A charitable remainder unitrust is a custom designed and individually managed trust to which you transfer cash or other assets that you would like to convert into an income stream. The trust is tax-exempt; therefore, when it sells any appreciated assets, it pays no ordinary income or capital gains tax. Furthermore, you may receive an income tax deduction for a significant portion of your gift.
Prepared for: Donor name
| General Information | |
|---|---|
| Date of transfer | April 27, 2021 |
| Fair market value of property transferred | $1,000,000.00 |
| Nearest age on the date of the gift for Beneficiary name is | 65 |
| Payment frequency | Quarterly |
| Payout rate | 5% |
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