Family Trusts
Grantor Charitable Lead Trusts
A grantor charitable lead trust allows you to give an annual income to Berkshire School, receive a charitable income tax deduction, and retain the trust principal when the trust's term ends.
Charitable Remainder UniTrusts
A charitable remainder unitrust allows you to donate cash or appreciated assets and receive annual payments as a fixed percentage of the trusts value. When the value of the trust increases, so do your payments and your gift to Berkshire School. Your donation qualifies for an immediate tax deduction, and the assets in the trust are exempt from capital gains taxes.
Charitable Lead Trust
A charitable lead trust (CLT) pays income to Berkshire School now, while reducing your tax costs for transferring assets to your heirs. With a charitable lead trust, you irrevocably transfer assets to a trustee and provide that payments will be made to Berkshire School for a certain number of years or until the end of your or another’s life. Then the principal is passed along to your children or other heirs at greatly reduced gift and estate tax rates and in some instances, avoid them all together. The charitable lead trust may appeal to individuals who wish to make a gift while retaining property in their family.
A trust can help you better realize a vision for your estate and, in turn, your legacy. It's important to let your goals for your estate guide your discussion with your attorney and financial advisor as they help determine what kind of trust and provisions make sense for you.