Add More Income to Your Retirement Years

How a Unitrust Works
You give cash or other assets to a unitrust that will make distributions to you during your lifetime, then to another beneficiary if you so choose, with the remaining balance eventually paid to Sisters Hospital Foundation estate tax–free.

When you establish a unitrust, you receive an immediate partial income tax deduction, if you itemize your deductions. The size of the deduction depends on the ages of the income beneficiaries, the rate of payout and the value of the donated assets.

Compare Other Plans
You can contribute virtually any sum to a unitrust, in contrast to the limits of IRAs or other retirement plans. You can add to the unitrust every year or whenever you wish. In certain cases, such as when the trustee invests cash you have donated to the trust in tax-free securities, you may be able to receive tax-exempt income from your unitrust.

Of course, one of the most important benefits is the satisfaction of knowing you will be helping others.

Click the icon to request a FREE guide to charitable remainder trusts.

Please call Julie Snyder at 716-862-1992, or e-mail us at jsnyder@chsbuffalo.org, for more information.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.