If you want to provide an inheritance to your children and make a significant charitable gift through your estate, a charitable lead trust can help you accomplish both objectives—and now is the best time to establish this type of gift.
Lead trusts are attractive in low interest rate environments, and for August 2016, the IRS has announced a discount rate at 1.5 percent. The lower the discount rate, the greater your deduction. This is the lowest rate that the IRS has established since July 2013.
The basics. You transfer appreciating assets into a trust you create with the intention of supporting Northwestern first and then returning the remaining assets to family. This vehicle allows you to transfer assets to family, benefitting Northwestern, and taking advantage of possible tax advantages.
Contact the Office of Gift Planning at 800-826-6709 or firstname.lastname@example.org today about creating your charitable lead trust while the discount rate is at a low 1.5 percent, resulting in the most favorable deduction for you!
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Northwestern does not offer charitable gift annuities in all states, so please contact us to determine eligibility.