Remainder Trusts
How They Work
A charitable remainder trust lets you convert highly appreciated
securities or real estate into income for life or a term of years
without incurring capital gains tax when the asset is sold. The
appreciated asset is transferred into an irrevocable charitable
remainder trust and is then sold by the trustee. The proceeds are
reinvested, and you and/or another designated beneficiary(ies) receive
income for life or a specified term of years. When the trust terminates,
the remainder will be used by NCPB for endowment.
There are two types of charitable remainder trusts:
Unitrust — The income you receive is a set percentage
of the value of the trust's assets, which is revalued each year.
Annuity trust — Income payments are fixed and determined
when the trust is set up. The annuity trust is most attractive to
individuals who wish to avoid market risk.
We would be pleased to discuss the possibility of NCPB serving as
trustee of your charitable remainder trust. Typically, NCPB serves
as trustee for charitable remainder trusts that name NCPB irrevocable
beneficiary of $100,000 or more; that have an appropriate payout
rate; and whose life income beneficiaries are 65 or older.
We are always happy to consult with you and your advisor about the
various charitable trust options and can provide computer modeling
showing how the trust would work in your particular circumstances.
Your Benefits:
 |
Income for life or a term of years. |
|
Potential for low-yielding assets to turn into more income. |
|
A significant income tax deduction. |
|
No capital gain tax at the time of the gift if appreciated
assets are used to fund the trust. |
|
Potentially reduced estate taxes and probate costs. |
|
Professional, personalized investment management and trust
administration by Kaspick
& Company. |
For More Information
To request a brochure on charitable remainder trusts and/or to receive a
personalized illustration of the financial benefits of establishing a charitable remainder trust, please complete our request for information form.
 |
|
|
|
Past recipient of the KQED
Volunteer of the Year
Award
"Because
of my commitment to public broadcasting, I have been a volunteer
at KQED for the past 20 years and have helped with the auctions,
special events, and led studio tours for schoolchildren and
adult members.
"When
selling my house and moving to a retirement community, I wanted
to save on capital gain taxes, receive an income for the rest
of my life, and help secure the future of KQED TV and KQED
FM. After studying various alternatives, I decided that a
charitable remainder trust fulfilled all my goals and would
give me a charitable deduction against my income for several
years. My children supported me in my plan, and I feel I'm
helping to keep intelligent programming on the air for them
and future generations."
|
|
|
support KQED
wills & living trusts
remainder trusts
about KQED
