 |
 |
5000 Clubside
Road
Lyndhurst, Ohio
44124-2595
440.423.4446
12465 County Line Road, P.O. Box 8002
Gates
Mills, Ohio
44040-8002
440.423.4446
| |
 |
|
How It Works
 |
You contribute cash, securities or other property to a trust.
|
 |
The trust makes fixed annual payments to Hawken School for a specified term of years.
|
 |
When the trust ends, the remaining principal goes to your heirs.
|
Benefits
- You qualify for a gift tax deduction for the present value of the annuity payments to Hawken.
- You can adjust the annuity payments and the term of the trust to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
- All appreciation that takes place in the trust goes tax-free to your heirs.
- You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making a significant gift to Hawken now that reduces the taxes due on transfers to your heirs later.
To learn more about Charitable Lead Trusts, Email us, complete the Information Request form, or call us at (440) 423-2084 so that we can assist you.
| |
