Charitable Remainder Unitrusts & Annuity Trusts
A unitrust is a form of planned giving where you transfer cash and/or securities to a trust. The trust then uses those assets to pay you or your beneficiary a set percentage (unitrust) or fixed dollar amount (annuity trust) for life. After your death, the principal assets of your trust go to The Arbor Hospice Foundation.
Advantages: You receive an income tax deduction for the gift and a stream of income that is adjusted annually. Capital gains tax and estate tax benefits are created as well.