Charitable remainder annuity trust or charitable remainder unitrust

Both of these plans are irrevocable trusts that feature income based on the value of the property donated.  The annuity trust pays a fixed income based on the value of assets at the time the trust is created, while the unitrust provides a fluctuating income based on a fixed percentage of the trust’s annual value.  When the trust is created, an income tax deduction is available for a portion of the value of the property.  In addition, capital gain and/or dividend income from the charitable remainder trust may be taxed more favorably than other income. 

Please contact us for more information about charitable remainder trusts.