Charitable Remainder Unitrusts and Annuity Trusts (During Life or Testamentary) (Irrevocable)

Securing a Bright Future: Peter's Smart Investment Strategy

As Peter approached retirement, he often thought of his late wife, Gail, and the years they spent diligently investing to build a substantial securities portfolio. With retirement on the horizon, Peter sought a way to convert the appreciated stock into a steady income stream while avoiding a hefty tax bill.

"We've always supported The Salvation Army, the charity that supports all the causes dear to us, especially poverty." Peter shares. "When I learned about donating appreciated stock to bypass capital gains tax, I was intrigued. Transferring our portfolio to a charitable remainder trust and having the trust sell the stock tax-free was a game-changer."

Peter remembered how much Gail valued financial security, influencing his decision to establish a charitable remainder unitrust.

1. Bypassing Capital Gains Tax: Contributing the stock to the trust allowed Peter to avoid capital gains tax and preserve more of the investment's value.
2. Generating Retirement Income: The unitrust provided a reliable income source, ensuring financial stability in Peter's retirement. "The trust's income offers peace of mind knowing Gail's wish for security is honored."
3. Receiving a Charitable Deduction: Peter also received a charitable deduction for the gift. "The deduction was icing on the cake," he says. "Everyone nearing retirement should consider a charitable trust!"

This strategic approach provided Peter with financial security and significant tax advantages while supporting the charitable causes he and Gail cherished. Their gift through the charitable remainder unitrust created a lasting legacy for those in need.

Note: The names and details in this story represent typical donors and may not reflect an actual donor to our organization.