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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 Michigan State University.
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.
Mary (’60, Human Ecology) and David Jessup (’55, Agriculture and Natural Resources) decided to give back to MSU in thanks to the place where they met and all their adventures began. The David and Mary Jessup Forestry Summer Camp Endowment Fund supports an experience Dave loved as a student, and the David and Mary Jessup Dietetic Internship Scholarship defrays costs of the one-year requirement for registered dieticians.
They established three charitable remainder trusts that provide them and others income now and will benefit generations of students to come.
Submit a few details and see how a charitable remainder trust can benefit you.
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