You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need!
Charitable Remainder Unitrust
Stock or Cash
Unitrust
Donor
SU
A charitable remainder trust offers great benefits
- Receive income for life, for a term of up to 20 years, or a life plus a term of up to 20 years.
- Avoid capital gains on the sale of your appreciated assets.
- Receive an immediate charitable income tax deduction for the charitable portion of the trust.
- Help Schreiner plan confidently for the future.
How a charitable remainder unitrust (CRUT) works
- You transfer cash or appreciated assets to fund a charitable remainder unitrust.
- In the case of a trust funded with appreciated assets, the trust will then sell the assets without paying any capital gains taxes. Trust managers may be community foundations, brokerage house charitable gift funds or (most often in Schreiner's case), the Texas Presbyterian Foundation (www.tpf.org).
- The trust is invested to pay income to you or any other trust beneficiaries you select. At your deaths or when the term of years expires, Schreiner (and other favorite charities you might have included) will receive the remainder and use it as you have stipulated in the trust document.
Contact us
Do you desire a fixed payment amount? Ask us about Charitable Annuity Trusts.
