Sale and Unitrust – You give a portion of your property to us to fund a charitable remainder trust, when the property sells you receive cash and income for life. If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.
Benefits:• Receive cash from the sale. You can use this cash to save for retirement, to travel, to meet your daily needs or to meet some other financial goal |
How to Make a Sale and Unitrust Gift?
You establish a charitable remainder unitrust and transfer a portion of your assets to the trust. The assets are then sold. You receive cash from the sale, and the rest of the sale’s proceeds are paid to the charitable unitrust. The trust will provide you with income for the rest of your life. You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.
Need More Information?If you have any questions about making a sale and unitrust gift, we would be happy to assist you. |
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Additional Information
When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.
