Charitable Remainder Unitrust
If you're concerned about the high cost of capital gains tax, transferring your cash or appreciated property to fund a charitable remainder unitrust could be an ideal solution. The trust sells your property tax free and provides you with income for life or a term of years.
Benefits of a charitable remainder unitrust
- 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 on the sale of your appreciated assets.
- Provides an immediate charitable income tax deduction for the charitable portion of the trust.
- Establish a legacy that supports Broncos for years to come.
How a charitable remainder unitrust works
- You transfer cash or assets to fund a charitable remainder unitrust.
- In the case of a trust funded with appreciated assets, the trust will then 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.
- WMU benefits from what remains in the trust after all the trust payments have been made.
Contact us
If you have any questions about a charitable remainder unitrust, please contact us. We'd be happy to answer them or assist you.
Additional information
Charitable remainder unitrust for income. A charitable remainder unitrust pays you income that reflects the value of the trust's assets. Your income has the potential to increase over time as the trust grows in value.
How to select the right unitrust payout. There are several unitrust payout options to meet your needs. The best payout option may depend on the nature of the asset used to fund the trust. We would be happy to work with you and your tax advisor to determine which payout option is best for you.