Charitable Remainder Annuity Trusts.

A charitable remained annuity trust will furnish you – or someone you designate with a fixed annual income for life or for a pre-determined number of years  (up to 20 years ).  The payment amount- which you would determine when you establish the trust-must be at least 5% of the initial gift amount. That amount will not change over the life of the trust.  This will appeal to those who want the security of a regular amount each year.

When the trust is created,  you may claim a charitable deduction based on the value of the asset used to establish the trust.

 

Always consult a licensed financial planner or a CPA, when you make changes to  your financial health.

 

Charitable Remainder Uni-trusts.

A charitable remainder uni-Trust provides annual payments that will fluctuate from year to year,  based on the earnings of the investments in trust.  When the trust is created,  you select the fixed payout percentage ,  which must be at least 5% of the initial  gift amount.  The annual payment is based on a percentage of the trust’s value as calculated each year.

When the trust is created,  you may claim a charitable deduction based on the value of the asset used to establish the trust.

Heros in Fidelis Foundation is not able give any financial advice on this matter.  Please contact you licensed CPA or Financial

planner.

 

 

 

 

” Money is only good ,if we are here to enjoy it- Nivek Prah