If you’re interested in making an immediate difference within the Cancer Support Community of Greater Ann Arbor while also securing provisions for your family’s future, contemplate the establishment of a benevolent lead trust. This involves the transfer of funds or other valuable assets into a trust that allocates payments to support the Cancer Support Community of Greater Ann Arbor for a specified duration. At the culmination of this designated period, any remaining assets within the trust are allocated to your chosen beneficiaries, including your family.
Charitable lead trusts offer two distinct methods for channeling contributions to the Cancer Support Community of Greater Ann Arbor:
1) Charitable Lead Annuity Trust: This trust type guarantees a fixed annual payment to the Cancer Support Community of Greater Ann Arbor. It becomes particularly appealing when prevailing interest rates are relatively low.
2) Charitable Lead Unitrust: Operating differently, this trust disburses a varying annual amount to the Cancer Support Community of Greater Ann Arbor based on the value of the assets held within the trust. If the trust’s assets appreciate in value, the payments to the Cancer Support Community of Greater Ann Arbor increase proportionally.
By opting for a charitable lead trust, you not only contribute to the mission of the Cancer Support Community of Greater Ann Arbor but also structure a strategy that addresses both your immediate impact and your family’s future well-being.
