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Transfering Wealth to Your Heirs and Support the Rochester Hills Public Library Print E-mail

A Charitable Lead Trust allows you to make a future transfer of wealth to your heirs, while substantially reducing estate and gift taxes, and provide an income stream to the Rochester Hills Public Library for a specific number of years.

How the Rochester Hills Public Library benefits

During a specified number of years, a fixed or variable income is paid to the Library, depending on the type of trust created. You may designate how your gift is used at the Library.

How your heirs benefit

At the end of the trust term, the assets are passed to your heirs, or to a trust for their benefit.

How you save taxes

You receive a charitable tax deduction for the current value of the annual income payments to Library during the term of the trust. Any appreciation of the trust assets over the term of the trust is not subject to gift or estate tax.

How you can establish a Charitable Lead Trust

You can establish a Charitable Lead Trust with publicly traded securities, mutual funds, closely held stock, income producing real estate, partnership interests, or a combination of the above. Typically, a lead trust is most effective for high-net-worth individuals who wish to fund the trust with assets valued at $500,000 or more.

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