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10:26 am
Wed December 7, 2011

Leadership Giving - Trusts

Are you looking for new ways to protect your family and your money?

Would you like to cut estate taxes and probate costs, too?

Would you like to remember WKAR in your estate plans?

A personal trust may be the answer for you. It can be the ideal solution when you would like to make a gift to WKAR, but first must satisfy your own family's financial needs.

Personal trusts let you have it both ways -- passing assets to your heirs with the least amount of tax, while making a future gift to WKAR.

You can set up a trust for anyone, and for just about any purpose.

Living Trust
Testamentary Trust
Charitable Remainder Unitrust
Charitable Remainder Annuity Trust
Charitable Lead Trust

Living Trust
You might decide to create a trust for your own benefit; a trust that will remain operative while you are living.

Testamentary Trust
You can create a trust in your will -- known as a testamentary trust -- for the benefit of your spouse, your children, and other family members.

Charitable Life Income Plans
Charitable remainder trusts and charitable gift annuities represent creative developments in the evolution of charitable estate planning. Their flexibility enables you to provide a lifetime stream of income for yourself and/or your beneficiaries, satisfy philanthropic goals, and avoid substantial estate or transfer and capital gains taxes. To discuss these options in greater detail, please contact the gift planning professionals at WKAR.

Charitable Gift Annuities
The charitable gift annuity and deferred gift annuity are planned gifts that are remarkably simple to establish. In exchange for a transfer of cash or marketable securities, the MSU Foundation will contractually agree to pay a guaranteed stream of lifetime income to you and/or another beneficiary. Long-term appreciated securities are excellent assets to utilize when funding a charitable gift or deferred gift annuity.

Charitable Remainder Unitrust
A charitable remainder unitrust is similar to other types of trusts, except that WKAR receives the remainder interest as charitable remainderman. To qualify for the federal charitable deduction, the trust must be irrevocably funded.

Charitable Remainder Annuity Trust
A charitable remainder annuity trust shares common features with the unitrust except that the annuity trust provides a "fixed" rather than a "variable" income stream.

Charitable Lead Trust
The charitable lead trust is a way to pass property to heirs and pay less tax. It is the reverse of the charitable remainder trust in that it provides a gift of an income interest from the assets in the lead trust to WKAR for a term of years, after which time the assets in the trust either revert to the donor or pass to a beneficiary(ies) designated by the donor, such as the donor's children.

As you consider how you might make a gift to WKAR, please consult your attorney, CPA or professional advisor for details regarding your personal tax situation.

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