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Give It Twice Trust - Help Family and Charity

You may be looking for a way to provide your children with income while making a gift to The Rocky Mountain Conference of Seventh-day Adventists. The Give it Twice Trust is a popular option that allows you to transfer your IRA at death to a term of years unitrust. The unitrust will pay income to your family for a number of years and then distribute the balance to charity.

Benefits of a give it twice trust

• Full value of IRA invested to produce income.
• Payments made to children for a term of years.
• Estate tax deduction and savings for your gift.
• Supports the work of The Rocky Mountain Conference of Seventh-day Adventists.

How a give it twice trust works

1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
5. At the conclusion of the payments, the balance of the trust will be transferred to The Rocky Mountain Conference of Seventh-day Adventists.

Contact us

If you have any questions about a give it twice trust, please contact us. We would be happy to assist you and answer any questions you might have.