If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust. This type of trust provides you or other named individuals with income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Roots and Wings.
These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments, and each has its own benefits:
Each year, the annuity trust pays you the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
Each year, the unitrust pays you a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Legal name:
Roots and Wings, Inc.
Address:
7700 Congress Avenue, Suite 3212 Boca Raton, FL 33487
Federal tax ID number: 38-400863
Roots and Wings, Inc.
7700 Congress Avenue, Suite 3212 Boca Raton, FL 33487
Federal tax ID number: 38-4008636
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.