Unitrust and Special Needs Trust
If you want to support a loved one with special needs while also making a charitable gift, a charitable remainder unitrust paired with a special needs trust can help. This approach provides income for your loved one and leaves a lasting gift to the causes that matter to you.
Unitrust and Special Needs Trust Overview
Benefits of a unitrust and special needs trust
- Establish a way to provide for your loved one
- Avoid capital gains if the unitrust is funded with appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the unitrust
- Leave a legacy
How a unitrust and special needs trust works
- You transfer cash or assets to fund a charitable remainder unitrust.
- The unitrust is invested and will make payments to the special needs trust for your loved one's lifetime or a term of up to 20 years.
- You receive an income tax deduction in the year you transfer your assets to the unitrust.
- At the conclusion of the payments, the balance of the trust supports the causes that matter to you.
