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Charitable Lead Trust
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How It Works
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You contribute cash, securities or other property to a trust.
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The trust makes fixed annual payments to Mental Health America for a specified term of years.
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When the trust ends, the remaining principal goes to your heirs.
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Benefits
- You qualify for a gift tax deduction for the present value of the annuity payments to MHA.
- You can adjust the annuity payments and the term of the trust to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
- All appreciation that takes place in the trust goes tax-free to your heirs.
- You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making a significant gift to MHA now that reduces the taxes due on transfers to your heirs later.
More
For more information
If you are considering a charitable lead trust, email us, complete the personal illustration form, or call us at (703) 838-7533 so that we can assist you through every step of the process.
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