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Thursday, September 2, 2010
 Using Trusts to Meet Donor Needs
Charitable trusts provide options for donors who are looking to use complex assets such as real estate, or those who would like to be more creative with their charitable assets. At the Episcopal Church Foundation (ECF), we can help you create a charitable trust at no cost, including drafting the trust documents, in cooperation with legal counsel, and serving as trustee.
Trusts are popular primarily because of the number of ways they can be configured to match donor needs. The most common type of trust is the charitable remainder unitrust (CRUT). Assets (valued at a minimum of $100,000) that are placed into this type of trust are valued annually, and then paid out at a set percentage (usually between 5% and 6%) of the valuation amount. A charitable annuity trust (CRAT) allows a donor to place assets into a trust, and then receive payments at a fixed rate, much like a gift annuity. When a unitrust or annuity trust matures, the remainder then goes to a designated charity. A charitable lead trust (with a minimum of $500,000) is set up to use the trusts assets to make payments to a charity during the term of the trust, and then when the trust terminates, the remaining assets are given to beneficiaries - sort of the reverse of your standard trust.
Obviously, what I've given are very truncated descriptions: trusts can be structured in many different ways to meet donor needs. If you have assets that you might consider using to make a charitable donation, feel free to give us a call and discuss these options. Or feel free to download our brochure, Establish a Trust, here. One of these trust options may be the right fit for your estate planning and charitable goals. Please feel free to call us at 800-697-2858 if we can be of any assistance.
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Chronic Illness – Care of Your Person
If you have a chronic illness, your personal planning will need to involve careful consideration of your condition. Many Americans experience ALS disease, Alzheimer's, Huntington's disease, Parkinson's disease, multiple sclerosis (MS) or other types of chronic diseases. >>>read further
Go To ecf.giftlegacy.com
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Changes to Medicare Advantage
How much will the new health care reform law affect Medicare Advantage? My wife and I have used an Advantage plan for the past three years and would like to find out if we should stay with what we have or go back to Original Medicare. >>>read further
Go To ecf.giftlegacy.com
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Gift Annuity for Real Estate
Jonathan purchased a home many years ago for $80,000. The home has appreciated substantially over the years and is now worth $420,000. Jonathan's wife of 45 years recently passed away. >>>read further
Go To ecf.giftlegacy.com
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Returning Congress Takes Up Taxes
Following the August recess, Congress will return to Washington in September. A priority on the legislative schedule will be consideration of a tax bill. >>>read further
Go To ecf.giftlegacy.com
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Stocks - Tiffany Profits Up; Cautious About Future >>>read further
Bonds - Treasuries Fall on Bernanke's Remarks and GDP >>>read further
CD's and Mortgages - Mortgage Rates Fall for Ninth Week out of Ten >>>read further
Go To ecf.giftlegacy.com
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Thank you for your interest in gift planning. To access any of this updated financial and gift planning information, please select our web page by clicking here.
For additional information, please contact Matt Freeman at 800-697-2858 or email matt@episcopalfoundation.org.
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Note: Articles, commentary and other materials in the GiftLegacy system are included solely as educational
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all persons shall consult with their qualified professional advisors. Tax Quotes are courtesy of Jeffery L. Yablon,
Washington, D.C.
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