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Sale and Unitrust

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.

Benefits of a sale and unitrust

• You get the cash you need to purchase another residence, travel or meet your daily needs.
• The unitrust provides you with income for the rest of your life and future retirement.
• The unitrust deduction gives you valuable tax savings that may reduce your tax bill this year.
• When you pass away, the remaining value in the unitrust will help The Rocky Mountain Conference of Seventh-day Adventists further its work.

How a sale and unitrust works

1. You give a portion of your asset.
2. The asset is sold, you receive cash and the rest goes to fund your charitable trust.
3. The trust will provide you with income for the rest of your life.
4. You 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.

Contact us

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.