Charitable Remainder Trust
A charitable remainder trust is an irrevocable trust funded with cash or appreciated securities that will make regular payments to you for life or for a fixed term up to 20 years. You may also choose for heirs to receive payments. At the end of the trust term, the remaining amount in the trust will go to The Lustgarten Foundation.
With this type of gift you can:
• Receive a federal income tax charitable deduction for a portion of your gift’s value, depending upon your financial situation.
• Pay no up-front capital gains tax when you give appreciated stock that has increased in value.
• Provide long-term support for pancreatic cancer research.
A charitable remainder trust offers two versions. Please consult your financial professionals for the option that is best suited to your financial situation.
Charitable Remainder Unitrust. The most popular form of charitable remainder trust pays you annually a variable amount based on a set percentage of the value of the trust assets. The distribution amount is recalculated annually.
Charitable Remainder Annuity Trust. This type of trust pays you annually a fixed dollar amount you select at the outset. The payments are fixed, based on the starting valuation.
What to do next:
• Contact our office to let us know of your intentions.
• Seek the counsel of your legal advisor to assist you in planning and creating a charitable remainder trust.
• Select a trustee to manage and invest your charitable remainder trust. This may be an institutional trustee, such as a bank, or it may be an individual you select to manage your trust.