Give Away the Fruit, but Keep the Tree
Are you concerned about the possibility of the government taking a huge part of the assets you were planning to leave your heirs?
There’s a way to pass assets to your family with significant estate savings while at the same time making a gift to Ruth Eckerd Hall. It’s called a charitable lead trust. After we receive income from assets in the trust for a period of years, the principal goes to your family, with estate or gift taxes reduced or even eliminated.
The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost. It’s ideal if you’re willing to forego investment income on an asset but don’t want to force your heirs to surrender the principal.
With a lead trust, you carry out your philanthropic plans over the coming years and save on taxes.
- Can be funded during your lifetime or through your will
- You support our mission through annual income payoffs
- Reduces your taxable estate and potential gift tax
- Assets can be kept in the family
We invite you to discuss your giving objectives and options with Suzanne Ruley at 727.712.2761.