text: If you sell your appreciated assets, you will pay a large capital gains tax. A sale and charitable remainder unitrust may be the solution to avoid capital gains tax.
  Sale and Unitrust
  Property
  Cash To Donor From Sale
  Income to Donor
  Unitrust
  Flowchart: Donor transfers an undivided portion of property to a unitrust. When property is sold, the donor and the unitrust receive cash from the sale. The donor receives payouts from the unitrust and the receives the remainder at the end of the trust term.
  Benefits of a sale and unitrust
  Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
  Receive income from the unitrust for the rest of your life and future retirement
  Obtain an income tax deduction that may reduce your tax bill this year
  Further the work of National Church Residences Foundation with your gift
  How a sale and unitrust works
  You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
  The assets are then sold. You receive cash from the sale, and the rest of the sale's proceeds are paid to the charitable unitrust.
  The trust will provide you with income for the rest of your life.
  You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.
  More on sale and unitrust
  When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.
  Contact us
  If you have any questions about a sale and unitrust, please contact us. We would be happy to assist you and answer any questions you might have.
  About Charitable
  Gift Annuity
  A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.
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  PRIVACY STATEMENT
  This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice.
  For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.