 |
|
|
| Other Irrevocable Gifts |
|
| Other Irrevocable Gifts Include: |
|
 |
Charitable Lead Trust |
|
Retained Life Estate |
|
|
| Charitable Lead Trust |
 |
| Benefits to donor: |
| 1. |
Trust principal reverts to donor or family members |
| 2. |
Allows for transfer of assets to family members at
reduced tax cost |
|
 |
| Income to donor: |
None, income to SIUF |
|
| Taxation of income: |
None |
|
| Choose if objective is: |
Pass principal to heirs |
|
|
|
| Retained Life Estate |
|
| Benefits to donor: |
| 1. |
Retention of life estate in personal residence or farm |
| 2. |
Tax deduction for present value of remainder
interest in property |
| 3. |
Avoids capital gains tax |
|
|
| Income to donor: |
None, unless property rented |
|
| Taxation of income: |
None, ordinary income if rented |
|
| Choose if objective is: |
Deduction, plus continued use of residence or farm |
|
|
|
