Charitable Remainder Trust
You may be concerned about high taxes associated with the sale of an appreciated asset. Capital gains tax and the Medicare surtax combined can cost you up to 23.8%. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder trust might offer the solutions you need.
Charitable Remainder Trust
Stock or Cash
Unitrust
Donor
Benefits of a charitable remainder trust
- Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
- Avoid capital gains tax and the Medicare surtax on the sale of your appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the trust
- Establish a future legacy gift to Oakland Symphony
How a charitable remainder trust works
- You transfer cash or assets to fund a charitable remainder trust.
- In the case of a trust funded with appreciated assets, the trust will sell the assets tax-free.
- The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
- You receive an income tax deduction in the year you transfer assets to the trust.
- Oakland Symphony benefits from what remains in the trust after all the trust payments have been made.
Contact us
If you have questions about a charitable remainder trust, please contact us.