Gifts That Pay You Income for Life
Do you want to support , but worry about having enough income for yourself and your loved ones? Life-income gifts such as gift annuities and charitable remainder trusts can provide donors with an income stream, significant tax savings, and the satisfaction of providing with vital, long-term resources.
The creation of a life-income gift benefits both the giver and the receiver, a “win-win” situation. There are four life-income gifts available, with one possibly being right for you:
Charitable Gift Annuities
Charitable Trusts
Please note: Because the federal estate tax has been repealed for 2010, there is no current estate tax in 2010 for the gifts described on this page. However, the consensus opinion among professionals is that Congress will enact an estate-tax law that may be retroactive to January 1, 2010. It is very important that you seek the advice of your estate-planning attorney to determine what changes, if any, need to be made to your existing estate plans, and then again if Congress reinstates the estate tax sometime later this year.
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