Charitable Trusts

There are various ways to set up a trust. Each one will serve a different purpose.

 

Charitable Remainder Trust

A charitable remainder trust is a highly recommended estate planning tool that allows you to donate your assets to Shaloh House Chabad while providing an income stream to you and your family. A charitable remainder trust has significant tax advantages for your children and beneficiaries during your lifetime.

 

Here's how a Charitable Remainder Trust can work for you:

- Appreciated real estate or securities are often an excellent asset to place in a charitable remainder trust.

- You establish a remainder trust that provides income payments to you or your family.

- A charitable remainder trust will, in most cases, reduce your estate taxes.

- After your passing, the assests are given to Shaloh House Chabad.

- This is a significant and important way to leave a meaningful Jewish legacy.

 

Charitable Lead Trust

A charitable lead trust can be an effective estate planning tool to transfer the assets to your heirs with significant tax advantages, while making a meaningful gift to the Shaloh House Chabad Planned Giving Office.

 

How Charitable Trusts can work for you:

- You can establish a lead trust that will make income payments to Shaloh House Chabad for a predetermined number of years.

- After the trust term ends, the assets are distributed to you or your family.

- This is an outstanding way to give charity today, eventually leaving the asset to your heirs.

- Appreciated real estate is often an excellent asset to place in a charitable trust. 

 

Retained Life Estate

A retained life estate is a strategy that allows you to donate a home to Shaloh House Chabad while retaining the right to live in it for the rest of your life.

 

How a retained life estate works: 

- You deed your home to Shaloh House Chabad, but retain the right to live there for the rest of your life.

- You continue to live on your property for as long as you want and are responsible for the expenses: maintenance fees, insurance, property taxes, repairs, etc.

- When you pass the property is transferred to Shaloh House Chabad.

- You are able to receive a substantial tax reduction.

- You benefit by knowing your property or vacation home will ensure a Jewish legacy.

 

If you are considering a charitable lead trust, a retained life estate, or for any information on planned giving, please contact us.