Sale and Unitrust
Are your appreciated assets (such as stock, bonds or real estate) producing little or no income?
If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution.
How a Sale and Unitrust Works
- You give a portion of your asset.
- The asset is sold, you receive cash, and the rest goes to fund your charitable trust.
- The trust will provide you with income for the rest of your life.
- You receive a charitable deduction this year to offset your tax on the sale.
Benefits of a Sale and Unitrust
- You get the cash you need to purchase another residence, travel, or meet your daily needs.
- The unitrust provides you with income for the rest of your life and future retirement.
- The unitrust deduction gives you valuable tax savings that may reduce your tax bill this year.
- When you pass away, the remaining value in the unitrust will help the Chesapeake Bay Foundation further its work.