Capital Gains Tax Bypassed
Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio. While their investments increased substantially in value, their potential capital gains tax bill was rising. Now with retirement on the horizon, they were looking for a way to sell their highly appreciated stock, generate income for their future and avoid paying high capital gains tax.Gail: I liked the fact that the trust would provide us with income for our retirement years. If something happened to Peter, I would still be taken care of for the remainder of my life.
Is a tax-free sale from a charitable remainder unitrust right for you?
If you own highly appreciated property, such as real estate or stocks, you could benefit from a charitable remainder unitrust. The trust will help you bypass capital gains, will provide you with a charitable income tax deduction in the year of the gift and could increase your income.
If you have questions about the benefits of a charitable remainder unitrust, please contact us. We would be happy to work with you and answer any questions that you have.
*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 unitrust 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.