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Susan
and Fred know what hard work is all about. And they have the rewards as a result. Susan:
"I was one of the lucky ones. It was a very tough time for me and my mother,
but they were there when we needed a little help. Did it make a difference? Only
in every aspect of my life! " Fred: "We know how important
help is when it is needed, and we know how difficult it is for them to maintain
their facilities, keep their equipment and supplies up-to-date, and get volunteers
trained and organized." Susan: "We benefited because they
had been supported by others before us - but now we can give back. And what a
joy it is to know that when we no longer need it, part of it is going to someone
who does. It's awesome - we are changing lives!" Fred: "That's
why Susan and I made the decision. Not only will the trust provide income to us
throughout our lifetimes, but we have peace of mind knowing that the remainder
will benefit an organization that's doing really good work and giving hope and
support to the homeless and the needy."  There
are two different types of charitable remainder trusts.
A charitable remainder
unitrust (see example)
is a popular way to achieve tax benefits as well as a fixed annual percentage
on the value of the assets in the trust. The assets are revalued annually and,
if the trust value changes, the payment to the beneficiary(ies) changes. 
A charitable remainder annuity trust is set up to pay a fixed
rate of return based on the initial valuation at the time
the property is placed in the trust. The trust assets are
never revalued.
Some additional
information on charitable remainder trusts is also available. Charitable Remainder
Trusts provide a good degree of flexibility that is valuable in charitable gift
planning. For example, a variation
on remainder trusts can be an effective way to make gifts of real estate.
Susan and Fred are happy that they have made a difference; a difference that will
have a profound impact on the lives of others. Now click here
to meet Phil and Alicia.
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