Connie Maxwell Children's Home

Often called the "gift that comes back", this type of gift operates on the same principle as the Charitable Remainder Trust. However, the charity receives the income produced by the trust. At the end of the trust period, assets used to fund the gift are returned to you or your loved ones. Because you made a definite gift commitment when the trust was created, you are entitled to a deduction for the value of the payments to charity in the year the plan was created.

When the plan is set up, you decide who will manage the trust. You can select from a number of trust managers at your local banking institution or brokerage firm or you can manage the trust plan yourself. The trust will file a tax return each year, listing income and distributions of the trust. Very little in the way of additional administration is required in order to properly manage a charitable lead trust.

Below are some advantages of a charitable lead trust:

• You can make a significant gift.
• Your gift can be part of a plan that helps ensure future economic security for yourself & your loved ones.
• You may be able to provide your heirs with a larger inheritance than would otherwise be possible.
• You can reduce or eliminate income, estate, and gift taxes now and in future years as well.

A flow-chart that demonstrates how a charitable lead trust works is available using the links below:

If you would like additional information on this wonderful gift opportunity or a free quote including a summary of benefits, call or e-mail Eric Taylor at 1-800-868-2624. Our services are confidential and available to friends of Connie Maxwell free of charge.