Charitable Lead Trust
A Charitable Lead Trust is a way to pass assets to your family with significant estate tax savings
while at the same time making a gift to the World Convention. The lead trust is an exceptional way
to transfer property to your children and heirs at minimal tax cost. It’s ideal if you’re
willing to forgo investment income on an asset but don’t want to force your heirs to surrender
the principal. With a lead trust, you carry out your philanthropic plans over the coming years and
save on taxes.
Benefits
- Can be funded during your lifetime or through your Will
- You support the the World Convention's mission through annual income payouts
- Reduces your taxable estate and potential gift taxes
- Assets can be kept in the family
Charitable Remainder Annuity Trust
If you’re uncomfortable letting your future retirement dollars ride the ups and downs of the
stock and bond market, try a charitable remainder annuity trust. This plan will pay you a fixed dollar
amount every year for the rest of your life, with no investment worries or responsibilities. Then
after your lifetime (and the lifetime of a surviving beneficiary, if desired), the trust remainder
is available to support the mission of the World Convention.
Benefits
- A fixed and certain dollar income for life
- Immediate charitable deduction
- Avoidance of capital gains tax on appreciated assets used to fund the trust
Charitable Remainder Unitrust
A Charitable Remainder Unitrust is a combination of a gift and an investment plan. You place your
assets in trust and you or your beneficiary receives lifetime income from the charitable remainder
unitrust. With a unitrust, the amount you receive as income is a set percentage of the value of the
trust assets, predetermined annually.
Benefits
- A lifetime income (often greater than your previous yield)
- A sizable income tax charitable deduction
- Avoidance of capital gains tax if you donate appreciated securities
- Professional management of the assets frees you from investment worries
Gifts of Stock
Appreciated stocks or bonds purchased more than one year ago and donated to the World Convention
could yield a tax deduction for the full fair market value of the stock on the date the gift is
transferred, and you pay no capital gains tax on the increase in value of your stock. (These same
advantages apply to gifts of real property if the property has appreciated in value and has been held
longer than 12 months.) As always in financial matters, please consult your tax advisor for details.
Living Trust
A Living Trust lets you provide for yourself and your family before and after your death. It has a
built-in flexibility that can work very well with your overall estate plans because it allows you to
stay in control of your assets. Living Trusts are fully revocable, so you can change or terminate them
at any time during your life.
Benefits
- You or a beneficiary receive the income from the trust assets
- You’re in charge, but a professional trustee does the detail work
- You name who will ultimately receive the trust remainder
- The Trust assets bypass probate, so the terms are private
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Real Estate
Are you thinking of selling land or a building? A charitable contribution of real estate whether
it’s your personal residence, a vacation home, a farm, commercial real estate, or vacant land
will give you numerous advantages.
Benefits
- Income tax charitable deduction for the full fair market value
- Avoidance of tax on property’s appreciation
- No hassle from trying to sell the property
- No gift tax, plus a reduction of your taxable estate