Foundation & Development
|
The Charitable Remainder Annuity Trust
Related Links |
|
How It Works
- Create trust agreement outlining terms of the trust
- Transfer cash or other property to trustee
- Trustee invests and manages trust assets
- Trustee makes payments to income beneficiaries
- Remainder to for purposes you specify
- Income to one or more beneficiaries that remains fixed for the life of the trust
- Federal income-tax deduction for the charitable remainder value of your gift
- No capital-gain tax when trust property is sold
- Trust remainder will provide generous support for
- I’d like to see a detailed description of this gift
- I’d like to have a confidential conversation with a gift-planning
officer about this gift plan or other options - I’d like a personal calculation of this gift
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
Read more
Copyright © Pentera, Inc., All rights reserved.
Western Illinois University ©
Macomb, Illinois • Moline, Illinois
Contact Us