| Gift
Planning Overview Table |
| Gifting
Strategy |
Primary
Uses/Benefits |
| Gift
of Appreciated Assets |
Income
tax savings, avoids capital gains tax, estate tax savings. Easier
than making a cash gift. |
| Charitable
Gift Annuity |
Fixed
income for life - partial tax-free, income tax deduction, simple
contract, estate tax savings |
| Charitable
Remainder Annuity Trust |
Avoids
capital gains tax, fixed income for life or term of years,
income tax deduction, flexible payout rate, estate tax savings,
diversity investments |
| Charitable
Remainder Unitrust |
Avoids
capital gains tax, variable income for life or term of
years, income tax deduction, flexible payout rate, estate tax
savings, diversity investments |
| Charitable
Lead Trust |
Significant
gift and/or estate tax savings; transfer assets to heirs at
reduced estate costs; provide future inheritance to grandchildren |
| Gift
of Life Insurance |
Low cost
gift, income tax deduction |
| Retained
Life Estate |
Income
tax deduction, retain the use of gifted asset for life, estate
tax savings |
| Bequest
of IRA or Retirement Plan at Death |
Escapes
income and estate tax on plan proceeds which can consume 60-75%
of plan assets |
For more information on how a particular
technique works, click on any of the techniques above for a more
indepth explanation.
DISCLAIMER
The information contained in this site is for educational purposes
only. The reader understands that Millsaps College is not
rendering legal advice and that the reader should seek independent
legal counsel when contemplating estate planning decisions.
For
More Information Contact
Gift and Estate Planning
Services
P.O. Box 151191
Jackson, MS 39210-1191
(voice) 601-974-1035 (fax) 601-974-1088
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