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Planned Giving

 

 

 

Planned Giving for Financial Advisors

Flip Charitable Remainder Unitrust

Charitable Remainder Unitrusts Gift Diagram

How they work

  • Your client transfers cash, securities, real estate, business interests, or tangible personal property into a trust.
  • The trust pays your client or other beneficiaries she names net income until a date in the future (the “flip” date), and then pays the income beneficiary a percentage of the trust’s value, as redetermined annually, for the remainder of the trust term.
  • When the trust terminates, the remainder passes to Gaylord Hospital to be used as your client directs.

Benefits for your client

  • Your client can use illiquid assets such as real estate or business interests, to create a trust.
  • Your client or her beneficiaries will receive income for life or a term of years.
  • Your client can postpone full unitrust payments until a future date she defines, allowing the trust to grow in the meantime (and increase the size of the full unitrust payments when the time comes).
  • Your client will receive an immediate income tax deduction.
  • Your client will defer or avoid capital gains tax on appreciated assets donated.
  • Your client can make additional contributions in the future and receive additional income and tax benefits.
  • Your client will remove the trust assets from her taxable estate.

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