Testamentary Charitable Remainder Unitrust: Have Your Cake and Eat it Too!
We have all heard the saying "You can't have your cake and eat it too." This phrase describes a situation where we want two good things at the same time when that isn't possible. Karen and Stephen felt this way when they were establishing their estate plan. They wanted to pass their estate to family, but they also had a place in their hearts for our charitable mission.Is a testamentary charitable remainder unitrust right for you?
Retirement accounts, such as an IRA or 401(k), make great gifts to fund a testamentary charitable remainder unitrust. The trust will provide income to family while also benefiting charity. If you have questions about this gift option, please give us a call.
*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to click here to view a color example of your benefits.
WHAT WOULD YOU LIKE YOUR GIFT TO ACCOMPLISH?
When you entrust your charitable gift to The Community Foundation, you have the flexibility to designate the purpose of your gift, and the confidence that The Community Foundation will carry out your plans for generations to come. Your gift can support a specific organization or cause, such as education or the arts, create a charitable fund that involves your children and grandchildren in a family tradition of philanthropy, or provide funds that The Community Foundation will use to address the changing needs of our community.