Call For Help, Inc.

Carlyn Brooks, Executive Director

Serving the Metro East Community

Planned Giving, continued

A Gift with Variable Income

             Like the annuity trust, a charitable remainder Unitrust provides a gift that returns the income, but unlike the annuity trust, the Unitrust will increase or decrease with the value of the assets placed in trust.  You determine the payout percentage when the gift is made.  Each year the percentage of the value of the trust assets is paid to you or others you select.  When the value of the trust investment increases more income is received.  The income will be less if the value of the investment declines.  Additions can be made to this type of trust, and a tax deduction is allowed for a portion of each amount contributed.  For may people, the Unitrust can play a welcome role in planning for retirement years.

Making a Temporary Gift

             People who wish to make a substantial gift over a period of years, while ensuring that their property will return to themselves or their loved ones, may be interested in what is known as the charitable lead trust.  The lead trust can be one of the few ways to reduce or eliminate taxes that would otherwise be due on assets left to children or grandchildren.  Under the terms of the lead trust, assets are transferred to a trust that pays income to one or more charitable recipients for the number of years requested, at the end of that period the asset is returned to you or others named.

Give Your Home and Continue to Live There

             You can make a gift of a home or certain real estate, while retaining the use of the property as long as you live.  Using a life estate arrangement, you make a gift of your home now, but retain the security of knowing that you may live there as long as you wish.  The satisfaction of giving as well as a tax deduction, is enjoyed now rather than later.  You continue to take care of the property, pay the taxes, and even receive income it generates, but because you have made a gift of the property by deed, it does not pass through your probate estate at death, possibly saving unnecessary expenses and delays.

A Large Gift at Low Cost Through Life Insurance

             Life insurance needs change as life progresses.  Children become self sufficient, and investments may provide unexpected income and security.  As a result, not all life insurance coverage may be needed for the reason it was initially purchased.  One simple way to make a significant gift in the future is to name a charitable beneficiary to receive all or a portion of the proceeds of a policy no longer needed for its original purpose.

Even More Planned Giving Options...

Return to Previous Page

There are several options available when you are planning for your future...