Charitable Remainder Unitrust

Like the annuity trust, a charitable remainder unitrust provides for a gift that returns an income. Unlike the annuity trust, the income from a unitrust will increase or decrease with the value of the assets placed in the trust. The payout percentage is determined at the time the gift is made, and assets in the trust are revalued each year. When the value of the trust assets goes higher, more income is received. The income will be less if the value of the assets declines. Similar to the annuity trust, a tax deduction is allowed at the time the unitrust is created, and income is taxed at ordinary IRS rates. The minimum amount is $10,000.

a charitable remainder unitrust provides for a gift that returns an income

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