Charitable Remainder Trust
Do you have valuable assets, such as appreciated stocks or a second home, that are “tied up” and not producing income? Would you like to have additional income for yourself, your spouse, a parent, or a child? Would you like to leave a generous gift to SELC? If your answer is “all of the above,” then a charitable remainder trust may be the perfect choice for you.
- Your assets (e.g. cash, stock, real estate) are used to create a trust fund, which is then invested.
- You decide whether to base your payments on a percentage of the initial trust (Annuity) or a percentage of the trust’s value as it is revalued annually (Unitrust). Scheduled payments then come to you over the course of your lifetime or the trust period.
- Afterwards, remaining assets pass to SELC and provide a wonderful legacy for your environmental interests.
In addition to providing income, a charitable remainder trust could have double tax benefits for you: 1) You receive an immediate income tax deduction for a portion of the trust’s value; 2) You bypass capital gains taxes for appreciated assets.
If you have any questions, call or email Deborah Donnelly at 434-218-7382 or [email protected] to request a personalized proposal based on your circumstances, which you should discuss with your lawyer or financial advisor.