|Phil and Alicia 's Story - Charitable Lead Trusts|
When assets provided more income than you need...
Phil and Alicia had a successful business developing both residential and commercial real estate. They realized that their assets provided more income than they need for their family's current living expenses; however they wanted to maintain their assets to ensure their grandchildren would have resources for college educations.
One of their first charitable gifts had been a gift of appreciated stock. They discussed their circumstances with their financial advisor who showed them how they could make a charitable gift now and be able to enjoy seeing the results while they were still here.
A Wonderful experience...
Helping both Family and Ministry at the same time...
Phil and Alicia wanted to contribute $250,000. They placed a sufficient amount of income producing commercial property into a Charitable Lead Trust (CLT) that would make annual payments of $25,000 over ten years.
This will provide the charity with $250,000 in total and after ten years, the assets will pass to the donor's heirs. Because the gift tax deduction and the amount subject to gift tax is determined at the time the assets are contributed to the CLT, any appreciation of the assets that takes place during the term of the trust is not subject to additional gift or estate tax.
As we said earlier, there are as many ways to support Gospel Rescue Mission as there are needs for your support.
Is a Charitable Lead Trust right for You...
You'll only know if you call. 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.