CHARITABLE TRUST

Your Benefits

Some of the best experiences in life are made possible for us thanks to the generosity of others who have setup a charitable trust. A charitable trust is simply a trust created for the benefit of a legal charity. The general public is often not the only ones who benefit from a charitable trust. Besides the warmth in your heart, you reap many other benefits when you setup a charitable trust. Charitable trusts offer many tax advantages such as reducing estate taxes, eliminating capital gains, and income tax deductions.

Your Options

Both charitable lead trusts and charitable remainder trusts are great estate planning tools for those who wish to leave their mark on future generations. The charitable lead trust provides for a certain percentage of income every year to go to your chosen charity. After your death, your named beneficiaries receive the remaining assets.

With a charitable remainder trust, you keep a portion of the income stream for yourself or even another beneficiary with the remainder going to your chosen charity after your death.

Our Services

First Bankers Trust Services will serve as your Trustee to ensure your trust is handled properly and accurately. Our staff stays abreast of changing IRS regulations and tax laws.