How does a Wealth Replacement Trust work?
June 1, 2009
- Assets are transferred to a charitable trust.
- The trustee agrees to pay a fixed or variable income for the remainder of the life of the donor or beneficiary (ies).
- Income tax savings from creating the trust and perhaps some of the trust income can be used to purchase a life insurance policy for you with children or other heirs designated as beneficiaries.
- Upon the donor’s death, the assets of the trust go to a designated charity and the death benefit of the life insurance policy to the heirs.
Affected and Unfazed
“Dear brothers and sisters, pattern your lives after mine, and learn from those who follow our example. For I have told you often before, and I say it again with tears in my eyes, that there are many whose conduct shows they are really enemies of the cross of Christ. They are headed for destruction. Their god is their appetite, they brag about shameful things, and they think only about this life here on earth. But we are citizens of ...
A Loaves and Fishes Summer
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History in the Making
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