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Charitable Lead Trust
Click Here for Detailed
Explanation
How It Works
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You contribute cash,
securities or other property to a trust. |
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The trust makes
fixed annual payments to the Crohn's & Colitis Foundation for a specified
term of years. |
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When the trust ends,
the remaining principal goes to your heirs. |
Benefits
- You qualify for a gift tax deduction
for the present value of the annuity payments to the Crohn's & Colitis Foundation.
- You can adjust the annuity payments
and the term of the trust to reduce or even eliminate the transfer
taxes due when the principal reverts to your heirs.
- All appreciation that takes place in
the trust goes tax-free to your heirs.
- You can use your available estate tax
credit ($1.5 million per person in 2004; $2.0 million per person beginning
in 2006) to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making
a significant gift to the Crohn's & Colitis Foundation now that reduces
the taxes due on transfers to your heirs later.
More
For more information
If you are considering a charitable lead trust, email us,
complete the personal illustration form,
or call us at (212) 685-3440 ext. 7448 so that we can assist you through
every step of the process.
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