USES OF WHOLE LIFE

CHARITABLE REMAINDER TRUST

The cost of successfully building a business or managing a personal investment portfolio is often measured by the enormous capital gains tax that must be paid when an individual owner looks to sell a business interest or portfolio holdings in order to fund retirement income. Often financial success brings with it a desire to express benevolence toward those charitable causes that are of particular interest. With a charitable remainder trust, these two seemingly diverse needs and desires can meet in a plan that provides:

• A lifetime income for a benevolent donor
• A substantial bequest to a charity of choice
• Avoidance of the capital gains tax
• Significant income tax deductions

The existence of permanent Whole Life Insurance in the estate of a donor makes it possible to achieve the desired charitable intent with all the collateral benefits while providing an intact transfer of estate assets to heirs.