Jason 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.
Jason: For many years we had supported the work of our favorite charity. Through JCF, we could make a charitable gift of appreciated stock while bypassing potential capital gains taxes. I was thrilled to learn that after we transferred our portfolio to a charitable remainder trust, the trust would sell the stock tax-free.
Gail: I liked the fact that the trust would provide us with income for our retirement years. If something happened to either Jason or me, the other would still be taken care of for life.
Jason and Gail decided to make a gift of their appreciated stock to establish a charitable remainder unitrust. They were thrilled at the prospect of creating future income while bypassing capital gains tax.
Jason: When I heard that in addition to the other benefits, we would receive a charitable deduction for our gift, it was just icing on the cake! I wondered why everyone nearing retirement doesn't set up a charitable trust.
Gail: We always hoped to leave a wonderful charitable legacy for years to come, so by donating stock, we were able to establish an endowment fund that would give back to the community every year. This gifting opportunity made this dream possible.
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 typical donors and may or may not be actual donors to our organization. Since your unitrust benefits may be different, you may want to click here to view an example of your benefits