Family Matters

Charitable Remainder Unitrust

A charitable remainder unitrust is a unique planned giving method that offers significant benefits such as payments for you, your spouse and other family members for a set term of years; possible capital gains tax avoidance; a charitable tax deduction; and future opportunities to support your Aggie passions. This allows you to use your wealth during your lifetime and lessen the estate tax burden on your family.

 

Testamentary Charitable Remainder Unitrust

A testamentary charitable remainder unitrust is created after your lifetime. It is also known as a “give it twice” trust because it allows you to pass the benefit of annual payments to named beneficiaries for a number of years or their lifetimes before the remainder supports your area(s) of choice at Texas A&M. This is a great way to gift equal annual payments to loved ones and remove estate taxes.

 

Testamentary Charitable Gift Annuity

Testamentary charitable gift annuities are similar to testamentary charitable remainder unitrusts, except they can be funded with fewer assets. Simply contact the Texas A&M Foundation’s planned giving experts, and they will work with you to plan terms that will be most beneficial for you and your family. Advantages include an immediate tax deduction; fixed payments for life for a loved one; a tax-free portion of gift annuity payments and capital gains tax savings if you give appreciated assets.



 

For more information about how you can plan to pass wealth to your family, contact Angela Throne ’03 at the bottom of this page.