Charitable Remainder Unitrust

A charitable remainder unitrust might offer a solution if you are concerned about the high cost of capital gains tax with the sale of an appreciated asset or if you recently sold property and are looking for a way to save on taxes this year and plan for retirement!

Charitable Remainder Unitrust

Stock or Cash

Unitrust

Donor

Marist

Benefits of a charitable remainder unitrust

• Receive income for life, for a term of up to 20 years or 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
• Establish a future legacy gift to Marist School

How a charitable remainder unitrust works

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
3. The trust is invested to pay income to you or any other designated trust beneficiaries based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. Marist benefits from what remains in the trust after all the trust payments have been made.

Additional information about charitable remainder unitrusts

• Charitable remainder unitrust for income: A charitable remainder unitrust pays you income that reflects the value of the trust's assets. Your income has the potential to increase over time as the trust grows in value.
• How to select the right unitrust payout: There are several unitrust payout options to meet your needs. The best payout option may depend on the nature of the asset used to fund the trust. We would be happy to work with you and your tax advisor to determine which payout option is best for you.

Contact us

If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you.

Click here to learn more