Why Create a Unitrust?

The reasons are numerous, especially for those who have a charitable interest.

“I want to leave something to my children, but one of them is not very good at managing large amounts of money. He tries very hard, but seems to keep coming up short. When we are gone, as hard as he tries, I’m afraid he’ll run through it in no time at all.” A unitrust, created through a will, could be an excellent way to provide a source of regular income, protected from poor luck or management by the son.

“If I go first, I’m concerned about how my wife will manage. She was the best wife and mother there ever was, and raised a wonderful family while I ran the business, but, unfortunately, I kept all the business stuff to myself.” A unitrust can provide security for the spouse and expert management by others.

“This farm kept us going through good and bad times, but it’s becoming more than we can manage. It’s time to do something else, but the taxes from selling are going to be enormous.” A unitrust can avoid 100% of the capital gains taxes of selling the farm, and give the couple freedom to do pursue other interests.

“We’ve had a really good year, and could use some nice tax deductions this year, but not every year is a good one. We need to set some of these good times away for the future.” A unitrust, particularly one set up with the intention of not really taking advantage of it until retirement, can create a very nice supplemental retirement income in the future and some nice deductions this year.

“I’d like to support the work of the Rehab in a substantial way, but we need to increase our income. Even if what this stock is paying us is pretty low, I don’t see how we can give up the stock now.” Often the delightful result of creating a unitrust is a substantial increase of income and a gift to the Rehab.

The options provided by life income arrangements, of which the unitrust is but one, are almost limitless. We’re here to help you discover those options at no cost and no obligation. Call us toll free at 888-861-6385.