1031 Exchange Vs. CRT

[Senthil Akasham]

Hello BPers,

I own a rental property (single family home) in CA bay area, and I was looking into doing a 1031 exchange with a larger property as a way to upgrade income.  But on second thoughts, after years of being a landlord, I am beginning to get tired of dealing with tenants, the never ending upkeep and of course the "stress" !  (I'm not that old, but handling a rental property still wears down on me !!).  So, when I was looking at other options to avoid paying capital gains tax, I stumbled upon CRT (Charitable Remainder Trust).  If any of you have considered or done this, I would sure love to hear your experiences.  Can CRT be a reliable source of "better and stress-free" income compared to rental income?

Appreciate your thoughts.

Thanks.