Now you'd like to reap the rewards of your good judgment and increase your income. The problem is that your highly appreciated stock and increased net worth isn't paying a dividend or there's no rental income from the land you purchased. You'd like to sell it, but state and federal taxes will take approximately one-third of the gain. Dr. Smith and his wife can fund a charitable remainder trust with their ABC stock. Because the trust will benefit Suburban, a tax-exempt institution, the entire proceeds can be sold and reinvested by the trust without incurring capital gains.
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