There are various ways to set up a trust. Each one will serve a different purpose.

Charitable Remainder Trust

A Charitable Remainder Trust is a highly recommended estate planning tool that allows you to donate your assets to Chabad of Solano County while providing an income stream to you and your family. A Charitable Remainder Trust has significant tax advantages for your children and beneficiaries during your lifetime.

Here’s how a Charitable Remainder Trust Can Work For You:

  • Appreciated real estate or securities are often an excellent asset to place in a Charitable Remainder Trust.
  • You establish a Remainder Trust that provides income payments to you or your family.
  • A Charitable Remainder Trust will, in most cases, reduce your estate taxes.
  • After your passing, the assets are given to Chabad of Solano County.
  • This is a significant and important way to leave a meaningful Jewish Legacy.

Charitable Lead Trust

A Charitable Lead Trust can be an effective estate planning tool to transfer the assets to your heirs with significant tax advantages, while making a meaningful gift to Chabad of Solano County.

How Charitable Trusts Can Work For You:

  • You can establish a lead trust that will make income payments to Chabad of Solano County for a pre-determined number of years.
  • After the trust term ends, the assets are distributed to you or your family.
  • This is an outstanding way to give charity today, eventually leaving the asset to your heirs.
  • Appreciated real estate is often an excellent asset to place in a charitable trust.

Retained Life Estate

A Retained Life Estate is a strategy that allows you to donate a home to Chabad of Solano County while retaining the right to live in it for the rest of your life.

  • You deed your home to Chabad of Solano County, but retain the right to live there for the rest of your life.
  • You continue to live on your property for as long as you want and are responsible for the expenses: maintenance fees, insurance, property taxes, repairs, etc.
  • When you pass, the property is transferred to Chabad of Solano County.
  • You are able to receive a substantial tax deduction.
  • You benefit by knowing your property or vacation home will ensure a Jewish Legacy.

If you are considering a Charitable Lead Trust or a Retained Life Estate, or for any information on Planned Giving, please  contact us.