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| | Charitable Remainder Trust (Site not responding. Last check: 2007-10-07) |
 | | Following the death of the beneficiaries, or at the conclusion of the term of years specified by you in the trust, the trust property goes to the charity(ies) or foundation(s) you named. |
 | | The annual payment must be 5 percent or more of the initial value of assets in the trust, and it continues for the life of all income recipients, or for a specific term of years (not to exceed twenty). |
 | | Alternatively, if John donates the stock to a charitable remainder unitrust with a 5 percent payout for his life, they would receive a tax deduction of $40,857, which would reduce their taxes by $14,709 in the year they create the trust. |
| www.pulmonaryfibrosis.org /trust.htm (1650 words) |
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