Peter and Gail were nearing retirement. Over the years, with the help of their financial advisor, they made solid investments in securities and built a sizable portfolio. While their investments increased substantially in value, their potential capital gains tax bill was rising. Now with retirement on the horizon, they were looking for a way to sell their highly appreciated stock, generate income for their future and avoid paying high capital gains tax.
"For many years we supported Florida Southern, and when we learned that we could make a gift of appreciated stock to FSC while bypassing potential capital gains taxes, I was thrilled. I learned that after we transfer our portfolio to a charitable remainder trust, the trust would sell the stock tax-free.
It was reassuring to know that the trust would provide us with income for our retirement years, and if something happened to me, Gail would still be taken care of for the remainder of her life. When I heard that in addition to the other benefits, we would receive a charitable deduction for our gift, it was just icing on the cake!" -Peter
Is a tax-free sale from a charitable remainder unitrust right for you?
If you own highly appreciated property, such as real estate or stocks, you could benefit from a charitable remainder unitrust. The trust will help you bypass capital gains, will provide you with a charitable income tax deduction in the year of the gift and could increase your income.
If you have questions about the benefits of a charitable remainder unitrust, please contact us
. We would be happy to work with you and answer any questions that you have.
*Please note: The names and image above are representative of a typical donor and may or may not be an actual donor to our organization. Since your unitrust benefits may be different, you may want to click here to view a color example of your benefits