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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 Eckerd College 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 Eckerd College.
- 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 to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making
a significant gift to Eckerd College 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 (727) 864-8229 so that we can assist you through
every step of the process.
Judi Schraer
Director of Gift Planning
Eckerd College
4200 54th Avenue South
St. Petersburg, FL 33711
(727) 864-8229
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