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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. Did our church make a difference?
Only in every aspect of my life! I don't know where
I'd be today without their support and prayers."
Fred:
"We know how important the work of a ministry is to
a community, and we know how difficult it is for them
to develop the funding they need. Facilities, up-to-date
equipment, getting staff - it's all literally urgent.
We know that the local ministries need our help."
Susan:
"We benefited because our church had been supported
by others before us - now we can give back. And what
a joy it is to know that when we no longer need these
assets, part of them is going to help 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 His work."
There
are two different types of charitable remainder trusts.
A charitable remainder unitrust 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 valued annually and, if the trust value increases,
the payment to the beneficiary(ies) increases.
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 available. Also, an
example of a charitable remainder trust is available.
A version of a charitable remainder trust, a Flip
unitrust, can be very helpful with gifts of real
estate or real assets that are difficult to market.
Susan and Fred are content knowing that they didn't
break away from the pack; through their generosity
they are helping move the pack forward toward the
Kingdom.
Now
click here to meet Ted
and Pamela.
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