Charitable Remainder Unitrust

You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need.

Charitable Remainder Unitrust

Stock or Cash

Unitrust

Donor

UM

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.
• Receive an immediate charitable income tax deduction for the charitable portion of the trust.
• Establish a future legacy gift to the University of Miami.

How a charitable remainder unitrust works:

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
3. 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.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. Upon your passing, or upon expiration of a term of years, the University of Miami benefits from what remains in the trust to further its mission.

Contact us

If you have any questions about a charitable remainder unitrust, please contact us. We would be happy to assist you and answer any questions you might have. We can also provide you with an illustration demonstrating your specific benefits from this vehicle.

Click here to learn more