Charitable Remainder
Trusts
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 family,
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 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."
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.
Please
note, individual financial circumstances will vary. The information
on this site does not constitute legal or tax advice. Donor
stories and photographs are for purposes of illustration only.
As with all tax and estate planning, please consult your attorney
or estate specialist. All material is copyrighted and is for
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in this Planned Giving section has been developed for Self Regional
Healthcare by Future Focus.
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Revised:
July 10, 2008 15:54
.