You
can create a special kind of trust today - a charitable
remainder trust - that will have a vital impact
on our future ... and yours.
Just
what is a charitable remainder trust? Basically,
it is a trust in which you irrevocably place cash,
securities or other property, but keep a specified
income - usually for life. When the trust ends,
the property in the trust passes to qualified organizations,
much as if you had left it in your will. But
because you chose to "accelerate" your bequest
by means of a trust, Congress says you are entitled
to a substantial income tax charitable deduction.
Depending on how you arrange your trust, many other
advantages are possible:
Charitable
remainder trusts come in two flavors: annuity
trusts and unitrusts. Both trusts provide for
payments to one or more individuals for life or for
a period of years, with principal ultimately passing
for our benefit.
The
annuity trust must provide that a fixed dollar amount
equal to at least 5% of the value of the property
you place in trust be paid annually to the income
beneficiary you designate.
The
unitrust, instead of paying a specific dollar amount
to the income beneficiary, provides that a specific
percentage (minimum 5%) of the value of the property
in trust be paid annually. If the value of the
trust increases, the payout will increase, too.
Decreases are also possible.
For
more information...
We
would be pleased to provide you with more information
on planning a gift in trust. Just complete the
form below or call Fr. Emil Tomaskovic, S.A.
at (800) 338-2620 ext. 2107
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