Trusts are often used as an alternative to a gift in your will. Unlike a gift in your will, a charitable remainder trust offers:
- Immediate tax benefits
- A guaranteed income for life
- Peace of mind from knowing how your gift will be used and knowing that there is no risk of probate or challenges to your wishes
- The opportunity for the Richmond Hospital Foundation to say thanks.
- Choose how much you want to give and which assets you want to use (cash, stock, bonds, real property). There is a minimum of $250,000.
- The foundation will work with you to draw up an agreement with details such as how often you will receive your payments (annually, quarterly, monthly) and how the capital will be used by the foundation in the future.
- You choose the corporate Trustee to manage the Trust.
- Enjoy peace of mind, income for life and no hassle management.