A charitable remainder
Unitrust is like a combination of a gift and an investment plan.
You place assets in trust, and you (and/or another beneficiary)
receive lifetime income from them, then we receive the
With a Unitrust, the
amount you receive as income is a set percentage of the value of
the trust assets, predetermined annually.
You also have the option
of choosing one of five variations of Unitrusts. A Unitrust with
a net income plus makeup provision, for example, pays only the
actual trust yield, even if it is below the stated percentage.
Then in later years, when the beneficiary needs more income, the
trustee can invest the assets to generate a higher return and make up earlier
This option is excellent
for devising a supplemental retirement plan. We can provide you
with more details.