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Free Estate Planning Guide
Legacy SocietyCharitable Remainder Annuity Trust
Or perhaps you recently sold property and are looking for a way to save on taxes and plan for retirement. A charitable remainder annuity trust may offer the solutions you need.
Benefits of a Trust Gift
- Fixed income for life, lives or term of years
- Avoid capital gains tax on the sale of your appreciated assets
- Charitable income tax deduction for remainder portion of your gift to Hospice of the Red River Valley
Charitable Remainder Annuity Trust
Capital gains rates have increased significantly in 2014. A Charitable Remainder Trust can be a smart way to greatly reduce taxes due on highly appreciated assets while benefiting Hospice at the same time. Just as there is more than one way to bake a cake, there are a variety of trust instruments to meet your needs. A Charitable Remainder Annuity Trust, described below, returns fixed income to you or chosen individual(s).
A Charitable Unitrust returns income based on rates you determine which may fluctuate. A Charitable Lead Trust makes gifts to Hospice for a number of years and then transfers the remainder to your family. A Sale and Unitrust can work when there is property to be sold in the future and the income payout will begin then. A Give it Twice Trust provides a way to make a gift to Hospice and then provide your children with income later.
You’ll want to talk with your attorney or financial advisor to explore which trust options can be most beneficial to you and your family.
