Remainder Trusts
A charitable remainder trust lets you convert highly appreciated securities or real estate into income for life or a term of years without incurring capital gains tax when the asset is sold. The appreciated asset is transferred into an irrevocable charitable remainder trust to be sold by the trustee. The proceeds are invested and you or your beneficiary(ies) receive income for life or a specified term of years.
When the trust terminates the remainder will be used by
A charitable remainder unitrust will provide you with a set percentage of the value of the trust's assets, which is revalued each year.
A charitable remainder annuity trust provides fixed income payments which are determined when the trust is set up. The annuity trust is a good option if you wish to avoid market risk.
Your Benefits:
• Income for life or a term of years
• Potential for low-yielding assets to turn into more income
• A significant income tax deduction
• No capital gains tax at the time of the gift if appreciated assets are used to fund the trust
• Potentially reduced estate taxes and probate costs
We would be pleased to discuss the possibility of Tohono Chul Park serving as trustee of your charitable remainder trust. As with all planned gifts, please be sure to seek the advice of your own financial advisor and attorney.
For more information, please contact
tombuchanan@tohonochulpark.org