the beneficiary can be

changed at any time. Income derived

from the CRT is dependent on the

selected payout percentage, as well as

the income produced by the trust assets.

As there are no contribution limits,

charitable remainder trusts are ideal for

augmenting retirement vehicles, such as

401(k) plans and IRAs.