Part of the gift qualifies for an income tax deduction in the year it is made and, in most cases, a portion of each payment will be tax free. You name who will receive income for life. Income is based on the trust's value each year. Income will fluctuate annually with the fair market value of the trust. You name who will receive income for life.
Income is based on the trust's initial value.
Annuity trusts are also irrevocable making their tax benefits very appealing. You enjoy tax savings and sound investment experience. All gifts are invested in a common pool, under sound professional management. You share in the success of the entire fund receiving a portion of the yearly earnings based on the amount of your gift. Your Federal income tax benefit in the year the gift is made is based on the projected future value of mission's share.