P.O. Box 37
23080 Maddox Road
Bushwood, MD 20618
(301) 769-3100
You may be concerned about the high cost of capital gains tax with the sale of an appreciated asset. Perhaps you recently sold property and are looking for a way to save on taxes this year and plan for retirement. A charitable remainder unitrust might offer the solutions you need.
A charitable remainder unitrust pays you income that reflects the value of the trust's assets. Your income has the potential to increase over time as the trust grows in value. There are several unitrust payout options to meet your needs. The best payout option may depend on the nature of the asset used to fund the trust. Your attorney or tax advisor may work with you to determine which payout option is best for you.Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years.
Avoid capital gains on the sale of your appreciated assets.
Receive an immediate charitable income tax deduction for the charitable portion of the trust.
Establish a future legacy gift to Sacred Heart Church.