Are your appreciated assets, such as stock, bonds or real estate, producing little or no income?
If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution. We work with you and your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits.
Sale and Unitrust
Cash To Donor From Sale
Income to Donor
Benefits of a sale and unitrust
- You get the cash you need to purchase another residence, travel, or meet your daily needs
- Receive income from the unitrust for the rest of your life and future retirement
- Obtain an income tax deduction that may reduce your tax bill this year
- When you pass away, the remaining value in the unitrust will be transferred to The Dallas Foundation and support the organization and causes you value.
How a sale and unitrust works
- Give a portion of your asset to a charitable unitrust.
- The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
- The trust will provide you with income for the rest of your life
- Receive a charitable deduction this year to offset your tax on the sale.
More on sale and unitrust
When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.
If you have any questions about a sale and unitrust, please contact us. We would be happy to assist you and answer any questions you might have.