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Christ Temple Church
Unitrust




The Unitrust:

Do you wish you could give more to advance the mission of evangelism? Or had the ability to bring God's message of hope to mankind? Or had the means to extend the ministry of the Christ Temple Church of the Apostolic Faith Inc.(Christ Temple)?

If you would like to make a charitable gift to a cause you believe in, the Unitrust accommodates your desires. The Unitrust also keeps your family's financial goals in perspective.

Primary Features
 
Flexibility
 
Frequently Asked Questions
 
Setting Up a Unitrust
 
This information is of a general nature only. For specific legal advice and assistance, you should contact your own attorney.

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Primary Features:

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Flexibility

The type of planned gift you choose depends upon your particular situation.

Some of the following categories may apply to your individual circumstances:

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Frequently Asked Questions

  1. Is it possible to make a gift that benefits more than one charitable organization?
     
  2. How much income can you count on?
     
  3. Can you (or those you choose) receive income for a certain number of years, rather than for life?
     
  4. What factors affect the charitable deduction on your Unitrust?
     
  5. Can your survivor receive benefits?
     
  6. Are the investment criteria and related income tax treatment fixed in a rigid pattern?
     
  7. Can you make additions to your Unitrust?
     
  8. Can your deposit of cash or other property for a Unitrust be returned if circumstances require it?
     
  9. Is it possible to make up in later years for income not received in the early years of the Unitrust?
     
  10. How can a Unitrust provide tax benefits for you?
     
  11. Should taxes be your chief concern?
     
  12. Must the Unitrust assets be probated?

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  1. "Is it possible to make a gift that benefits more than one charitable organization?"

    Yes. You may include multiple charities.

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  2. "How much income can you count on?"

    Your income percentage rate is mutually agreed upon by you and the trustee.

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  3. "Can you (or those you choose) receive income for a certain number of years, rather than for life?"

    Yes. A Unitrust can be established for life or for up to twenty years.

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  4. "What factors affect the charitable deduction on your Unitrust?"

    The charitable deduction is based on market value of the gift, percentage rate, frequency of payments, and your age.

    Because of this provision, the older person choosing lower rates will reap a greater charitable deduction. Conversely, higher rates and younger ages will decrease the charitable deduction.

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  5. "Can your survivor receive benefits?"

    Yes. You may name a spouse, another loved one, or a friend as a successor income beneficiary in your Unitrust.

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  6. "Are the investment criteria and related income tax treatment fixed in a rigid pattern?"

    No. Although most donors do not expect changes in their financial status, circumstances sometimes change. The trustee can invest the portfolio for growth or for income, depending on the needs of the donor.

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  7. "Can you make additions to your Unitrust?"

    Yes. Assets may be added to your Unitrust at any time, allowing you to receive a further charitable deduction.

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  8. "Can your deposit of cash or other property for a Unitrust be returned if circumstances require it?"

    No. Once you enter into a Unitrust, the terms cannot be altered by you or by the trustee. For this reason, take care to make sure that you retain sufficient resources to meet emergency needs.

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  9. "Is it possible to make up in later years for income not received in the early years of the Unitrust?"

    Yes. A make-up provision may be included in the Unitrust document.

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  10. "How can a Unitrust provide tax benefits for you?"

    • You can claim a charitable deduction on your income tax return in the year your gift is made.

    • If your agreement is funded with appreciated property, there is no income tax payable on the capital gain from the sale and reinvestment of the proceeds.

    • A portion of your income may be treated as capital gain, tax-exempt income, return of principal, or some combination of these.

    • The Unitrust will not usually be considered as part of your taxable estate. (However, if someone other than your spouse receives benefit from the Unitrust, estate taxes may be due.) In modest-size estates, estate taxes are seldom a factor.

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  11. "Should taxes be your chief concern?"

    No. Your primary consideration should be to provide adequately for yourself and your loved ones, while you also support the charitable causes you believe in.

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  12. "Must the Unitrust assets be probated?"

    No. Because the Unitrust is not considered a part of the probate process, it does not add to the expenses involved in settling your estate.

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    Setting Up a Unitrust:

    We've talked about your own financial benefits from a Unitrust. It is equally important to keep in mind that your gift makes a significant contribution toward reaching the lost for Christ . . . toward advancing the ministry of evangelism.

    In order for both you and the Christ Temple Church to receive the most benefit, a Unitrust must be tailor-made to your circumstances.

    We would be happy to help you and your advisors explore the available options in charitable gift planning. If you feel this is the right direction for you, or if you have questions and would like to talk to one of our representatives about a Unitrust, please contact our office via mail, phone, or e-mail:

    Christ Temple Church
    9020 B Woodyard Road
    Clinton, MD 20735-4212

    (301) 868-3567

    email:
    christteme@aol.com

    Information sent via the Internet may not be secure.

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copyrightcopyright 2000 Christ Temple Church of the Apostolic Faith Inc. Compliance with copyright restrictions requires that no portion of this site (written, audio, or visual) may be reproduced in any form without written permission of the Christ Temple Church of the Apostolic Faith Inc.9020 B Woodyard Road,Clinton MD, 20735-4212 U.S.A..

"Year's Theme: “And if it seem evil unto you to serve the LORD, choose you this day whom ye will serve; whether the gods which your fathers served that were on the other side of the flood, or the gods of the Amorites, in whose land ye dwell: but as for me and my house, we will serve the LORD.” - Joshua 24:15; "As for me and my house, we will serve the LORD in 2017.”

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