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Support Audubon >Planned Giving
Charitable Lead Trust
(A Charitable Way to Pass Assets to Heirs)
How it works
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You contribute cash, securities or other property to a trust.
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The trust makes fixed annual payments to the National Audubon Society for a specified term of years.
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When the trust ends, the remaining principal is distributed to your family.
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Benefits
- You qualify for a gift tax deduction for the present value of the annuity payments to Audubon.
- The annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
- All appreciation that takes place in the trust goes tax-free to your heirs.
- You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making a significant gift to Audubon now that reduces the taxes due on transfers to your heirs later.
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