Susan and Fred's Story - Charitable Remainder Trusts Print E-mail

Susan and Fred know what hard work is all about. And they have the rewards as a result.Fred and Sue picture in Charitable Trust example

Susan: "I was one of the lucky ones. It was a very tough time for me and my mother, but they were there when we needed a little help. Did it make a difference? Only in every aspect of my life! "

Fred:
"We know how important the work of a ministry is to a community, and we know how difficult it is for them to develop the funding they need. Facilities, up-to-date equipment, getting staff - it's all literally urgent. We know that the local ministries need our help."

Susan:
"We benefited because they had been supported by others before us - but now we can give back. And what a joy it is to know that when we no longer need it, part of it is going to someone who does. It's awesome - we are changing lives!"

Fred:
"That's why Susan and I made the decision. The trust will provide income to them and we can see it benefiting His work - giving hope and support to the homeless and needy. But we have the peace of mind knowing that our estate will be there to help our immediate family after we're gone."

Types of charitable remainder trusts...

There are two different types of charitable remainder trusts.

A charitable remainder unitrust (see example of charitable remainder trust) is a popular way to achieve tax benefits, as well as, a fixed annual percentage on the value of the assets in the trust. The assets are revalued annually and, if the trust value changes, the payment to the beneficiary(ies) changes.

A charitable remainder annuity trust is set up to pay a fixed rate of return based on the initial valuation at the time the property is placed in the trust. The trust assets are never revalued.

For further information about charitable remainder trusts, additional information is also available.

Charitable Remainder Trusts provide a good degree of flexibility that is valuable in charitable gift planning. For example, a variation on remainder trusts can be an effective way to make gifts of real estate.

Remainder Trust...A Great Way To Make A Difference

Susan and Fred are happy that they have made a difference; a difference that will have a profound impact on the lives of others as their funds are use to minister to women and children at the "Women and Children's Center" and to Men restarting their lives at the "Men's Center".

Count Me In, I want to make a difference too!...

I will be glad to answer questions and offer suggestions confidentially based on your personal circumstances.

Please call Danny Hansen Today, at (520) 740-1501, or e-mail me using the information request form.

Danny Hansen
Associate Executive Director & Pastor
Gospel Rescue Mission of Tucson

 

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