Charitable trusts may be set up during a donor’s life, or as a part of a trust or will at death.
Charitable remainder trusts are irrevocable, established by a donor to provide an income stream to a beneficiary. If Georgian Court University is the charity named, the university will receive the remaining value when the trust terminates.
Charitable lead trusts make payments, either of a fixed amount (charitable lead annuity trust) or a percentage (charitable lead unitrust), to Georgian Court University during its term. At the end of the trust term, the remainder can either go back to the donor or to heirs named by the donor. The donor may sometimes claim a charitable income tax deduction or a gift/estate tax deduction for making a lead trust gift, depending on the type of charitable lead trust.
We would be pleased to assist you at any time with a planned gift with a charitable trust. Please contact us at 732.987.2478 or email@example.com for more information or to request help in getting started.