Can you provide examples of when a CRT should be considered?

A CRT should be considered an important planning option anytime the owner of an appreciated asset would like to sell it tax-free in order to obtain more income. The income provided by a CRT can be paid monthly, quarterly, or annually and, among other possibilities, used to increase your standard of living, provide for your retirement, assist elderly parents, fund a trust for a special needs child, or help your grandchildren go to college.