Unitrust and Special Needs Trust
A unitrust and special needs trust is a plan you can fund that will provide payments from a charitable remainder trust to a special needs trust to support your loved one and leave a lasting gift to further the mission of Jacobs & Cushman San Diego Food Bank.
If you are looking for a way to provide for a loved one who has special needs, and also make a gift to us, a charitable remainder unitrust and a special needs trust arrangement could help you achieve your objectives.
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 gift to our organization
Unitrust and special needs trust video
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.
- Our organization benefits from what remains in the unitrust after all payments have been made.
If you have any questions about a Unitrust and Special Needs Trust, please contact your financial advisor or attorney.
