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Charitable Trust
Help others as well as yourself and your family. With a Charitable Trust from Monroe Bank & Trust, you can make a current contribution to a charity and defer or minimize taxes, allowing you and your family to obtain numerous benefits depending on your situation and goals.
Features and Benefits
- Possible current tax deduction.
- Increase current income stream.
- Reduce taxable value of your estate, maximizing benefit to your heirs.
- Make a charitable gift today that was planned for the future.
- Reduce investment risk by liquidating overconcentrated assets and reinvesting.
- Potential savings on capital gains tax.
- Guarantee your heirs receive the full value of your planned bequest.
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Give and Recieve
It’s said that it’s better to give than to receive. But what if you can do both? Monroe Bank & Trust might have just the solution you’re looking for. With a Charitable Trust, you make a donation to the charity of your choice.
A deferral of taxes on the contribution allows the trustee to sell the asset and reinvest the funds, enabling you to gain access and income from the total value of the asset, while the taxation occurs at a later date. An insurance policy – paid from the income from the reinvested funds – can ensure your heirs receive the full benefit of your assets.
To learn if a charitable trust solution is right for you, call an MBTeam Wealth Management specialist today at 800-321-0032 or click here to schedule an appointment.
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The information above is not intended nor should it be used as a substitute for the advice of an attorney, estate or tax planner, whose advice should be sought to review your personal circumstances and goals. |
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