Creating a Trust
The benefits of each of these options vary, but they all share the following advantages:
- Income paid to you or another beneficiary such as your spouse, or both
- A tax deduction for a significant portion of the value of the gift
- Capital gains tax is greatly reduced or avoided altogether if the gift is in the form of appreciated securities or real estate
- Your income may increase when the gift is invested in a way that provides a higher yield than the asset previously produced
Three Types of Trusts
Charitable Remainder Trust
The advantages of a CRT are:
- A significant income tax deduction
- You avoid capital gains taxes
- You and/or your spouse receive an income that is usually greater than your asset is producing
- You may add assets to the trust over time
Short Term Charitable Remainder Trust
If you are looking for a way to minimize estate taxes or you need a method to finance a short-term family expense, such as post-graduate school for a child, then a short-term trust is an attractive possibility.
- An income tax deduction
- The ability to create income now for family members
- The potential minimization of estate taxes
An opportunity to benefit from an appreciated asset without incurring capital gains tax
Charitable Lead Trust
A Final Word
The Following Options Make Giving An Easy Process:
San Antonio Hospital Foundation is recognized as a charitable organization under Section 501(c)(3) of the Internal Revenue Code. This allows your gifts to the San Antonio Hospital Foundation to be tax deductible to the fullest extent of the law.
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