Annuity Trusts

Acharitable remainder annuity trust is a way to make a gift that allows you to retain income from your property for life. Your funds are held separately and invested to earn a fixed and regular income for you.

Trust income can be a welcome supplement to a retirement plan. Management of assets can be achieved for yourself and surviving loved ones. At your death (or at the death of your surviving spouse or other loved one, if you designate), whatever remains in the trust is distributed to charitable beneficiaries.

The payments you receive each year will be at least 5 percent of the amount placed in the trust. The exact amount is determined by you when the plan is created. A tax deduction is allowed at the time you create your trust. Its size depends on your age, payment percentage, and other factors.