Avoid capital gains tax on the sale of stock and other securities
David:I prefer to make donations to charities I like rather than pay a large tax bill. By transferring our portfolio to a charitable remainder trust, the trust can sell our stocks and other securites tax-free.
Barbara:I loved the fact that the trust would provide us with income in our retirement years. If something happened to me, David would be taken care of the rest of his life.
Barbara:I loved the fact that the trust would provide us with income in our retirement years. If something happened to me, David would be taken care of the rest of his life.
David: When I learned that we would also receive a charitable deduction for our gift, it was icing on the cake! I wondered why everyone nearing retirement doesn't set up a charitable remainder trust.
Is a tax-free sale from a charitable remainder trust right for you?
If you own highly appreciated property, such as real estate, stocks or other securities, you could benefit from a charitable remainder trust. The trust will help you avoid capital gains tax, provide you a charitable income tax deduction, and provide you with income.
If you have questions about the benefits of a charitable remainder trust, please contact us.
Click here to open a calculator and view the benefits of setting up your own charitable remainder trust.