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Charitable Remainder Unitrust

To lessen the capital gains tax from the sale of an appreciated asset, such as property, a charitable remainder unitrust offers a way to save on taxes and plan for retirement.

Benefits of a charitable remainder unitrust

• Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
• Avoid capital gains tax on the sale of your appreciated assets
• Receive an immediate charitable income tax deduction for the charitable portion of the trust

How a charitable remainder unitrust works

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will sell those assets tax-free
3. The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, or lives, a term of up to 20 years or a life plus a term of up to 20 years.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. The Institute benefits from what remains in the trust after all the trust payments have been made.

Contact us

If you are interested in learning more about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have.