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Susan and Fred know what hard work is all about. And they have the rewards as a result. Susan: "I was one of the lucky ones. It was a very tough time for me and my mother, but they were there when we needed a little help. Did it make a difference? Only in every aspect of my life! " Fred: "We know how important the work of a ministry is to a community, and we know how difficult it is for them to develop the funding they need. Facilities, up-to-date equipment, getting staff - it's all literally urgent. We know that the local ministries need our help." Susan: "We benefited because they had been supported by others before us - but now we can give back. And what a joy it is to know that when we no longer need it, part of it is going to someone who does. It's awesome - we are changing lives!" Fred: "That's why Susan and I made the decision. The trust will provide income to them and we can see it benefitting His work - giving hope and support to the homeless and needy. But we have the peace of mind knowing that our estate will be there to help our immediate family after we're gone."
A charitable remainder unitrust (see example) is a popular way to achieve tax benefits as well as a fixed annual percentage on the value of the assets in the trust. The assets are revalued annually and, if the trust value changes, the payment to the beneficiary(ies) changes. A charitable remainder annuity trust is set up to pay a fixed rate of return based on the initial valuation at the time the property is placed in the trust. The trust assets are never revalued. Some additional information on charitable remainder trusts is also available. Charitable Remainder Trusts provide a good degree of flexibility that is valuable in charitable gift planning. For example, a variation on remainder trusts can be an effective way to make gifts of real estate. Susan and Fred are happy that they have made a difference; a difference that will have a profound impact on the lives of others. Now click here to meet Phil and Alicia. Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use.The content in this Planned Giving section has been developed for Gospel Rescue Mission by Future Focus. Please report any problems to section webmaster. Revised: September 16, 2005 10:11 . |
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Men's Center | Women's and Children's Center | Longterm Recovery | Community Ministries All Contents Copyright 2005 Gospel Rescue Mission |
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There are two different types of charitable remainder trusts.
