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If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to University of South Carolina or one of its affiliated foundations.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.
Irwin From of Spartanburg, South Carolina, likes the idea of building on something important to his family. That's why he has continued the legacy of supporting scholarships that honor his grandparents, Israel and Bertha From, and his parents, Ellis and Maie From. The From scholarships are intended for students who attend U of SC Union and help defray a large portion of the annual tuition.
In addition to supporting the scholarships, Irwin also plans to establish charitable remainder trusts and other planned gifts that will benefit U of SC Union and create scholarships for Union County students attending U of SC Upstate, the university's senior campus in Spartanburg. Read More
Submit a few details and see how a charitable remainder trust can benefit you.
This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!
Download My KitThis comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!
Download My Kit