Unitrust and Special Needs Trust
If you are looking for a way to provide for a loved one who has special needs, and also make a gift to Marist, a charitable remainder unitrust and a special needs trust arrangement could help you achieve your objectives. The charitable remainder unitrust will make payments to the special needs trust, which in turn will provide support and care for your loved one. Eventually, the charitable remainder trust will go to Marist to help advance our mission.
Benefits of a Unitrust and Special Needs Trust
- Establish a way to provide for your loved one
- Avoid capital gains if the unitrust is funded with appreciated assets
- Receive an immediate charitable income tax deduction for the charitable portion of the unitrust
- Leave a legacy gift to Marist
How a Unitrust and Special Needs Trust Works
- You transfer cash or assets to fund a charitable remainder unitrust.
- The unitrust is invested and will make payments to the special needs trust for your loved one's lifetime or a term of up to 20 years.
- You receive an income tax deduction in the year you transfer your assets to the unitrust.
- Marist benefits from what remains in the unitrust after all payments have been made.
Additional information about unitrust and special needs trusts
If you are not in a position to make a gift to fund a charitable remainder unitrust during your lifetime, another option is to establish a testamentary unitrust that is funded through your estate. Your gift will provide support and care for your loved one with special needs after you are gone. The unitrust remainder will be used to help further advance Marist's mission.
Contact us
If you have any questions about how a charitable remainder unitrust and special needs trust work, please contact us. We would be happy to assist you.
3790 Ashford Dunwoody Road, NE